Paul Krugman: his Nobel Prize is an indictment of Bush and McCain's casino economics

Everyone expected a strong political message from Oslo for the Nobel Peace Prize and we got a honest and rather uncontroversial Finnish peace broker as a laureate.
Politics however seems to be the name of the game for the selection of the Nobel Prize for Economics. And politics is definitely not a dirty word. By choosing Paul Krugman, the leading basher of neoconservatism and of Bushist economics the Stockholm jurors have sent a very strong signal to the U.S….and to the rest of the world.
A professor at the prestigious Princeton University Paul Krugman is a respected economist in academic circles but he is also one of the most active opinion leaders in "liberal America".
“Liberalism” is back in fashion across the Atlantic, not only because two Bush administrations have exhausted the conservative capital by linking it to violations of the Constitution and of basic tenets of international law, but also because Paul Krugman had been warning everyone about the impending financial crash and the crass anti-social economic policies of the Republican Party.
If Obama wins the presidency this is the kind of committed intellectual that should be put at the top of a key economic committee in order to guide the U.S. back to sanity and decency.
Paul Krugman could also provide disoriented European social-democrats with real guidance, away from the rust belt of the past and from the fake Blairist and Third Way modernism.
It is time to read The Conscience of a Liberal, reminding everyone in Europe that the epithet “liberal” in the US designates progressives, concerned with the common good and are the antithesis to Europeans libéraux.
The final words of the introduction to this book is crystal clear: "What should the new (Democratic) majority do? My answer is that it should, for the nation’s sake, pursue an unabashedly liberal program of expanding the social safety net and reducing inequality – a new New Deal”.
With people like this a new transatlantic progressive link really makes sense.