'Idiot': Paul Krugman batters 'clueless' Mnuchin for panicking markets with tweet
Treasury Secretary Steve Mnuchin poses with his wife Louise Linton while holding a sheet full of dollars (Twitter photo).

On Monday, Nobel Prize-winning economist Paul Krugman went on a tweet storm in reaction to Treasury Secretary Steve Mnuchin ’s tweets about calling banks.

While on a beach in Cabo, Mnuchin called leading banks to reassure them about the plummeting U.S. economy.

Krugman said that the U.S. has an "economic team as clueless as their boss."

"We should take seriously the possibility that we're looking at an economic team as clueless as their boss -- and that they'll respond to real problems by firing off off-point tweets from various golf courses," he tweeted.