Economics Nobel Prize For What? Who?

The Nobel Peace Prize for Economics makes no sense to me whatsoever. Paul Krugman? Oh you mean the liberal New York Times columnist who is always right and anyone who disagrees with him wrong? I will credit him with his intelligence and his insight on the concepts of economic free trade and the functions of economic geography. However is this an actual foundation for the Nobel Prize? But looking at an organization that gave Al "Can we make some money on global warming" Gore, I can see why they gave it to him. It is because of his writings in the liberal New York Times.

Let us look at what Donald Luskin wrote in National Review Online:

These days Krugman’s liberal agenda always takes precedence over economic principle. He has described himself as “an unabashed defender of the welfare state.” He has declared, “For me, Sweden of 1980 would be ideal.” He has called Barack Obama’s sweeping plan for socialized medicine “naïve” because it doesn’t contain enough mandates. He has said that “We should be getting 28% of GDP in [tax] revenue,” when the highest level ever collected, even in wartime, is less than 21 percent.
In 1999 Paul Krugman was paid $50,000 by Enron as a consultant on its “advisory board,” and that same year he wrote a glowing article about Enron for Fortune magazine. But he would change his tune. After Enron collapsed in 2001, Krugman wrote several columns excoriating the company. (One featured what may be the most absurd howler in the history of op-ed journalism: “I predict that in the years ahead Enron, not Sept. 11, will come to be seen as the greater turning point in U.S. society.”) In most of these columns Krugman worked hard to link Enron to the Bush administration, and in one he actually blamed Enron’s consultants for the company’s collapse — while neglecting to mention that he, too, had been an Enron consultant.

Oh well, selective memory is fine for the Nobel Prize. I have also noticed on many occasions his columns have really nothing to do with economics but drone on about the virtues of bigger government and how bad conservative economists are. But that is now the view of the Nobel Prizes. They are now somewhat meaningless and how they advocate peace is beyond me. Thus as an economist I will ignore the mention of this yearly prize and go about my own research which continues to advocate less government, elimination of taxes on all dividends, interest, capital gains and inheritances. Oh if you can't tell by now, Mr. Obama will do everything to raise your taxes middle class or not. That is why I am voting for McCain and Palin.