Karl Marx

Beard Economics: Paul Krugman in the Right

Earlier today I stumbled (by way of Riss and by @weareyourfek) on a Village Voice blog post (Shots Fired: New York Times Columnists Andrew Ross Sorkin and Paul Krugman's Beef Officially Cooked) which dissects a recent (and now ongoing) beef between New York Times staffers Andrew Ross Sorkin and Paul Krugman... the topic was nationalization of our banks... *yawn* we don't dive into politics as a priority at B-a-B (that's why Riss and I get along so well), but we wanted to throw our hat into the debate.

The post goes on to describe the many and various shots fired from each camp, the supporting articles, countering experts, and a bunch of other financial and journalistic yadda yadda yadda jargon... for us though, the question is not whether Andrew mischaracterized Dr. Doom's (NYU's Nouriel Roubini) words, nor is it about what's the right move for the economy (though everyone should read: Hairy economy trend: Beards are back)... the question is simple:

BEARD, or NO BEARD

And the answer is even simpler!

GO BEARD, or GO HOME

We don't need to read articles upon articles, tap experts, talk about finance, examine global economy or even understand the Swede model for bank nationalization, to figure out at the end that Krugman is in the right (sorry for the spoiler)... Not only is he the bearded party in this spat, but he's a Nobel (another beardo FYI... though Karl Marx was too...) prize-winning economist for crying out loud!