David Miliband

Foreign Secretary

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Tuesday 14 October, 2008

Paul Krugman, Nobel Laureate

I have never met Paul Krugman but it is said that he has been a sure fire bet for a Nobel Prize for over twenty years, as the most brilliant economist of his generation.  Since that life, he has turned to journalism - his essay in the New York Times on Monday on the brilliance of the Brown/Darling economic stabilisation plan shows just how good he is.

Posted at 10:45 14 October 2008 by David Miliband  |  Comments[9]

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Your total independence of thought on this subject is an object lesson to us , Foreign Secretary. The world must read your blog with awe!

Posted by Mike Reynolds on October 14, 2008 at 12:22 PM BST #

Why do we have to have taxes spent on a party political blog? Surely this is against party funding rules? Also, I do not agree that the bailout / "economic stabilisation plan" is brilliant.

Posted by Jon Carter on October 14, 2008 at 01:18 PM BST #

Sorry David, but this is a totally inappropriate posting from this site and an abuse of taxpayer funder resources. It's fine for this stuff to be on the Labour Party website or Labourhome for example but not here. And another thing, we won't know if this plan is brilliant until we know what it's achieved. It's a bit early for this sort of triumphalism, especially whilst there is real misery and uncertainty out here on the street.

Posted by Steve Garner on October 14, 2008 at 01:21 PM BST #

shouldn't that be vince cable named in the new york times then. what, he was only pleading at a closed ear for months to nationalise northern rock. that piece in the nytimes commends gordon brown on his swift course of action. obviously nobodies told the writer about the long, agonisingly drawn out months and entirely pointless wait for GB to eventually get on with the thing VC saw from the get go.

Posted by sarahsmith232 on October 14, 2008 at 03:05 PM BST #

Krugman should really have congratulated the Swedish Central bank crica 1992 as essentially "Brown/Darling economic stabilisation plan" is a direct rip-off of the plan they enacted. I think in the cold light of day when our taxes have gone up, public spending has been cut and people are aware of the level of public debt that is a legacy of Brown/Darling, a debt that will have to be repaid by ourselves and our children; thinkgs won't look quite so rosy for Labour.

Posted by Mike on October 14, 2008 at 03:54 PM BST #

You were the future once.

Posted by Guido Fawkes on October 14, 2008 at 06:02 PM BST #

First, I like the idea that there is a site where People from all over the world can come and communicate with the british government. I don't agree that it is a waste of the tax payers money at all. its unfortunate that it is moderated because someone could write something that is true but could harm the government and then that post might not get posted and democracy would suffer. We have something like that here in Ontario... see TVO.org/The Agenda/your agenda basically, anyone can write anything even, i would presume, government toppling things. its a really good but under used and sometimes abused but maybe thats the price you pay service.

Posted by Steve Mc. on October 15, 2008 at 12:31 AM BST #

Second. I'll have to read mr. krugers article but here is what i am wondering....now that the British banking system has been 'nationalized' and the British tax payer is a 'major share holder' does this mean that profits from the banks will go to the tax payer in the form of a monthly pay check? or will the British taxpayer see a reduction in tax as the profits from the banks that they now own go to social programs that British citizens want such as health care, or public transportation subsides, etc.?

Posted by Steve Mc, (Canada) on October 15, 2008 at 12:37 AM BST #

I agree with David on this.

Posted by M on October 15, 2008 at 11:26 AM BST #

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