I didn't see any "tip of the hat to TOD" there, but it did seem like a direct response to our criticism last week. So here's a tip of the hat back to Krugman! He may not be quite ready to throw in the towel on economics, but at least he "gets it," not just with oil but food and commodities and resource exploitation in general. If you think about it, given what the rest of the MSM is on about these days, he's staked out a pretty bold position here.

Yeah, well, he "gets it", but this is like 30 years to late . . .