babble is rabble.ca's discussion board but it's much more than that: it's an online community for folks who just won't shut up. It's a place to tell each other — and the world — what's up with our work and campaigns.
Paul Krugman wins Nobel in economics
October 14, 2008 - 4:46am
Topic: Paul Krugman wins Economics Nobel
George Victor
rabble-rouser
Babbler # 14683
posted 13 October 2008 05:04 AM
--------------------------------------------------------------------------------
Sanity prevails among Nobel prize committee members (with a probable assist from international financial collapse).
--------------------------------------------------------------------------------
From: Cambridge, ON | Registered: Oct 2007
----------------------------------------------
Good to see interest in economics again. The Oct. 13 posting of the Krugman win was aimed at stimulating that...but more than a quoting of academic sources.
Krugman's The Great Unraveling: Losing Our Way in the New Century (2003) included an interesting chapter on Canada's successful use(up to then) of a floating exchange rate, which he heartily endorsed.
What would he say in the face of the distortions to the dollar caused by the sale of oil and natural gas and other commodities in the bubble atmosphere for commodities in the past few years.
And now the subsequent collapse? What thoughts on such volatility for an export manufacturing base?
[ 15 October 2008: Message edited by: George Victor ]
ALso, loved Krugman's books. [img]tongue.gif" border="0[/img]
(I still think in general it is better for countries to insulate their economies against speculative excess. [img]tongue.gif" border="0[/img] )
An economistic reply. But what would you tell "Steve" and his Oil Patch [img]biggrin.gif" border="0[/img] You are not the one hesitant to call the Canadian dollar petro currency by any chance?
(and what are these [img]tongue.gif" border="0[/img] [img]tongue.gif" border="0[/img] all about in your post above??)
[ 14 October 2008: Message edited by: George Victor ]
So, folks, can we consider the implications of this "pedestrian stuff" - or any other stuff from economic thought - to some sort of conclusions? For political consideration by the intellectuals setting out to save Canadians from themselves?
Or is this bit of chatter to end on this bit of news from Nobel and it's on to the next news bite?