Paul Krugman wins the Nobel Prize for economics

[Satyagrahi]

Source: AP

American Paul Krugman wins the Nobel Prize for economics

STOCKHOLM, Sweden (AP) -- The Royal Swedish Academy of Sciences says that American Paul Krugman has won the Nobel economics prize "for his analysis of trade patterns and location of economic activity."
The award, known as the Nobel Memorial Prize in Economic Sciences, is the last of the six Nobel prizes announced this year and is not one of the original Nobels. It was created in 1968 by the Swedish central bank in Nobel's memory.

Read more: http://biz.yahoo.com/ap/081013/eu_sweden_nobel_economics.html?.v=1

---

:bounce:

[habitual]

1. hmmmm where have i heard that name before?

same guy?

[BumRushDaShow]

5. Same guy. n/t

[habitual]

9. thx for info.

seems you beat me to it.

[HowHasItComeToThis]

77. BRAVO TO HIM

:bounce: :bounce::bounce::bounce::bounce::bounce::bounce::bounce::bounce::bounce::bounce::bounce::bounce::bounce::bounce::bounce:

[endthewar]

83. Only 16 bouncy thingies?

You don't seem that excited to me. :rofl:

[robinlynne]

151. You two are so going to get duzy awards!

[habitual]

8. self reply

yep, same guy!

http://topics.nytimes.com/top/opinion/editorialsandoped/oped/columnists/paulkrugman/index.html

sweet, i love reading him.!

[BREMPRO]

60. I heard him on the political round table "This Week" yesterday....

...and he demonstrated that he was vastly more knowledgeable than the other talking heads, basing his comments on knowledge and insight rather than superficial popular misconceptions. It was very revealing.. He's a brilliant and insightful economic Nome..

Of course this just gives more fuel the the argument by the RW than the Nobel prizes are prejudiced toward "liberals"

I do believe the Nobel label still carries great weight and his commentary now will be given more respect.

[TankLV]

101. Of course they're "lilberal" - the TRUTH is "liberal"!!!

kinda sweat to see the utter FAILURE of REAGANOMICS, isn't it?

I say "kinda" because of all the MISERY it has wrought...

[BREMPRO]

141. yes, i remember 20 years ago thinking and speaking out that reagonomics was

a bad idea for average Americans, and not sustainable as an economic model. We've all here know this for a generation. Too bad most of us suffered through it's consequences before it collapsed-(wage stagnation, destruction of worker rights and unions, heath care privatization and profiteering, Enron style deregulation and market manipulation, outsources government services to political allys for profit, offshore corporate tax sheltering, wholesale selling of public assets at bargain prices into private hands, ballooning public deficits, and the final nail in the coffin: widespread unregulated greed and corruption of investment markets). Still there will be spin about it still being a viable model, witness the blaming of the crisis on the democrats trying to get home loans for lower income folks through fannie/freddie- i've heard people saying things like "ever thing would be fine except those poor minorities who were irresponsible with their mortgages" NEver mind that 80% of the sub-prime market was NOT generated by fannie/freddie, but the private equity markets- and the problem is not the sub-prime mortgages - only 6% of a mortgage market, but the BETS WALL STREET MADE ON the mortgages. they created exotic instruments with no regulation that they had no assets to back them up- 100 times the value of the mortgages themselves. Unbelievable. The fall of the roman empire is comparable to the destruction the republican economics have had on our country.

[Ernest Partridge]

107. Reality bites.

Haven't you heard? "Reality has a liberal bias." (Steven Colbert)

[Oak2004]

109. Does that not then mean that liberals bite??

Or is this some kind of logic system where that conclusion is not true?

I dunno-- how about we ask John McCain and his rapidly sinking campaign if liberals can bite?

:)

[calimary]

121. Welcome to DU!

Dr. Partridge, I presume?

I've loved Paul Krugman for years! For a long time his was the ONLY voice among the column-writers who spoke out against bush - back when it wasn't cool, and only all-American "patriots" were allowed to speak (pro-bush, of course).

[9thkvius]

168. Well, if they create a Nobel for self-delusion or political hackery...

maybe some Republican right-wingers will stand a chance at winning a Nobel.

[TripleEntente]

165. Paul Krugman deserves it

He's a heck of a journalist and economist. Kudos.

[Hugin]

2. Very nice.

Congratulations to Paul Krugman.

[Ian David]

3. The Official Paul Krugman Web Page

The Official Paul Krugman Web Page
http://web.mit.edu/krugman/www/



Article: SHOULD THE FED CARE ABOUT STOCK BUBBLES?

