Nobel Krugman.

I’ve been reading Paul Krugman‘s New York Times’ pieces for years. Many of my earlier thoughts on the residential real estate bubble (way back in 2004) were informed by him. In fact, he’s become my favorite columnist these past few years, and I always look for a chance to procrastinate by reading him. No other columnist offers the decisive, clear-headed, and honest writing that he does. Further, no other economist, in my mind, has more publicly called attention to the lacunae in American economic policy.
Today, he wins the Nobel. Or, more accurately, he received the The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2008, not for his columns but for his contributions to understanding economic models and market behavior. Congratulations, Mr. Krugman. It is supremely deserved.