Paul Krugman was one of the main cheerleaders of blowing a housing bubble after the dotcom bust:http://blog.mises.org/archives/010153.aspThe busting housing bubble has been probably the most significant factor in this entire economic bust.I fail to see how this individual is granted a Nobel Prize in economics when is consistently wrongheaded in his analysis and his overall prescriptions boil down to "the government should borrow, print and spend more money."Keynesianism and monetary printing are the two major economic failures of our time, and fools like Krugman utterly fail to grasp this, probably because they have such an emotional tie to the ideas that have brought them such state-sponsored celebrity.The next bubble to bust is that associated with the zealously-held belief that government borrowing, printing and insane spending is somehow a boost to the REAL economy (by real economy I mean free, peaceful, decent people as opposed to cronies of those in power who are able to disburse the loot).