It was a time of unprecedented prosperity. And it was also a time
of soaring stock prices, a time when the market became a national
obsession. As more and more ordinary Americans began buying stocks,
many responsible people became worried. True, some market gurus
argued that changed fundamentals made the higher price levels
reasonable--and those optimists had, of course, been right so far.
But still there was a sense, almost a consensus, among sober heads
that this was a classic bubble.

Even if stock prices had gone crazy, however, what if anything
should be the policy response? Should the Fed raise interest rates
and pop the bubble? Or would this simply bring on a recession?
Anyway, if consumer prices are stable, should the central bank even
care about asset inflation?

Like most debates in which nobody really knows the answer, this
one became peculiarly intense and bitter. Those who wanted the
bubble popped accused the other side of irresponsibility, warning
that continued financial excesses would inevitably lead to a painful
hangover. Their opponents argued that as long as there were no signs
of inflation, to raise interest rates would be an act of pure spite
and would itself bring on a gratuitous recession.

So even in times of prosperity, a central banker's lot is not a
happy one. The funny thing is that 70 years later the great debate
about the market and monetary policy, the one that raged in 1928 (bet
you thought I was talking about current events--well, those too)
remains unresolved. What, if anything, should the Fed do when it
thinks the market has gone mad?

You can tell that this question has gotten Greenspan upset: He's
so worried that he's become--it scares me to say this--
comprehensible. Everyone knows he believes stock prices are too
high. But the market is no more convinced now than it was the first
time he warned about "irrational exuberance," back when the Dow was
around 6500. So he can't seem to talk it down. Should he do more?

The answer, I'm almost convinced, is no: leave the economy alone.
But I'm not totally sure, so let me give both sides.


http://web.mit.edu/krugman/www/stockbub.html

[MannyGoldstein]

4. Fantastic! The Tide Is Turning!

So much happening, so fast.

[madaboutharry]

6. That is an achievement.

I got very annoyed with him during the primaries when he was constantly knocking Obama. But he came around as all good democrats have. He is a brilliant guy.

[JoFerret]

51. There was indeed a ridiculously petty minded

anti-Krugman faction vocal on DU for a while. And all because Krugman pointed out the obvious: Hillary's health plan was better.
He preferred Hillary. Big deal.
"Knock Obama"? How silly is that.
Onwards to victory.
I am delighted by this prize. Krugman has made economics accessible. He is a great voice for economic sanity.

[jumptheshadow]

70. Yes, he preferred Hillary's health plan

And to give Obama credit, he has moved towards that better plan.

He also disagreed with Obama's stance on Social Security, saying that it gave Republicans too much ammunition in their campaign to dismantle it.

Krugman is brilliant and has for a long time been one of the few voices of reason in this country.

[intheflow]

110. That's interesting.

I don't remember him saying that about Social Security, but it certainly hasn't become ammo for the Repukes this election. They're far too busy putting out Pailn fires and looting the government to actually talk about Obama's policies.

[jumptheshadow]

129. Here's the link but it might be a moot point...

given the current economic times.

http://krugman.blogs.nytimes.com/2007/11/11/why-barack-why/?scp=1-b&sq=paul+krugman+social+security&st=nyt

[BrklynLiberal]

135. ..and that's the truth....

[JoFerret]

172. He has made a shift it's true

And when president I hope he will go the whole way. Hillary's plan was not perfect either, just better. universal, single payer is where we need to be. Given the economic meltdown the next president has a Roosevelt-like opportunity to make change. I hope Obama wants to be that change maker. Could make the difference for the next two generations.

[rucognizant]

71. He's been involved in the antiwar movement from the begnning!

One of the progressives who saw Obama as too centrist, before we were confronted with a choice of the ridiculous OR Obama. He looks pretty darn good now. And he has been fleshing out his platform as he goes............ Barack not Paul.

[jwirr]

164. That is why I love Paul Krugman - he is not a yes man. He is just the

sort of person that Obama wants around him when he is elected. Honest opinions are worth more than bushie's worshipers.

[Vinca]

7. What an honor! I'm so happy for him. nt

[bunkerbuster1]

10. Wowie zowie.

I'm really floored.

[Wetzelbill]

11. Hell yeah I congratulated him on his blog too

That makes me so happy. He's awesome.

On another note, saying "I won the Nobel Prize" over the course of a conversation would be totally badass.

[Indenturedebtor]

48. Hell I'm looking forward to using his ideas with that qualifier when talking to Chicagonomics Trolls

Great news!

[liberalhistorian]

113. LOL, "Chicagonomics", I love that!

"Chicagonomics" has done such great damage to this country and even globally, it's past time for it and all of its bullshit proponents to be relegated to the cellar of history.

[Indenturedebtor]

154. Yeah I was just reading the other day that NZ bought into it a few years back

and they are having banking issues while Austrailia (who didn't) is doing better than most countries. I dunno, food for though eh :)

[xxqqqzme]

89. Keith & Rachel

will have to mention it many times when introducing him.

