First, a brief historical trace of the developments in confirmation theory leading up to Goodman's infamous "grue" paradox is presented. Then, Goodman's argument is analyzed from both Hempelian and Bayesian perspectives. A guiding analogy is drawn between certain arguments against classical deductive logic, and Goodman's "grue" argument against classical inductive logic. The upshot of this analogy is that the "New Riddle" is not as vexing as many commentators have claimed. Specifically, the analogy reveals an intimate connection between Goodman's problem, and (...) the "problem of old evidence". Several other novel aspects of Goodman's argument are also discussed. (shrink)