Nobel prize-winning economist and New York Times columnist Paul Krugman did some research before a visit to Canada, and found disquieting signs. His conclusion: I’m not making any predictions here, just noting that if we go beyond banking to ask about household balance sheets and risks thereto, things up north bear watching. Hint: Read the comments, too. Hat tip: Tim Bousquet...

Liberal economist Paul Krugman is fielding questions in a live chat on the New Yorker website, in connection with a profile of him in the current issue. On the subject of the inherent inefficiency of government: [G]overnment isn't nearly as bad -- or the private sector nearly as good -- as it's often portrayed. I know I lot of very good, very hard-working government employees; and while I don't work for a large corporation, I do read Dilbert. ...