Academics on fixin' the crisis, prizes, realists/fundamentalists, and official statistics.

Academics actually get their voices heard in regards to rescue plans. It took them a while to realize that everyone thinks the focus should be on recapitalization.

Tim Hartford muses on Nobel prizes, and other prizes ('tis the season, after all).

Arnold Kling picks a nit about Paul Romer's piece on economic realists and fundamentalists. The Romer piece seems right on track in theory, but Kling disagrees that realists agree on the bailout plan.

I mentioned, before, the defense of BLS numbers--many people don't seem to believe them, apparently. Shadowstats responds.