Paul Krugman Wins Economics Nobel

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Libs listen to guys like this and Cons listen to Glen Beck and O'Reilly. Though I have to say though I'm not sure there's a nobel for smarminess if there was certainly those two would win and that's just like knowledge right? (Cons: that was a rhetorical question)

Krugman, that elitist starbucks lette drinking NOBEL LAUREATE !

Weasel Krugman is proof the Nobel is a joke.

nobel prize just lost all crredibility.. personally, I thought they lost it with Al Gore. I wonder why Nader never acheived a Nobel prize... conservatives like Glenn Beck and Ron Paul, Lew Rockwell, not O'Reilly.. O'Reilly, Hannity, Rush are propegandists..or smoke and mirrors...the arguments they make are not conservative...the conservatives are listening to Christian Radio and TV and getting their own propeganda about the left.

You appear to attack Krugman on personal grounds. Do you really know Krugman's coffee drinking taste, and even if you do, how exactly is that relevant to anything? If one drink Starbuck's, one is automatically an elitist?

Are you sure you want to equate Krugman with Glen Beck or Bill O'Reilly? That seems a bit of a stretch.

Maybe you disagree with Krugman's support of federal intervention in the financial crisis?

And the feds are wrong, because first, the federal reserve bank is a private bank and it's fiat money system, built on debt (debt = money) created this mess. They created it and they prioffited off Americans labor, who IRS is the federal reserve bank... none the less

second, tax payers didn't create this and are being blamed. What was on the market? Here is CA, we didn't build small homes for families..no one or two bedroom homes.. all the hundreds of thousands of homes were HUGE, built out in BFE, gas was cheap.. did the tax payer do this? NO it was a set up between govt and corporations to rob the poor and the tax payer.

Third. I'm NOT going to blame Americans becasue WE ARE BEING ROBBED. This is why Bush was not impeached, this is the payoff...look how many representatives have dirt on their hands. Look at the money McCain and Obama took from Freddie Mac and Fannie Mae.. Americans got hurt HURT and more are huerting 700 forclosures a day. Everything being tossed out...like a man man tornado, but the house remains, thousands of these HUGE HUGE houses...all under a Democrat led state.

Krugman gives these government and corporate crooks a cover. Slap a Nobel prise on it for credibility.

If youre a conservative and enjoyed employing the Noble prize as a reference... you'll lose your credibility.

Paul Krugman is relevant in an age where the lay person such as myself devolve into less intellectual concerns. His is a stake in what happens to you. He does give credence to what you are served. Read the man.

Just stop.

My point is that Cons moronically dismiss Krugman simply because he works for the NYT (as that makes him a liberal elitest etc etc etc) which instantly disqualifies him, in their eyes, from being listened to. Instead, they moronically listen to smarmy right wing talk show hosts as if smarminess is a substitute for knowledge

I have read and watched the man. Fiscal conservatives are sick about it. Socialists are celebrating.

Yeah, that theory on "the effects of economies of scale on trade patterns and on the location of economic activity.” is just such a joke!

Glen beck is much better. I'm sure he's got his own theories on "the effects of economies of scale on trade patterns and on the location of economic activity.” that he developed not from some ivy latte sipping tower but from drinking beers with real people in the heartland (well not really, I believe Beck is a recovering alcoholic)

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Mr. Krugman received the award for his work on international trade and economic geography. In particular, the prize committee lauded his work for “having shown the effects of economies of scale on trade patterns and on the location of economic activity.” He has developed models that explain observed patterns of trade between countries, as well as what goods are produced where and why. Traditional trade theory assumes that countries are different and will exchange different kinds of goods with each other; Mr. Krugman’s theories have explained why worldwide trade is dominated by a few countries that are similar to each other, and why some countries might import the same kinds of goods that it exports.

but they don't like him because they dissagree with his backing a fiat money system where debt = money

I'm not sure that federal intervention is the same thing as blaming the public for the financial crisis. As near as I can tell, the public had little to do with the accumulation of debt on the books of banks of all stripes, and on the books of the largest corporations.

From my perspective, the credit freeze reflects private capital's inability/unwillingness to pay off it's debts. The price the public pays is reflected in the decline in the stock markets, and the market values ties to 401ks. In addition, the "real" economy is effected by declining employment and consumer demand as operational credit becomes unavailable. Therefore, intervention is necessary.

There is an upside to this: repudiation of supply side economic theory which has plaqued Americans for 30 years, and a reinvigorated acceptance of the use of federal resources to shape our economy (this was never really in doubt.)

Put simply, do you trust private enterprise or federal power to restructure the economy?

You give them far to much credit. Sure, there is the "intellectual" wing of the party that most of them have nothing to do with that (in particular the ones who listen to Rush, O'Reilly, Beck et. al.)

It's like asking me, "Do you want a bullet in the forehead or a bullet in the back of the head with a blindfold?"

The job of the constitution was to protect my rights to protect myself. Now I'm being asked two give my trust between two groups who insisted they had a sytem of checks and balannces between them (in robbing US) as both abused power and trust.

Is this change to believe in?

We need a currancy that actually means something.. at this rate cigeretts will be worth more than money.

isn't it funny how that shoe fits both parties feet?