Did his fee just go up?

[DeepModem Mom]

12. OMG!!! Congratulations, Professor Krugman! nt

[lamp_shade]

13. That is wonderful !

[nashville_brook]

14. holy crap. wow!

[dennis4868]

15. but but but...

intellectuals such as Bill Oreilly called him a bafoon and a very ignorant man....how could such a person win the prize? :-)

[nichomachus]

33. Because

the Nobel Prize is a prize given by America-hating foreigners to American liberals who also hate America. Aren't you paying attention.

:sarcasm:

[catgirl]

16. K & R!!

[mod mom]

17. Excellent for him!!!

[Reader Rabbit]

18. Now *that's* a great thing to wake up to!

Woot!

:woohoo:

[BumRushDaShow]

19. Sect'y of Treasury?

I have not followed this guy until recently when his name kept popping up during the primaries and then more recently as he has appeared on various news shows. But if you think about it, since the complexity of what is happening with the worldwide financial collapse is a bit different from the last go-around some 80 years ago, it might be prudent to get the best and brightest in there to try to formulate a way out of this.

[rucognizant]

72. ANd on that note.......

I just saw on another blog that Obama's IQ is 165-170.
I don't have time to fact check it..............but please feel free to do so.

[AlbertCat]

98. He wrote a book...

...way back in 2003 called "The Great Unraveling" where he talks about "bad economics wrapped in the American flag". It's derived from his columns in the NYT. It is easy to understand and, at this point in time, prophetic. It's still worth a read and is like a real time summation of how we got here.


http://www.amazon.com/Great-Unraveling-Losing-Our-Century/dp/0393058506



P.S. The 1 star reviews at Amazon(all written in 2003)of the book are hysterical now. They all talk about his discredited "school" of economics, and "how can he possibly blame the bubble (not the one that just burst, mind you)on Bush?! It all Clinton's fault!" and the usual "he's a socialist" stuff. These days, the utter wrongness of these opinions is funny....well if it weren't so sad.

[Democat]

20. Has he endorsed Obama?

If not, the day before the debate would be a great day for him to do it!

[JI7]

23. he is supporting Obama

supported Hillary in the Primary but he is now strongly supporting Obama.

[Democat]

25. I seem to remember him and Obama sparring in the primaries

Would be nice to get a full endorsement after winning the noble prize in economics. :)

[JoFerret]

52. Are you on another planet

or what?

[Mz Pip]

111. I think Krugman

initially was a Hillary supporter, if I remember correctly.

[JoFerret]

169. Yes. He was. So?

What's the point here?

(Joe Gargery was also a Hillary supporter. Now he is an Obama blacksmith for change.
Mrs. Joe is on a rampage for Sarah Palin. orlick died wearing a Mccain button. Mr. Pumblechook is saying he is for whichever candidate knocks on his door. Pip is a natural democrat who lost his way but now is home with the democratic candidate.)

[Mz Pip]

176. So, nothing.

I have no idea what you are going on about. It is what it is. Krugman supported Hillary. Now he supports Obama. What is your point?

[Uzybone]

21. Its about time

he deserves it.

[tpsbmam]

22. Wow! I feel like a friend has won the Nobel prize! n/t

[JI7]

24. me too

it's very well deserved and makes me very happy. almost like WE have won something also with this and in a way that is true.

[Shoelace]

94. me three!!! Am totally delighted at this news, Krugman rocks

and love reading his blog. Eat your heart out Faux News and let's see CNN, MSM announce that prize?

[nam78_two]

80. Me too

Isn't that weird :D? I have read his column for years and gone and seen him speak.

[Dinger]

26. Didn't He Win A Pulitzer Too?

That guy is simply awesome!

[Wetzelbill]

58. not yet, but he looks to pull an Al Gore and win a few big ones

in one year. His work on the economic crisis has been awesome.

[Dudley_DUright]

27. Nice!

I knew he was well respected in the field for his work and I had hopes for a few years now, but I have to admit I am surprised. Congratulations Paul!

on edit:

Here is the official Nobel Prize site press release with more detailed info available on the right.

http://nobelprize.org/nobel_prizes/economics/laureates/2008/press.html

[Captain Hilts]

28. Ah, a Hillary Clinton supporter gets the Big Prize - well done, Paul and thanks for...

the term FEMAfication of government!

[smoogatz]

29. Woo hoo!

Loves me some Krugman!

[gateley]

SO happy for him! Obama - make him your economic advisor! nt

[eShirl]

30. I can't believe I know who the winner of the Nobel in Economics is!!

:bounce: :woohoo: :donut:

been a fan of his NYT column all through the * administration

[fencesitter]

31. That's a nice addition for yer resume.

[NashVegas]

32. Nice

There's a statement, huh?

