Monday, October 13, 2008

Krugman wins Nobel


NY Times columnist Paul Krugman won the Nobel economic prize today.

In his honor, here is an excerpt from his column on September 14, 2001:

"Ghastly as it may seem to say this, the terror attack—like the original 'day of infamy' which brought an end to the Great Depression—could even do some economic good. [...] the driving force behind the economic slowdown has been a plunge in business investment. Now, all of a sudden, we need some new office buildings."