Paul Krugman Wins Nobel Prize in Economics

I just love this man. It was announced this morning that Paul Krugman, a Princeton professor and New York Times columnist, won the Nobel Prize in Economics...alone! He won "for his analysis of trade patterns and location of economic activity" according to the Nobel Prize website. He really is the smartest man around when it comes to economics and the mess we're in now. The announcement was in Yahoo biz news. You can also view the announcement at Nobel Prize dot Org

Krugman has been a harsh critic of the Bush administration and the Republican Party in The New York Times, where he writes a regular column and has a blog called "Conscience of a Liberal."

He has come out forcefully against John McCain during the economic meltdown, saying the Republican candidate is "more frightening now than he was a few weeks ago" and earlier that the GOP has become "the party of stupid."

The 55-year-old American economist was the lone of winner of the 10 million kronor ($1.4 million) award and the latest in a string of American researchers to be honored. It was only the second time since 2000 that a single laureate won the prize, which is typically shared by two or three researchers.

This bodes well for America. Mr. Krugman is also the author of many textbooks on macro/micro economics and one of his best books is The Conscience of a Liberal. You can find that book at your local book store or Amazon.com. It's a great book. Mr. Krugman also has a blog of the same name in the New York Times.