Can I Have Paul Krugman’s Nobel Prize?

Nobel Prize winning economist Paul Krugman was on George Stephanopoulos’ show this past week doing a round table.? He made a lot of points about how politicos are blowing the deficit out of proportion.? And made the comment that other countries and the U.S. had come out of situations like this in the past.

For instance:

Now, the market has been wrong. But, then if you do the arithmetic, these numbers look huge. The American economy is huge. The debt burden, even after five years, is going to be well below as a share of GDP well below levels that lots of industrial countries have reached in the past, including ourselves after World War II, when we were able to handle that just fine.

The problem with this comparison is that after World War II the United States was one of the last industrialized, first-world nations that had not had its infrastructure bombed to hell.? We were one of the only major manufacturing countries left standing on the face of the planet.? Exports were massive, and our economy boomed.? That won’t happen this go around in a global economy all fighting for a piece of the pie after the world wide recession.

So I feel like it is only appropriate that Krugman share his Nobel Prize with me since he had not recognized this point.

I would like to thank the committee…

-nick