Best post on Paul Krugman recieving the Nobel prize for economics

By Russell Roberts at Cafe Hayek:

I've talked to a number of people who are depressed and angry at Krugman's prize.

For me, it is just another reminder that those of us who believe in liberty are in for a long time in the intellectual wilderness. Today's intellectual climate is a taste of what it must have been like to believe in liberty in 1933, or what it must have been like to be Milton Friedman in say, 1962.

When Al Gore received the Nobel Peace prize I knew that the Academy had tossed political objectivity and credibility out the window.