this post was submitted on 09 Dec 2025
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Krugman is a worthless hack. Sensational headline with implicit endorsement of prohibition is a prime example.
Edit about the "nobel": Everybody who's talking about this "nobel prize". There is no nobel prize in econ. It's a phony award made up by bankers. That's how pathetic the pseudo-science of economics is. They need to make up their own fake awards for relevancy. So please don't tout the phony awards of this pseudo-scientists. I could make up an award for flat earthers but that wouldn't legitimize flat earthism.
(And even if there were a nobel for econ... Who cares about awards if the underlying "science" is still trash?)
Here's one of the best traders talking about the same issue:
https://invidious.nerdvpn.de/watch?v=bMK8ct6ybjQ&t=1918
It's eloquent and funny at the same time.
I included a timestamp to jump (almost) directly to the most relevant bit (also 33m, but 31m sets up a better context for an extra 2min of time compared to going directly to the 33m mark). But the whole video is worth watching.
Yes, Krugman is a hack.