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      From the Wall Street Journal: China's economic plan these days reads like a massive security plan. Food security. Energy security. Raw materials security. Supply chain security. Data and tech security. Behind the security obsession is a fundamentally changed relationship w/US https://t.co/1gvtF2DwLG via @WSJ — Lingling Wei 魏玲灵 (@Lingling_Wei) January 13 […]
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“The Shrill One” wins Nobel in Economics. Congratulations, Paul!

From the NYTimes:

Paul Krugman, a professor at Princeton University and an Op-Ed columnist for The New York Times, was awarded the Nobel Memorial Prize in Economic Sciences on Monday….

Mr. Krugman received the award for his work on international trade and economic geography. In particular, the prize committee lauded his work for “having shown the effects of economies of scale on trade patterns and on the location of economic activity.” He has developed models that explain observed patterns of trade between countries, as well as what goods are produced where and why. Traditional trade theory assumes that countries are different and will exchange different kinds of goods with each other; Mr. Krugman’s theories have explained why worldwide trade is dominated by a few countries that are similar to each other, and why some countries might import the same kinds of goods that it exports.

Well. I’m going to have to read his dissertation now.  Or not.  They don’t call Economics the “Dismal Science” for nothing. Can we assume the Nobel Committee is signaling that Uncle Miltie Friedman and his Chigago style economics aren’t as popular as they used to be?

We’ve had our differences with Paul lately but they have been relatively minor.  On the other hand, Princeton is fully in the grips of Obamamania.  Signs are littering too many yards.  Still, I think Paul only tepidly supports him.  (maybe)

Anyway, it’s a time to celebrate.  This calls for beers all around at The Triumph Brewery on Nassau Street.  Just let me know when, Paul.

Not too shabby for a Liberal.