If a candidate lacks any intellectual integrity, that's a real problem. As much as we would prefer to have a presidential campaign that is focused on the dire issues facing the country, chances are that the news media will instead focus on personalities and character. Show More Summary
"If we must talk about character, let's talk about what matters -- intellectual integrity"
What do these strange bedfellows have in common? Confusing employment shortfalls with productivity slowdowns. Here’s Ben Bernanke: It’s generous of the WSJ writers to note, as they do, that “economic forecasting isn’t easy.” They should know, since the Journal has been forecasting a breakout in inflation and a collapse in the dollar at least since […]
Writing in the Guardian, Nobel-winning economist Paul Krugman analyses the last five years of British austerity, using other developed nations in the EU and elsewhere as a benchmark for the growth we could have had -- it's not a pretty picture. Read the rest
A "long read" from Paul Krugman: The austerity delusion, The Guardian: In May 2010, as Britain headed into its last general election, elites all across the western world were gripped by austerity fever, a strange malady that combined extravagant fear...
Must- and Should-Reads: Paul Krugman: ["It has been astonishing, from a US perspective, to witness the limpness of Labour’s response to the austerity push. Britain’s opposition has been amazingly willing to accept claims that budget...Show More Summary
Paul Krugman (2008): [The Rogoff Doctrine](http://krugman.blogs.nytimes.com/2008/07/30/the-rogoff-doctrine/): "Ken Rogoff is one of the world’s best macroeconomists, so I take whatever he says seriously... >...But — you know that’s the...Show More Summary
Overnight we got the latest proof that there is nothing worse for an economy than to be run by a bunch of central planning academics who get "advice" from Paul Krugman. The reason: Japan's retail sales which crashed by 9.7% Y/Y, the biggest annual drop in history. Show More Summary
Oddly, Paul Krugman thinks that TPP is not really about trade. CEA Chair Jason Furman, however, writes the following: The starting point of TPP is the contrast between U.S. tariffs and those of our partner countries. Our trade-weighted average applied tariff rate is 1.4 percent and 70 percent of imports already enter our economy duty free. Show More Summary
World-class photoshopping by New York Hmm, I wonder to which pundit Paul Krugman might be referring to and the end of his wonderful column on how wrong critics of the ACA have proven to be? And there’s also a moral issue involved. Refusing to accept responsibility for past errors is a serious character flaw in […]
When in doubt, just deny, deny, deny "Truthers" is a word that has come to mean its exact opposite, describing groups of people, generally nutcases, who dig deeper into denial the more evidence mounts to show their claims are wrong.Show More Summary
Why don't prognosticators accept responsibility for their prediction errors?: Nobody Said That, by Paul Krugman, Commentary, NY Times: Imagine yourself as a regular commentator on public affairs — maybe a paid pundit, maybe a supposed expert in some area, maybe...
"Refusing to accept responsibility for past errors is a serious character flaw in one’s private life."
This is not a subtweet: This Is Not A Trade Agreement, by Paul Krugman: OK, Greg Mankiw has me puzzled. Has he really read nothing about TPP? Is he completely unaware of the nature of the argument? Personally, I’m a...
Apparently, Paul Krugman experienced the past 25 years of the Media's Clinton Rules: [I]s this just the return of ?Clinton rules?? If you are old enough to remember the 1990s, you remember the endless parade of alleged scandals,... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
How else to explain how these false economic ideas live on and on and on? Paul Krugman has a little fun in his Friday column, using an extended zombie metaphor to express a rather serious point. The question the columnist seeks an answer...Show More Summary
Some bad ideas just won't die: Zombies of 2016, by Paul Krugman, Commentary, NY Times: Last week,...Chris Christie... gave a speech in which he tried to position himself as a tough-minded fiscal realist. In fact, however, his supposedly tough-minded...
Does any of the plan make sense? "No it doesn't," Krugman concludes.
So many things, so little time. -You have to laugh at this one, I don’t care who your are. In late February, the City University of New York announced that it had tapped Princeton economist and New York Times blogger Paul Krugman for a distinguished professorship at CUNY’s Luxembourg Income Study Center, a research arm devoted to studying income patterns […]
Paul Krugman: Airbrushing Austerity: Ken Rogoff weighs in on the secular stagnation debate, arguing basically that it’s Minsky, not Hansen — that we’re suffering from a painful but temporary era of deleveraging, and that normal policy will resume in a...