[GreenEyedLefty]

34. Go Paul! Congrats!

[leveymg]

35. Welcome to the club, Dr. Krugman!

[willing dwarf]

36. Great news for our team!

Though it looks like it's more for his academic work on world markets and trade than for being a plumb line speaking out against the Bush Administration, but in every way, I think we can see this as a feather in the liberal cap!

:bounce:

[Joe Bacon]

37. Kick!

:-)

[Krashkopf]

38. Congrats Professor Krugman!

A stake through the heart of "Chicago School" economics!

Maybe now, more people will start reading Krugman, and fewer people will stop reading Thomas Friedman and his "flat-headed, flat world" nonsense!

[supernova]

39. Congrats Professor Krugman!

:bounce: :bounce: :bounce:

He totally deserves it, not just because he is so smart, he is just so good at explaining economic topics to everyone. And that is a skill not every one has.

:party: :party:

[Ian David]

40. So, I googled "Krugman and Obama" and this is what I found:

I hope that Krugman has since come back into the fold, post-Primary?


Krugman: Obama Supporters Are Like Nixon
Columnist Paul Krugman alienates his liberal allies: "I'm not the first to point out that the Obama campaign seems dangerously close to becoming a cult of personality."
Posted by: Clay Waters
2/12/2008 9:43:51 AM
http://www.timeswatch.org/articles/2008/20080211150350.aspx


21:17 GMT +00:00
Krugman's Obama problem
Posted by:
Economist.com | NEW YORK

<snip>

But of course the audience had bigger things on its mind. Clinton-Obama! Clinton-Obama!

Mr Krugman’s purpose today was to promote his newish book, The Conscience of a Liberal. Lately, a lot of the country’s bloggier liberals have been wondering where his conscience went: why, how, and why again is he supporting Hillary Clinton’s candidacy for the nomination over Barack Obama’s? Well, to our surprise, all these questions can be answered fairly with a single word. A big one, but not a long one: race. Race, that old black-and-white magic, is a major preoccupation of this Conscience’s take on our politics today. (Mr Krugman finished his manuscript 11 months ago, when no one really thought that Mr Obama stood a chance. His views on race seem genuinely to precede his having to take Obama’s candidacy seriously.)

According to Mr Krugman, race is the sole reason that "movement conservatism" has stolen the reins of American politics, de-regulated finance, destroyed the unions, caused global warming, stolen babies’ candy, etc etc. It is only race and emphatically not, as Thomas Frank and others have argued, any “moral values” canard. Mr Krugman says you can tell the whole story in five words. Since the Democrats’ reluctant embrace of civil rights in the early 1960s and Nixon’s Southern strategy of 1968: "white Southerners started voting Republican." (He cites for evidence his colleague Larry Bartels's, "What’s the Matter with ‘What’s the Matter with Kansas?'")

But the audience is being thick, and it keeps roaring. Isn’t Obama cool? Isn’t Hillary a drag? At this point our affable, reedy and somewhat tweedy speaker becomes a bit nervous. He has, after all, published a lot of reasons that might explain why Hillary makes the better candidate. In his well-read column, he’s said variously that we should fear a backlash against Mr Obama’s “mystique” and admire Hillary’s relatively concerted focus on winsome economic issues; he’s noted too that Mr Obama has never faced a serious Republican and is anyway not sufficiently partisan.

More:
http://www.economist.com/blogs/democracyinamerica/2008/04/krugmans_obama_problem.cfm



January 21, 2008

THE KRUGMAN-OBAMA CAGE MATCH CONTINUES....When Barack Obama's campaign decided to post a bit of oppo trash talking against Paul Krugman on its website, they didn't know what they were getting themselves into. Krugman hasn't let up since, and Matt Yglesias comes to the rescue here. But after performing rhetorical CPR, he adds this:

That said, I'll freely grant that I'm getting a bit tired of defending Obama and his campaign. Stuff like this from Krugman clearly hurts them, but the easiest way to deflect claims that Obama is the more conservative choice would be for Obama to say so himself in a clear and direct way. Given that Clinton is very much running as her husband's wife, it should hardly be impossible to make the case that establishing continuity with the moderate Clinton administration is the moderate choice.

Believe me, I sympathize. But look: Obama has clearly chosen his course, and there's really no way for him to give a wink and a nudge to folks like Matt and me to let us know that he's just kidding about all this kumbaya stuff. After all, it's part of his whole appeal to both independents and moderate conservatives, and his candidacy depends on that. So if you're a liberal in Obama's camp, you just have to cross your fingers and trust him.

