I don’t often read Paul Krugman but because the NYT was hyping his new column as the most emailed I had to see what was going on. He begins by trashing the S&P for its downgrading of U.S. debt, comparing the rating agency with “young man who kills his parents, then pleads for mercy because he’s an orphan.” Krugman seems to regard the down-rating as the sin that cries out to heaven for vengeance. And why? Because S&P had given Lehman Bros.

Why is real, free-market growth so hated by the political classes?

Because they can’t find jobs, 85 percent of college grads move back in with their parents after they graduate.