Lest anyone get any ideas that I have started supporting Krugman's ideas for the economy, please note this from pg 177, post 3526 in this thread
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five Nobel Prize winners Gary Becker, James Buchanan, Robert Mundell, Edward Prescott, and Vernon Smith. The economists explain why Barack Obama's proposals, including "misguided tax hikes," would "decrease the number of jobs in America." The prospects of such tax rate increases under Barack Obama are already harming the economy. The economists conclude that "Barack Obama's economic proposals are wrong for the American economy." The proposals "defy both economic reason and economic experience."
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How Krugman could write on Ricardo and, through peer-reviewed research, support free trade AND then support Obama's positions is hard to take. In any case, I'll side with the 5 Nobel winners above to 1 Paul Krugman.
GF