Because in the end, this is what it all comes down to. Is Obama kidding or not? Does he really believe that he can enact a progressive agenda by reaching out to Republicans and bridging the red-blue divide, or is he just saying this as a way of shaping public opinion and winning an election? And if he does believe it, is he right?

As a lot of us point out endlessly, both Obama and Hillary Clinton have very similar views on both domestic and foreign policy. Not identical, but pretty close. So really, the key question for progressives ought to be this: Which political style is most likely to advance the cause of progressivism? The soothing, post-partisan Obama style, or the more directly political Clinton style? Can Obama move public opinion in a progressive direction via stealth? Or will the public need something more? I suspect the latter, and it's the reason I continue to have more of a skeptical Krugmanesque attitude toward Obama than an upbeat Yglesias-esque one.

More:
http://www.washingtonmonthly.com/archives/individual/2008_01/012936.php

[bookman]

65. That was then...

... this is now.

The primary was a tough battle all around. But we need (and are) rallying around the nominee.

[pnwmom]

74. Krugman strongly preferred HRC's (and Edwards') health plan, and

was probably frustrated with her inability to succeed with it.

I understand that in the meantime, however, Obama's plan has moved closer to the others.

[Ian David]

88. McCain plans to give every American a musket to hunt for their own food.

[ThatPoetGuy]

143. Krugman had a difference of principles with Obama.

Krugman's core principles, such as the importance of universal health care and the strengthening of labor unions, made him prefer John Edwards and Hillary Clinton over Barack Obama. I shared his principles, and I shared his choices. Race never had anything to do with it.

Since Obama clinched the nomination, Krugman has been writing consistently in his support. Several times a week, Kruggles has launched an intelligent, insightful attack on the policies of John McCain and his fellow Republicans, while showing exactly why Barack Obama and the Democrats are a much better choice.

[Cheney Killed Bambi]

41. Whoo-Hoo!!!!!!!!!!!!!!!

Krugman's the best!!!!!!!!!!!!


:woohoo: :woohoo: :woohoo: :woohoo: :woohoo: :woohoo:

[TheCoxwain]

42. Congratulations Prof. Krugman

Kudos to Paul Krugman on his achievement.

Though the nobel is not related to social choice - I hope this is another nail in the coffin for supply-side economics espoused by the likes of Lawrence Kudlow and other “fake-economists” ( ie - partisan hacks dressed up as economists)

[chelsea0011]

43. This will get him smeared by the right. I like reading his columns in the NYT

but didn't know he did research.

[crazylikafox]

120. Yep, he's too smart for them. No sixpack for Paul.

[lanlady]

44. reason for rejoicing!

This is FANTASTIC news. Congratulations, Professor Krugman!

[shireen]

45. AWESOME!!!

Congratulations, Paul!
:applause:

[chimpymustgo]

46. Much deserved. Too bad he's taken such a beating at DU, but I see we have a host of converts.

Krugman rocks.

[City Lights]

47. Great news!

Congratulations, Mr. Krugman! :bounce: :toast:

[RUMMYisFROSTED]

49. I thought it was going to be Paulson for sure.

:cry:

[not fooled]

171. Or shared...

...by Paulson and Bernanke.

:rofl:

[DemoTex]

50. In our corner: Jimmy Carter, Al Gore, and Paul Krugman.

In their corner: Hmmm? Did Ru$h Limpbough ever get his Nobel Prize?

Congratulations Prof. Krugman!

[xxqqqzme]

90. Teddy Roosevelt

received a Nobel. However, I doubt he would be a publican in this age.

[Faygo Kid]

53. Hah! Yet another reason for O'Reilly's head to explode.

He absolutely HATES Krugman. Plenty of examples; here's a blast from the past: http://mediamatters.org/items/200408100003

[pink-o]

130. Ha Ha! Maybe "Nobel Prize Winning Economist Paul Krugman"

...and "Minnesota Senator Al Franken" will give him a total anerysm.

[AllyCat]

54. Congratulations, Dr. Krugman. Well done!

[The Backlash Cometh]

55. Congratulations Paul!

[DemoTex]

56. " .. Chicago School of Economics is Discredited .." (BuzzFlash headline)

Paul Krugman Wins Nobel Prize in Economics. A Sign of the Times, Perhaps, that the Chicago School of Economics is Discredited. Congratulations, Paul! (Buzz then links the NYTs article)

http://www.buzzflash.com/

[TheCoxwain]

64. It is time to call the bluff on Supply-side economics

that turns rationality on its head.

