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Heritage Foundation Praises Paul Krugman
Posted by: Jon Henke on Thursday, May 01, 2008

The Heritage Foundation's Foundry blog quotes and praises Paul Krugman on a policy issue. Yes, really.

Visiting Heritage scholar Wendell Cox has a new paper out titled “How Smart Growth Exacerbated the International Financial Crisis” in which he praises New York Times columnist Paul Krugman’s prescience on diagnosing the role of land use regulation in driving the housing bubble.

[Insert comment about an alternate blogosphere where Spock has a beard]

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I notice they conveniently leave off the comparative date(s) on which Krugman said this as opposed to when others said it. Also, I don’t really do urban planning and/or urban policy, but I remember having read discussions about the effect on housing prices in places like Portland, WA, Seattle, WA, and Vail, CO (I believe, although it may have been Aspen) much earlier than Krugman’s 2005 piece.

OTOH, it amusing to see that, like a blind pig, even Krugman finds an acorn now and then.

Written By: JorgXMcKie
URL: http://

I have heard from several Economist that they respect Krugmans work in the narrow field of macro economics. They just think he is whacky on his political views. It’s sort of like Chomsky, the guy is a total marxist tool, but in his own field of linguistics he is one of the foremost academics.

This just goes to prove Socrates’ argument. People who gain mastery of their own field then think that they are superior enough to try their hand at politics and tell others what to do, but they are mistaken.

Written By: kyleN
URL: http://impudent.blognation.us/blog

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