Monday, October 13, 2008

Well deserved

Paul Krugman, who has been ringing the alarm for the last several years about how basing an entire economy on everyone borrowing money from the Chinese to sell houses to each other might not be a great plan, has just won the Nobel prize for economics.

For a dark little chuckle, here's a right wing rodeo clown in 2005 mocking him for his transparently silly concerns about the housing bubble popping, which clearly are just a symptom of his irrational hatred of Bush.

The wheel turns...

UPDATE Oct 20: Those unethical douches at Powerline are literally moving the article around to frustrate those inking to an example of them humiliatingly being wrong about something. Here's the new location. Let's see how long it lasts there. The next step will be for them to slip it down the memory hole altogether.

4 comments:

Mike said...

I'm a bit of a purist, but you ought to know that the so-called "Nobel Prize" in economics isn't really a Nobel Prize at all - it has no relation whatsoever to the Peace Prize or the Literature Prize. John at Dymaxions World rightly calls it the "fake" Nobel.

Some bank in Sweden just used the name of Nobel to ride the catchet...

Cliff said...

Still if anyone should get that cachet for services to the dismal science - Krugman would be at the top of my list. At the very least for striving to make it a little less dismal.

Keith said...

Just wanted to point out that the link included does not seem to go to the correct article. Although it's hard to tell with all the ranting about Krugman at that site.

http://www.powerlineblog.com/archives/2005/08/011131.php

Cliff said...

That would be them deliberately moving the article around. Not only embarrassingly wrong when it counted but also unethical douches. It's really hard to not feel a little smug about the no good, very bad awful day coming for them in a couple weeks.

Here's the new location of the Krugman piece - until they move it again.

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