Drs. Thomas Sargent and Christopher Sims were awarded the Nobel Prize in Economics last week for their work in macroeconomics. In summary, they won the award for saying that John Maynard Keynes, and Nobel Prize winners Paul Krugman and Barack Obama were wrong.
No word from Dr. Krugman on whether or not he plans on giving back his prize. President Obama got his, like the lil medstudent got his soccer trophy, just for showing up.
Congratulations to Sargent and Sims.
Dr. J. would like to take this opportunity nominate Dr. Art Laffer and Pete DuPont for the 2012 prize…