What's the real reason Republicans are pushing for the Keystone XL pipeline?: For the Love of Carbon, Commentary, NY Times: It should come as no surprise that the very first move of the new Republican Senate is an attempt to...
No, it’s not Paul Krugman – though that would have been a good guess. Salon reports that this particular economist has apparently been blacklisted by government regulators because his candor, integrity, and outsideriness scares the bejeezus out of the entire financial industry. If the government were creating a new panel to advise on financial regulation, [...]
Paul Krugman: Orthodoxy, Heterodoxy, and Ideology: Many economists responded badly to the economic crisis. And there’s a lot wrong with mainstream economic analysis. But how closely are these two assertions related? Not as much as you might think. So I’m...
As Paul Krugman likes to point out, conservative leaders have a bad habit of just making things up: global warming isn't happening, tax cuts pay for themselves, quantitative easing will lead to hyper-inflation etc.. David Leonhardt tells...Show More Summary
(January 9, 2015 01:31 PM, by David Henderson) John Lee has written an excellent piece in which he gently chides Paul Krugman and Tyler Cowen (mainly the former) for their unwillingness to advocate "open borders." I put that term in quotation marks because Robert P. Murphy has persuaded... (0 COMMENTS)
New York Times columnist says Tea Party GOPers aren't only ones who block-out the truth
Ideological rigidity causes blindness to the facts: Voodoo Time Machine, by Paul Krugman, Commentary, NY Times: Many of us in the econ biz were wondering how the new leaders of Congress would respond to the sharp increase in American economic...
(January 8, 2015 09:15 PM, by Scott Sumner) Paul Krugman often seems more interested in the plight of the America working class than the welfare of much poorer residents of developing countries. For instance, he's argued that lower immigration rates after the 1930s helped the American working class... (0 COMMENTS)
A little over two years into Abenomics, and two months after learning that one of Abe's economic advisors is none other than Paul Krugman, here is the progress report for what little is left of Japan's economy: 1. T he number of households in Japan on welfare hit a record high in October, renewing the record for a 6th straight month. Show More Summary
Paul Krugman recently highlighted the dangers of Europe's austerity policies and the growing inequality of the developed world, the worst since the Great Depression. The result then, as now, has been the growing strength of right wing...Show More Summary
(January 7, 2015 12:55 PM, by Scott Sumner) Today it was announced that the Japanese economy had officially slipped into deflation, although as Paul Krugman pointed out the problem is not new at all. If you look at fundamentals such as inflation expectations embedded in the bond market,... (0 COMMENTS)
For 6 years market monetarists (and occasionally Keynesians like Paul Krugman) have been warning that ECB policy was much too tight. During most of that period the ECB was not at the zero bound, and indeed it occasionally raised interest rates. Now the eurozone has slipped into a Japanese style deflation (i.e. mild deflation, accompanied […]
Paul Krugman: [Not Invented Here Macroeconomics](http://krugman.blogs.nytimes.com/2015/01/05/not-invented-here-macroeconomics/): "[Richard] Koo had a big and important idea.... >As long as some part of the private sector has... levels of debt that now look excessive, the efforts of debtors to pay off their debts... Show More Summary
[Over at Equitable Growth]: He whom we all disagree with at our grave peril writes: Paul Krugman: [The Record of Austerity - NYTimes.com](http://krugman.blogs.nytimes.com/2015/01/06/the-record-of-austerity/?smid=tw-NytimesKrugman&seid=auto): "How many people, I wonder--even among economists who have eagerly taken sides in the austerity debate... Show More Summary
For could anything possibly lead somebody who has not lost his mind to call a real GDP growth rate of 2.2%/year "brisk"? Jeff Sachs: [Paul Krugman and the Obama Recovery](http://www.project-syndicate.org/commentary/krugman-budget-deficit-support-by-jeffrey-d-sachs-2015-01):...Show More Summary
With a real recovery seemingly underway, conservatives have egg on their faces
Can President Obama take credit for the improving economy?: Presidents and the Economy, by Paul Krugman, Commentary, NY Times: Suddenly, or so it seems, the U.S. economy is looking better.... The improving economy is surely one factor in President...
(Steven Hayward) With lefty nostalgists like Paul Krugman pining away for a return to the punitive income tax rates of up to 90 percent in the 1950s, it is worth taking in what just happened in France. France’s unreconstructed socialist...Show More Summary
The 2009 crisis made radical reform possible. But Obama's competent response let the big banks duck real change