Paul Krugman on Joseph Stieglitz:
But the larger story is the absence of a progressive-economist wing. A lot of people supported Obama over Clinton in the primaries because they thought Clinton would bring back the Rubin team; and what Obama has done is ... bring back the Rubin team.
Joe Stiglitz stands out because in addition to being on the progressive wing, he's also, as I said, a giant among academic economists. But I think the real story is more about excluded points of view than excluded people.
A lot of people supported Obama over Clinton in the primaries because they thought Clinton would bring back the Rubin team; and what Obama has done is ... bring back the Rubin team.
And now they've restarted partying like this is 2005... Europeans think a hundred miles is a long way. Americans think a hundred years is a long time.