Monday, October 13, 2008

Paul Krugman

Here's Paul Krugman's August 8, 2005 column on what he worried was a looming housing crisis: That Hissing Sound.

Here's a blog posting from the same day in 2005, written by John Hinderaker, a fellow at the Claremont Institute who writes for the National Review, in which he openly mocks Krugman's contention that there was a housing bubble and a crisis at the horizon: That Hissing Sound is Krugman.

Can you guess which one of the two of these guys just won the Nobel Prize for Economics?

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