My two favourite economics blogs are facing off. In a Freakonomics post, Justin Wolfers shamelessly ripped off The New Yorker’s cartoon caption contest and asked readers to submit their preferred caption for a Bush/Krugman photo in the White House. Shortly afterward, Tyler Cowen challenged his Marginal Revolution readers to come up with better ideas. Then Wolfers made the rivalry official with this post. It included an offer for a side bet and a killer announcement: we have a very special guest judge: Nobel Laureate Paul Krugman has agreed to pick the winning entry.
I wonder whether they asked President George Bush as well. Whose ego would have given up when determining the best caption winner? I am so excited I will not drink any more coffee today.
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