Monday, October 13, 2008

Congrats to Krugman

New York Times columnist Paul Krugman has won a Nobel Prize in Economics. Krugman's columns are excellent exposes of the current state of affairs, and they unashamedly put forth a liberal vision of what our economy and government should be.

Naturally, some bloggers aren't happy about this development. Russell Roberts at the Cafe Hayek blog is practically boiling over with resentment that someone who does not represent his version of "the economic way of thinking" got the prize.

Well Russell, as you yourself observe in your post, better get used to it. The corporate leaders you trusted to build our economy got greedy and blew it with the deregulation. Your ideas are going to be out of fashion for a long while. Maybe you should call up some Marxist historians and ask them how they coped...

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