I don’t understand how people can “pay” for divorce, esp the trauma and financial nightmare for kids, etc. However, There are reports that people are postponing divorce because of the economy.
BTW, I just found this flashback gem from Krugman (at least one economist smarter than Piggs), who predicted the San Diego bubble in Aug 2005, at the height of the bubble. [I told marketwatch.com econ professor same thing in 2005 and was told all markets are local!] Maybe this reporter should had read the Krugman article in his own darn paper!
