Meh... you could make a pretty compelling argument that economics isn't a science, and a pretty compelling argument that Krugman is a radical ideologue who is good at marketing himself. In any case, whether he's distinguished or not, whether or not he has a Nobel Prize, how else he could theoretically support himself, don't really enter into it... evaluating this piece of content (as well as any other) should be done on it's merits (or lack thereof).
It's kinda disappointing in this case, because that actually is a really interesting article from an economic perspective. But when he mixes it in with his psuedo-socialist, big government, leftist ideology, it immediately turns a lot of people off. I almost didn't click through just because it was Krugman. But he sucked me in with the catchy title. :-)