Splendidly vitriolic discussion of the various entries for the Wolfson Prize on how a country could leave the euro.
We also get a Nobel Laureate recommending my approach to Ritchie:
To paraphrase Krugman, most economists cannot believe that those who write about EZ breakup could be ignorant of basic economics. But many are. Most of their readers are equally innocent of economics, so we cannot rely on market selection to sort out the chaff.
The upside, Krugman notes, is that “it is remarkably easy to make fools of your opponents, catching them in elementary errors of logic and fact. This is playing dirty, and I advocate it strongly.”