As if we needed one more sign the world is coming to an end. Krugman is notable for defending bad government and attacking free markets. But apparently he’s worthy of the prize. Take for instance this quote:

The fact that we’re here celebrating Social Security shows some politicians’ promises are worth more than others. Social Security as it is currently constituted is very efficient. We’re talking about a system that really works quite well.

Or this one:

Those tax cuts, rather than the spending binge, are the primary cause of the (federal) deficit.

Of course, Tyler Cowen, who knows a lot more about this stuff than I do, thinks he actually deserves the ward.