Monday, October 13, 2008

More about Krugman

What does the Krugman prize mean?

Probably not much, but along with the current crisis, the anointment of Krugman, the popularity of Obama, the growth of progressive groups, and the unpopularity of Republican and DLC "Let the market handle it" facile truisms could be a symbolic tipping point. I think we're seeing, finally, a moment of relative honesty about our "system."

Will historians look back at this and see it as a historic shift? Nothing is written in stone, but events are converging...

I'm keeping my eyes open and my fingers crossed. This could be the end of the free market myth birthed and promoted by von Hayek, Friedman et al.