In his Monday New York Times column, economist Paul Krugman discussed the ability of the current crop of presidential candidates to answer the economic equivalent of the "3 a.m. call" from the 2008 election cycle.
Krugman analyzed the economic policies of the three people he still considers viable candidates -- Hillary Clinton, Donald Trump, and Ted Cruz -- and determined that of them, only Clinton is qualified to answer that call -- but boy howdy, is she ever.
"Mrs. Clinton isn’t just the most knowledgeable, well-informed candidate in this election," he wrote, "she’s arguably the best-prepared candidate on matters economic ever to run for president."
Of course, it could be worse:
The Donald doesn’t know much, but Ted Cruz knows a lot that isn’t so. In a world in which gold bugs have been wrong every step of the way, repeatedly predicting runaway inflation that fails to materialize, he demands a gold standard to produce a “sound dollar.” He chose, as his senior economic adviser, Phil Gramm — an architect of financial deregulation who helped set the stage for the 2008 crisis, then dismissed warnings of recession when that crisis came, calling America a “nation of whiners”...