Larry Kudlow - Fuck you Asshole - you are full of shit - and if you have anything bigger than a pea sized brain - you know you are full of shit. But in either case - FUCK YOU

[Joe Chi Minh]

112. Chicago Boys? Just that..... boys among men. How many of those martyrs

mentioned in the Apocalypse were tortured and murdered by Pinochet's finest? And by the other School of the America's alumni, I wonder? Those Chicago Boys will have a big welcome awaiting them in the hereafter, as well as ineradicable shame, in this world.

[BrklynLiberal]

137. That would be such a giant step into the light for ths country

[Jim__]

57. Congratulations toPaul Krugman.

Well deserved.

[Chorophyll]

59. Well deserved!

Congratulations, Mr. Krugman!

[DailyGrind51]

61. Krugman is the "anti-Friedman", and a much better choice for the Nobel Prize!

[politicalmajority]

62. CONGRATS TO DR. PAUL KRUGMAN!!!!

He should be the next Secretary of the Treasury in the Obama/Biden administration.

[Phred42]

63. K & R - Congrats Mr Krugman! - Well deserved.

And to the Reich may I say.....

nya nya !

:woohoo:

:applause:

[Botany]

66. That is great but has he won a DUzy?

BTW Bill O'Rielly head will now explode.

[bronxiteforever]

67. k & r-Congrats Doctor K

[WillyT]

68. Holy Mula, Batman !!! K & R !!!

:bounce::kick::bounce:

:woohoo:

[renate]

69. all RIGHT!

Great news!

:woohoo:

[robcon]

73. Krugman's defense of free trade is the clearest I've ever read.

He's a hero of economics.

[rndmprsn]

75. good for you paul...my fave economist!

i emailed him a few years abck and he actually answered with a thoughtful and thankful reply.

go paul!

[ryanmuegge]

76. He had the courage to be a pessimist (in other words, realistic and honest) during all of the

"fantastic Bush economy" as the "great untold story" of his presidency BS. For many years, he was the lone MSM voice in the wilderness about the jobless recovery, the balance of accounts, and a lot of other neoliberal lies.

[nam78_two]

78. Yay! I love Krugman

Congratulations Dr.Krugman :bounce:! He also was someone who dissed Bush way before it was cool to do so.

[Window]

79. Congratulations Paul Krugman! He always speaks as if he knows his stuff.

[dccrossman]

81. Must be

that damn librul Nobel committee. Don't no librul no nuthin bout the economy. :sarcasm:

=)

[SheWhoMustBeObeyed]

82. K&R & Congratulations to Dr. Krugman

:toast:

[sonias]

84. Congratulations to Paul Krugman!

He deserved to win!

:woohoo:


Sonia

[glinda]

85. Congratulations Professor Krugman!

Well done!

[ailsagirl]

86. Wonderful!! Congrats Professor Krugman!!

:bounce:

[JNelson6563]

87. This is wonderful news!

Congratulations Mr. Krugman! :toast:

Julie

[PolyD]

91. Nobel Krugman

Glad to hear these news. Good news indeed! Thanks for the information!

[Jack Rabbit]

92. Congratulations, Dr. Krugman

!!

[Jack Rabbit]

93. . . . and take that, Frat Boy

!!

[FloridaJudy]

95. Woo-hoo!

One of Our Guys wins again. I see a place for him in the Obama Administration...

Well, I can dream, can't I?

[coffeenap]

96. YES!!!!!!!!!!!!!!!!!!!!!!

Best economics prize evah!

[wtmusic]

97. Fantastic. nt

[tosh]

99. Nobel Prizewinner Paul Krugman!! I like it.

[Beetwasher]

100. Well Deserved!!! Krugman Is SIMPLY THE BEST ECONOMIST AROUND!

I repeat the calls for a Krugman as Secretary of the Treasury!

[wryter2000]

102. EFFIN' awesome!

Saweet.

:bounce: :woohoo: :applause: :yourock:

[RamboLiberal]

103. Fantastic - Congratulations Professor Krugman

Well deserved. If only everyone read Krugman. Don't you hate the RW jerk pundits who didn't even finish college dissing the knowledgeable Professor Krugman as a leftist looney?

[Daphne08]

104. Congratulations!

:woohoo:

[scarface2004]

105. i m a big fan

read his times opinion always.

[gristy]

106. WOWWWW!!!!

Ho!!!! Hah!!!!!!!!!! Wow!!!!!. My exact words, shouted quite loudly, when I saw this headline at DU. This is so wonderful!!!!

:bounce::bounce::bounce::bounce::bounce::bounce::bounce::bounce::bounce::bounce::bounce::bounce::bounce:

[Lydia Leftcoast]

108. Wow, finally someone sensible!

:-)

[Oak2004]

114. Stiglitz was a sensible winner, too

No more Austrian and Chicago schools BS -- almost any economist not of that ilk is more qualified than the very best of them.

