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Niall Ferguson's cover story on "Why Obama Needs to Go" is, naturally, racking up the online reactions.

It also contains "multiple errors and misrepresentations," according to Paul Krugman, who calls the piece an exercise in "unethical commentary."

Krugman continues, outlining what he calls a false Ferguson claim regarding health care reform's effect on the national deficit:

We’re not talking about ideology or even economic analysis here — just a plain misrepresentation of the facts, with an august publication letting itself be used to misinform readers. The Times would require an abject correction if something like that slipped through. Will Newsweek?

We'll see.