Paul Krugman wanted the government to cause a housing bubble

Here's some of Paul Krugman's "best": (from August 2002)

"To fight this recession the Fed needs more than a snapback; it needs soaring household spending to offset moribund business investment. And to do that, as Paul McCulley of Pimco put it, Alan Greenspan needs to create a housing bubble to replace the Nasdaq bubble."

That's right: Paul Krugman *wanted* the government to create a housing bubble.

But somehow this is *not* an example of government intervention just putting off until later a needed correction? Much like the current government is attempting to do *again*? We're supposed to listen to this clown despite his complete and total miss on this?