Of course Professor Krugman is far better than just any economist -- congratulations, Paul!

[Stargleamer]

133. as was George Akerlof n/t

[entanglement]

161. Harvard's Amurtya Sen too. (IIRC, his work was about famines - totally un-Chicago school)

:)

[LaPera]

115. Krugman is always right on the money, the best!

[johan helge]

116. Congratulations, Paul!

Sometimes these prizes make one happy!

The Bushies MUST feel a little stupid these days!

[katty]

117. congrats Paul!

[Hekate]

118. I am totally stoked. Congratulations, Professor Krugman!

For years I have seen him as a voice of sanity and clarity regarding economics. The Nobel Prize is a well-deserved honor.

Hekate

[VolcanoJen]

119. Congratulations, Paul!!!!!

This is fantastic news!!!

[McCamy Taylor]

122. Hot damn! This is great! And a stinging indictment of the Bush administration, too!

:loveya: Floaty hearts for Paul Krugman and the Nobel people!

[PatSeg]

123. How exciting!

What a nice Monday morning surprise!

[Hulk]

124. I'm sure the Nobel Academy "is some left wing liberal organization"

Denial is not just a river in Egypt. The right and this screwed up, ass backward administration will simply write it off as another "Michael Moore" adventure.

Truth hurts...and we'll just keep the sheeple in the dark on this one.

[jzodda]

125. Thats Great! This will drive Bill O Liely nuts

and I love it!

[KamaAina]

126. NBC "reported" this news as follows:

"A Princeton University professor has won the Nobel Prize for Economics. Paul Krugman won the prize for..." Nary a word about Krugman being a fellow member in good standing of the lib'rul media or anything. :eyes:

[goodgd_yall]

128. They're trying not to sound elitist

"Elitist" equalling "informed" in this case. How many low-information voters know who Paul Krugman is?

[goodgd_yall]

127. Congratulations for Paul

I really like him. I look forward to what he has to say on Keith's show.

[BanTheGOP]

131. A STUNNING REPUDIATION OF REPUBLICAN-PARTY SPONSORED CAPITALISM!!

This is a STUNNING repudiation of Republican Party-sponsored capitalism that shifts monies from the vast majority of people whom are poor to the elite rich, while the brunt of their productive efforts go for naught. We need to ensure the transformation of economies from that of the ogliarchy republican power base to that of the people.

The EASIEST way to achieve this feat is, simply, to BAN the republican party. AGAIN, the answer is OBVIOUS!

We can ban republicans by decreeing that the party does NOT stand for political discourse. But that definition, the Mafia can be called a political party (although the republican party DWARFS the shenanigans put out by all the syndicate criminal efforts COMBINED).

In extension, we can declare all contributions to the republican party as violations of the RICO act.

This CAN, and SHOULD BE DONE. Let's start to process this VERY NECESSARY STEP to ensuring TRUE democracy in the United States, in the process help to save this planet from utter destruction, 100% caused by the American Republican Party.

[potone]

132. Hooray!!!

I'm a big fan of his. This made my day!:bounce: :bounce: :bounce:

[BrklynLiberal]

134. Congratulations to Prof Paul Krugman. He deserves this recognition.

:applause: :applause: :applause: :applause: :applause: :applause: :applause: :applause: :applause: :applause: :applause:

[pleah]

136. Congratulations Mr. Krugman!

:applause:

[YvonneCa]

138. What wonderful news! I read his book, 'Conscience of a Liberal'...

...during the summer. He explains economic policy historically, and makes the case for the future. This is EXCELLENT news! I hope it will lead to greater consideration and respect for his policies. Congratulations to Paul Krugman.:patriot:

[ann_american2004]

139. YAY!

nt

[noiretextatique]

140. Congraulations, Dr. Krugman!!

:applause:

[grantcart]

142. Very nice

[Joanne98]

144. YAY! Congrats to Paul the greatest economist in the WORLD!

[Night_Nurse]

145. Krugman rocks! WTG!!! nt

[WhaTHellsgoingonhere]

146. A win for all consciencious liberals!!!

:bounce:

[Metta]

147. Mazel freaking tov. Glad he was recognized by someone other than Keith and Rachel.

:toast:

[Kalifornia.Kid]

148. Yay! - He's a Regular on MSNBC's Rachael Maddow Show ...

Kinda feel sorry for him when he doesn't beat Rachael in her "Talk Me Down" segments.

[LaPera]

149. And MSNBC Keith Olbermann's Countdown! (5 pm PT - 8 pm ET)

[loyalkydem]

150. IS this

the same guy who occasionally comes on Keith Olberman?

[ann_american2004]

152. TAKE THAT O'REILLY

with your silly Peabod-- oh wait. You didnt get one of those either, did you? LOser. LOL!!!

