Paul Krugman wins Nobel Prize in Economics

Princeton professor and New York Times opinion columnist Paul Krugman—the economist conservatives love to hate—has won the Nobel Prize in Economics.

And it couldn’t happen at a better time.  With the economic dogma of the Republican Party in the toilet (along with the bubble economy it helped create), is there anybody on the right who has the intellectual cred to go up against Krugman?  I don’t think so.

Comments

  1. 2

    YLB spews:

    Great! The one man who was telling the truth about Bush when no one else would.

    An mild-mannered Econ prof from Princeton.

    Take that Limpblows-loving right wingers!

  2. 3

    SeattleJew spews:

    Krugman is the first Economist/Nobelist to have a real throw at being a public figure. His economics has a moral tinge that surprises me since I think of this price as the cold and heartless award!

    I was upset with his support for Hillary-Care, but this award could pout him in a unique positions to ‘splain to the people why national health care in a time like this is exactly the thing to do.

    I wonder ..

    1. will he still be a puboic figure? a speaker on cable news and a columnist at NYT?

    2. Will he assume a role in the obama admin? Perhaps Chair of the Council of Economic Advisers?

    Few people ralize that BHO is already closely tied to the folks at the chicago/Friedmann school. A Council that included those pragmatists with Krugman’s social point of view could have an immense impact.

  3. 4

    rhp6033 spews:

    “Krugman, a biased liberal who doesn’t know economics, was awarded the Nobel Prize because the socialists in Sweden wanted to award it to one of their own”.

    Okay there, wingnuts, I’ve already said it for you, to save you the trouble. No need for you to repeat it here.

    The fact that comments of that sort do nothing to address the accuracy of Krugman’s analysis (that the Republican Economic Plan as sheer lunacy on a world-wide scale) seems to be irrelevent to you.

    I guess it must be comforting to live in a world where the entire basis of logic seems to be that anyone who agrees with you is smart, anybody who disagrees with you is “biased”, and no further examination is required.

  4. 6

    SeattleJew spews:

    rhp

    Not only that, “Paul” is a Jew! Look at what the Jews have done .. first Friedman and his Chicago School and now Klugman!

    Voters should know that among Obama’s closest advisers are Jewish economists from the Chicago school. They also should know that many of the great Jewish fortunes were made by Jews financing bad times.

    Just look at the prominent names in all this:

    Goldman-Sachs-Lieberman-Friedman-Klugman

    Then there is all this chaff from the obamites that He is not a Muslim. I am sure of that, but could he be a Jew? Consider this .. his first name is “Baruch” as in Bernard Baruch the financier who made fortune out of the depression. Then there is his cousin, a Rabbi in Chicago!.

  5. 7

    Jack Klugman spews:

    A mild-mannered Econ professor from Princeton? He’s a no-mannered Enron whiner from the Jayson Blair Times.

    Go back to the morgue and read his stuff from October and November 2001. Economics doesn’t get more dismal or wrong than Krugman was then.

    Hand him a stick of Nebel’s own dynamite and send him back to the dugout.

  6. 9

    Daddy Love spews:

    Do you think he meant “Nobel’s” dynamite? WHo can tell?

    Anyway, we’re on the verge of a historic political realignment, as Democrats could very likely take power again for a generation. Accompanying that will be a new approach to economic issues starting with Dr. Krugman’s prize-winnning theory on how international trade REALLY works.

  7. 10

    kirk91 spews:

    3. SeattleJew spews:

    Krugman is the first Economist/Nobelist to have a real throw at being a public figure.

    –Sure if you forget about Marx, Keynes, Milton Friedman, and Greenspan just to name a few off the top of my head.

  8. 11

    ArtFart spews:

    No doubt the next burst of troll-blather will be some bleating about how everything’s all right now because the stock market’s up this morning now that our dear friends in Europe have come to the rescue–including the folks the Bushisatas declared “irrelevant” when they didn’t want to play along with the fiasco in Iraq.

    Anybody for another helping of “freedom fries”?

  9. 12

    YLB spews:

    6 – I bet you were reading that Donald Luskin creep then.

    Good reading for the village idiots of the world.

  10. 13

    Roger Rabbit spews:

    @6 Mr. Krugman is about to receive a tax-exempt check for $1.4 million that says “fuck you” to your ilk.

  11. 14

    Roger Rabbit spews:

    @9 “–Sure if you forget about Marx, Keynes, Milton Friedman, and Greenspan just to name a few off the top of my head.”

    To blow a few out of your ass, you mean, because only 1 of the 4 people you mention is a Nobel laureate, you ignorant fuck.

  12. 16

    SeattleJew spews:

    kirk91

    3. SeattleJew spews:

    Krugman is the first Economist/Nobelist to have a real throw at being a public figure.

    –Sure if you forget about Marx, Keynes, Milton Friedman, and Greenspan just to name a few off the top of my head.

