Driving home I was searching for signs of locusts. I asked colleagues for a copy of the Bible. Reading Revelations seemed very important. Why? Mickey Wu (Econ Prof at Coe) got something right. Over ten years ago he said Paul Krugman will be a Nobel Laureate. Krugman is one of the most famous economists due to his twice weekly column in the NY Times. (A must read for me.) The Times archives all of his work for free. Back in 2004 Krugman started ringing the bells for the crisis we are now in. Largely he was ignored. Why? He’s a liberal. Republicans running the show back then weren’t about to take advice from a liberal economist.
Anyhow, Krugman is great. I’ve always wanted to see him in the action rather than simply commenting on it. If Obama wins I hope he appoints Krugman Secretary of the Treasury or Chief of his Council of Economic Advisors – A formally prestigious post that attracted Gregory Mankiw to accept under George W. Bush. When Mankiw realized that the White House didn’t want serious economic advice he quit.
Anyhow, it’s worth repeating: Wu is right. Don't allow the children to play outside...
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