Paul Krugman’s Economics of Nostalgia

Economist Paul Krugman's recent column idealizes the American glory days of Twinkies and Buicks, ignoring the global forces that made them possible.

Last week, regular New York Times columnist and Nobel Prize-winning economist Paul Krugman expressed nostalgia for the economic condition of the United States in the 1950s in a column titled "The Twinkie Manifesto."