Congrats Paul Krugman!!

[tomhayes]

153. Love him - but he does look like.......

In all his TV appearances he does look a little scared, like he has just stolen something and before he could leave you start talking to him. :P

He just looks a little uncomfortable, but he speaks very well.

Congrats!

[ExPatLeftist]

155. Couldnt happen to a nicer and more deserving guy! n/t

[Frank Cannon]

170. He does do that, but he also has a great dry wit...

that is very funny.

I have always enjoyed his columns and TV appearances. This really couldn't have happened to a better guy.

[DrZeeLit]

156. Weirdly I felt such JOY when I heard this early today. A huge smile spread across my face...

what's up with that?

It's ECONOMICS... seriously, how could the Nobel Prize for Economics make me smile?

I feel like a mom whose son just won a blue ribbon at the Science Fair.

How cool is this for all us nerds?
I'm not a science nerd, I"m an English professor, but I understand.

Yippeee Paul, Yipppeee!



p.s. I have kept his "old" columns and groveled just a little -- he's been sooooo right about those idiots the Bushes.

[bbgrunt]

157. Congratulations! Now his basic econ text will become a legend!

[mascarax]

158. Congrats to Paul

He's the favorite economist in this household!

Looks like he maxed out on comments on this NY Times blog.

[90-percent]

159. Way to go Paul!

Americans deserve to choose leaders that are smart people that know what the fuck they are doing!

I'm sick and tired of this whole vaporware government mind fuck we've been living through for the last eight years.

America: Stop voting for the dry drunks you'd like to have a beer with and start electing people that are ultimately qualified for the positions they are running for!

America so needs a Professor of Constitutional Law in the White House right now! Somebody wise enough to appoint opposing viewpoints to hear all sides of the issue.

I hope there's a place for Paul in the Obama administration. The other picks don't have to have all the Nobles, but they better be good enough in their fields to deserve them!

-90% Jimmy

[MrModerate]

160. Krugman now has the official chit . . .

That qualifies him to call the party of stupid any names he wants, like "The Party of Stupid."

And to start sentences with "It's hard to get Nobel laureates to adopt Republican principles . . ."

And so on.

Take THAT, you spongiform-brained troglodyte twits!

(Of course, now they can accurately denigrate him as an elitist -- which I'm sure will break his heart.)

[MasonJar]

162. Thanks and congrats, Paul. You are a stellar columnist, a great addition

to the experience at Princeton and a fine American, who has stood tsll for what is right through all the wrong.

[fascisthunter]

163. so... what does Paul say about this Bailout?

PS - congrats to Krugman

[tbyg52]

166. Hooray! Wow! nt

[9thkvius]

167. Congrats, Prof. Krugman - you deserve it

Thanks for being the guy who not only taught me about economics, but made me care about it and want to learn more about it.

I spent most of my lunch today discussing Krugman with my father. Now my dad wants to borrow one of my Krugman books to read sometime.

[entanglement]

173. A solo award for Krugman w/o Dixit, Williamson, Bhagwati was probably intended to send a political

message. However, on the whole, Friedmanesque University of Chicago economists have won the Prize more often than people like Krugman.

[whistle]

174. Great, now can Paul Krugman get the U.S. economy back on track?

[nadinbrzezinski]

175. Contratulations to my favorite economist

[windoe]

177. Good for him, finally the recognition he deserves,

and such a long way from the early post patriot act days when FauxNews was accusing him of treason, when he was just telling the truth.

[BobTheSubgenius]

178. He is one of the writers whose pieces I read every time I see one.

[penguin7]

179. I saw Krugman and Kudlow on the same show

discussing the bailout.

There were in complete agreement with each other. Another person on the panel likened the bailout to giving heroin to a heroin addict. We have problems because credit is too cheap and so our solution is to make credit cheaper.

Krugman's only response is that doing something was better than doing nothing which is questionable at best.

Krugman maybe one of the more liberal talking heads, but he is sure wrong on this bailout.

It sure is better to do nothing than to transfer hundreds of billions of dollars upwards. WE are in serious danger of hyperinflation and it is economists like Krugman that are lighting the match and burning the dollar.

[Sunnyshine]

180. Go Krugman! Might this be a harbinger of great progress in the Oval Office? I Hope08.

We gotta get back to the future.

[Skittles]

181. My Man Paul

awesome :thumbsup:

[pork medley]

182. so it's not really a nobel prize, per se?

'The award, known as the Nobel Memorial Prize in Economic Sciences, is the last of the six Nobel prizes announced this year and is not one of the original Nobels. It was created in 1968 by the Swedish central bank in Nobel's memory.'

but rather a swedish central bank prize?

good for him, i guess, but it seems like kind of a phony award