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| Image via Steve Lovelace. |
We were speculating about whether bold defender of the 1% Gregory Mankiw actually belongs to the 1%. Looks like the answer may be yes and no. Krugman, via Atrios:
Cengage Learning Inc. filed for bankruptcy protection more than five years after a buyout led by Apax Partners LLP left the textbook publisher with about $5.8 billion in debt.
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Greg Mankiw, a Harvard University professor who advised Republican presidential candidate Mitt Romney is owed $1.6 million in royalties, according to the bankruptcy filing.
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