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Paul Krugman wins the Nobel in Economics

http://economix.blogs.nytimes.com/2008/10/13/honoring-paul-krugman/?scp=...

I've often enjoyed his columns, he can explain things simply or distills them down to the base elements. He was especially enlightening when they wanted to phase out Social Security and in predicting the real estate bubble. Reading him gave me a 4 year head start on ditching all real estate I wasn't prepared to hold for my kids. The biggest pieces took years to get out of but I did, and in time. I read his blog daily.

http://krugman.blogs.nytimes.com/

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Paul Krugman wins the Nobel in Economics

I always like what he has to say when I see him interviewed.

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Paul Krugman wins the Nobel in Economics

Congrats to Mr. Krugman.
I read some of his Blogs from your link and I must say I was not impressed with his Tag Line, "The Conscience Of A Liberal". Not exactly an unbiased op ed author that you guys keep demanding from us.

However I like this guy and I believe that you'll agree that he ranks high on your list of approved opinion commentators.

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Paul Krugman wins the Nobel in Economics

Actually "Conscience of a Liberal" is the name of his blog and also the book he is trying to flog, though he hardly needs the income from the book now that he has that million plus prize and that big chunk of gold.

It's a play on words. The Conscience of a Conservative was Barry Goldwater's seminal book of conservative thought. Required reading in probably many poli sci classes, and for sure it should be on the shelf of any conservative.

Krugman started out in Jerry Ford's administration back in the good old days when being a conservative meant being prudent, deliberative, and competent. Now fiscal responsibility and considered thought before lurching into new adventures is the place of flaming liberals.

The Nobel was for his work on why some economies specialize in their production and excell at it when the same conditions exist elsewhere and also why some economies experience rapid catastrophic failure. I think he actually went to Indonesia and others to see what went wrong. He is excited to be living close to New York and Washington at this time.

Ben Bernanke the current Federal Reserve Chairman was a contemporary of Krugman at Princton where they were both tenured profs. Bernanke by the way specializes in the study of the Great Depression. Good expert to have running the Fed at this time.

I think Krugman writes much better than he speaks.

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Paul Krugman wins the Nobel in Economics

Krugman is intelligent and I've found his writings insightful. However he has long mixed his economic policy opinions with left leaning politics diminishing his appeal in academic circles.

Furthermore he likes to sit on the sidelines and play couch quarterback on economic policy . He was highly critical of the Bush SR administration, but when offered a position with Clinton he rejected the offer. If he is so insightful it seems he could have helped the country instead of being yet another pundit.

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