    Hunh????

    The first Nobel in Economics was in 1969 long after Marx was dead. Even Groucho was dead by then, I think? So was Keynes.


    Greenspan
    got a Nobel??? Somebody should announce this so NBC journalist Andrea Mitchell can add it to her reasons for loving her husband!

    As for Unlcle Milty .. I assume you are n ot confusing Berle with Friedman? Milty Friedman was a Nobelist but never the columnist and TV talking head that Krugman is.

    Try watching Rachel Klevitt tonite!

  13. 17

    SeattleJew spews:

    Krugman could represent the beginning of a Swedish tilt in American economics. Imagine, a government run by and FOR the people!

  14. 18

    kirk91 spews:

    I didn’t read your point as both a Nobel prize winner AND an economist. Sorry.

    And fuck you Rabbit.

  15. 19

    Roger Rabbit spews:

    @18 “And fuck you Rabbit.”

    Yes! Yes! Yes! Oh please Great Mother Rabbit Spirit yes yes yes!!! But only if you’re a cute furry female bunny! If you are, bend over …

    P.S., Krugman has a Nobel Prize and you don’t, neener neener!

  16. 20

    Marvin Stamn spews:

    What a strange world we live in when a former Enron advisor gets the nobel peace prize in economics.

  17. 21

    Marvin Stamn spews:

    5. YLB spews:
    This was the racist fantasy of all the right wing for that matter.

      
    Once again the party of the kkk is calling others racist.
      
    It’s just like how the left-wingnuts always cry racist when republicans want to fix welfare, despite the fact there are more white people on welfare.

  18. 22

    ArtFart spews:

    It seems that over the weekend the “National Debt Clock” in New York City had to be modified to accommodate another digit. They altered the left-most character in the display, which previously displayed only a dollar sign, to show “$1″, as the estimate of the national debt approached $10.2 trillion dollars.

    It would appear that the “solution” to the “liquidity crisis” is to take the taxpayers’ money, including what we’re going to be paying Uncle Sam for many years to come, and hand it over to the banks so we can continue to borrow our own money back. The administration apparently hopes that the implications of this won’t dawn on most Americans while every effort is made to prop up the Dow, hold down the price of gasoline and prevent peoples’ credit cards from being cancelled until after the election.

  19. 23

    SeattleJew spews:

    21 Artfart “Tax payer’s money”

    Where does this idea come form that the tax payers generate money? Money is an accounting device, regulated by our government.

    If it really bothers you to pay taxes, we could instead have the Fed just print money in some proportion to what we each earn or own.

    Then you would pay zero taxes.

    Would that make you happier?

    The only meaningful measure is disposable income. If paying more in taxes increases my ability to save or buy, then I win. As one example, it is likely that a govt healthcare system would save us all money but increase taxes. If we all get payed more because Beoing isn;t in hock to Aetna, and less than that amount goes to taxes why give a penguin turd about the taxes?

  20. 24

    headless lucy spews:

    re 20: There are more white people. Whenever you try to act serious, you increase my ‘Laugher Curve’.

    Incidentally, the so-called ‘Laffer Curve’ was first expounded by a Muslim in 1377. So, it’s a terrorist economic concept.

  21. 26

    Marvin Stamn spews:

    23. headless lucy spews:
    re 20: There are more white people.

      
    I knew that would make you feel safer.
      
    Say, have you met any black people you can be around 24/7 yet.
      
    Is it true that on your ballot for president you are going to write in, “any white person?”

  22. 27

    Marvin Stamn spews:

    24. Roger Rabbit spews:
    @19 There’s no such thing as a “nobel peace prize in economics,” blockhead!

      
    That was a test to see if the people that say they don’t read me are liars.
      
    How do you think you did?

  23. 28

    Politically Incorrect spews:

    Krugman is an arrogant fucking jerk. He’s just another of those effete snobs from the Northeast that think they know what’s best for everybody which translates into more and more socialism shoved up our asses by a big, obtrusive bloated government.

  24. 29

    Politically Incorrect spews:

    headless lucy said:

    “Incidentally, the so-called ‘Laffer Curve’ was first expounded by a Muslim in 1377. So, it’s a terrorist economic concept.”

    Hmmm…I bet Art Laffer would have a differnet opinion about 14th century Muslim economists and the Laffer Curve.

  25. 30

    Don Joe spews:

    @ 27

    Krugman is an arrogant fucking jerk.

    When you stop regurgitating long-debunked right-wing economic talking points, you might gain enough credibility to make that stick.

  26. 31

    W. Klingon Skausen spews:

    re 28: Laffer’s entire economic philosophy fits on a cocktail napkin.

    Ask David Stockman.

  27. 32

    W. Klingon Skausen spews:

    re 25: No. I’m voting for a Muslim domestic terrorist who isn’t even an American.

    His middle name is ‘Hussein’. What more proof could you need?