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The “Shrill One” Wins Nobel

The BBC reports Krugman wins Nobel for economics

American academic Paul Krugman has won this year’s Nobel economics prize, it has been announced.

The Royal Swedish Academy of Sciences said the award recognised his analysis of trade patterns and where economic activity takes place.

It said Prof Krugman, 55, who teaches at Princeton University, had formulated new theories that answered questions about free trade and globalisation.

You think they might listen to him now?  Of course not, he doesn’t agree with their prejudices.

What will he invest the $1.4 million in?

Congratulations, Dr. Krugman.

9 comments

1 Kryten42 { 10.13.08 at 11:50 am }

Well done and congratulations to Prof Krugman. 🙂

It might be inferred that The Royal Swedish Academy of Sciences is not a big fan of the Bushmoron or his sycophants. 😉 LOL

One thing I do find curious (but wholy unsurprising), is that virtually all of the International press I’ve looked at refers to him by his proper title Prof (or Professor) Krugma, whilst much of the US press refers to him as Paul Krugman or columnist Krugman, etc. Ignorance, tall poppy syndrome and sour grapes are alive and well there I see. 🙂

ABC News: ‘Columnist Paul Krugman Wins Nobel Prize’
MSNBC: ‘American Paul Krugman wins Nobel’

It’s very amusing! LOL It’s no wonder many Americans have little respect for others, they don’t seem to have any respect for themselves or their own.

*shrug*

2 Badtux { 10.13.08 at 12:32 pm }

Congrats to Dr. Krugman. His column and blog have been “must reads” for me these past few weeks. Glad to see other people appreciate him too :-).

– Badtux the Monetary Penguin

3 Bryan { 10.13.08 at 12:50 pm }

We don’t normally use academic titles outside of the “academy” in the US. Dr. Krugman would be the polite form, as he has a PhD. I would have felt very odd if someone referred to me as “Professor Dumka” after I stopped teaching, but then, I was in the technologies. Americans are odd about titles – we de-emphasize US titles, and over-emphasize foreign titles.

I did notice that the headline at MSNBC referred to him as “Liberal” Krugman, which was definitely strange, as there is no room for politics in the modeling that is the basis for the prize.

Roubini and Krugman have been calling this mess correctly for a long time, Badtux, so they are the ‘go-to guys’ on analysis. Screw the politics, “What works?” is the only important question. The people who understand the problem are in a much better position to understand the solution.

4 Michael { 10.13.08 at 8:25 pm }

If I were him, I think I’d put that $1.4 mil in gold–and shove the gold in a Swiss vault.

5 Bryan { 10.13.08 at 9:04 pm }

I know I wouldn’t be rushing to convert it to dollars from Krona until things shake out a little more. The rates on savings accounts in Europe are much better than US accounts, so leaving it in an interest bearing account in the Swedish Royal Bank wouldn’t be a bad idea. Gold and diamonds are always good ways of storing money and you can get gold certificates that include the storage for a reasonable fee that is lower than the Swiss bank charge. I might do Switzerland because I’m Swiss enough through a grandfather to qualify for citizenship, and that would make it safer for me personally.

You could cover the whole amount with one good diamond, but that is too easy to lose or be stolen, whereas gold is difficult to transport.

6 hipparchia { 10.15.08 at 12:18 am }

the $1.4 million? probably after buying a few weeks worth of food, and maybe enough gas to drive home, he might have enough left over to finish paying off his mortgage. 😈

seriously though, this couldn’t have happened to a more deserving guy.

7 Bryan { 10.15.08 at 10:59 am }

I’d like to know if he thinks anything is worth investing in at the moment, because I don’t see anything that doesn’t require billions to get a profit.

8 hipparchia { 10.15.08 at 6:56 pm }

yep. looks like warren buffet’s got a clear field, being just about the only one left with enough money to invest in anything.

9 Bryan { 10.15.08 at 7:40 pm }

He’s the only one with the in-depth knowledge to know who he can squeeze for a profit. He’s now the world’s richest man because the others lost so much in the market.