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Paul Krugman Awarded Nobel Prize For Economics

Posted by kdawson on from the too-smart-fr-government dept.

zogger writes in his journal, "The guy who put together the concept of geographical location combined with cheap transportation leading to 'like trades with like' and the rise of superindustrial trading blocs has won the Nobel economics science prize. He's a bigtime critic of a lot of this administration's policies, and is unabashedly an FDR-economy styled fella. Here is his blog at the NYTimes." Reader yoyoq adds that Krugman's career choice was inspired by reading Asimov's Foundation series at a young age.

4 of 425 comments (clear)

  1. Huff post concerned primarily with douchbaggery by Gat0r30y · · Score: 0, Troll
    The Huffington Post seems most concerned with Krugman's potential to be an ass about it:

    said one of Mr. Krugman's Princeton associates, who spoke on condition of anonymity. "But now he's walking around like he's Jay-Z or something."

    So... when is Hova gonna get the Nobel?

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  2. Re:We really should have listened to him 3 years a by Jonnne · · Score: 0, Troll

    I would say that illustrates the problems with mr Krugman. A quick look at this Wikipedia article reveals that the industrial output of the US is about 2.2 times that of China, and output from services is roughly 10 times bigger: http://en.wikipedia.org/wiki/List_of_countries_by_GDP_sector_composition

  3. no, the Austrians were right by qralston · · Score: 0, Troll

    Whine all you want about the Nobel Committee having a political agenda.

    As others have pointed out, Krugman did NOT win a Nobel prize; he won a different prize.

    Right is right. And Krugman was right.

    No, he wasn't. Krugman identified the symptom--a housing bubble--but not the cause.

    The Austrians were right. And no matter how much Krugman calls them poopy-heads, they're still right: Keynesian economics is one giant fraud.

    That's what's really at the core of the worldwide economic meltdown: the fraud is unravelling. And it's looking increasingly likely that world governments are going to nationalize their entire banking systems to prevent it, rather than doing the sane thing and returning to sound money.

    (If any of you have any doubts as to what type of standard of living nationalization leads to, take a good, hard at current and former communist countries--say, North Korea.)

    Our founding fathers are weeping in their graves, while Stalin is laughing in his.

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  4. Hey by justinlee37 · · Score: 0, Troll

    Fuck you, you ignorant hick.