Kewl news on Obama economic advisors

Not only is Paul Krugman on the team of people advising the President-elect, but Joseph Stiglitz was asked to be part of Obama’s Administration (Stiglitz declined, saying “I’ve gone beyond the age where I would want to be in Washington full time”), meaning that Obama takes the advice of both men quite seriously.
Krugman had to correct the NY Times for saying that no one saw the housing crisis coming.  He did, so did Dean Baker and the blog Calculated Risk. As the Economist puts it, Krugman “
was, in many ways, the first economics blogger.” Stiglitz wrote about the cost of the Iraq War ultimately costing the US about $3 Trillion.

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