I never thought I'd imply that Paul Krugman could be wrong. But when my mother in New Jersey and colleagues' mothers in California and Ohio all voiced relief that Ohio was doing so much to help the poor after reading his column or another...Show More Summary
Our deficit hysterians love to raise the specter of China.
From his perch at the NYT, Paul Krugman informs us that he has detected a 'Plot Against France', because credit rating agency S&P has dared to downgrade the government's debt to 'AA' from 'AA+'.
This is a very good paragraph from Paul Krugman: One last point: the Germans are very proud of their own adjustment between the late 1990s and 2007, during which they emerged from economic doldrums and became very competitive. But that adjustment, from a European point of view, looked like my first figure: German belt-tightening was [...]
Fiscal scolds -- the same people who have been wrong about the virtues of austerity -- have made France their next target: The Plot Against France, by Paul Krugman, Commentary, NY Times: On Friday Standard & Poor’s... downgraded France....
Paul Krugman says to watch this tribute to Stan Fischer: And here's PK's talk on Currency Regimes, Capital Flows, and Crises:
I was wondering how Paul Krugman would react to the embarrassing divergence between the economic performance of the US and eurozone, give that America’s been doing more fiscal austerity in recent years, but it’s the eurozone that had the double-dip recession. Here it is: Anyway, here’s the picture: The US did substantial stimulus in 2009-10 [...]
This is the Fed research piece Paul Krugman was referring to this morning
Paul Krugman is attending the annual IMF research conference and reports that the presentations have covered a wide range of topics: It’s pretty clear, however, that the blockbuster paper of the conference will be one that focuses on...Show More Summary
Policy failures can be very costly: The Mutilated Economy, by Paul Krugman, Commentary, NY Times: Five years and eleven months have now passed since the U.S. economy entered recession.... Official unemployment remains high, and it would be much higher...
Paul Krugman: Free-Floating Inflation Hysteria: >What remains notable, however, is just what all Republicans are obliged to say: Ron Paul monetary theory has become obligatory: >>Vice Chair Yellen will continue the destructive and inflationary...Show More Summary
Paul Krugman: Free-Floating Inflation Hysteria Sam Ro: Robert Shiller Explains How To Use CAPE: "Shiller... stresses that CAPE is more useful in predicting longer-term returns..." Dave Reifschneider, William Wascher, and David Wilcox:...Show More Summary
Paul Krugman: Europe's Inflation Problem : >There are two reasons moderate inflation is actually a good thing for modern economies — one involving demand, one involving supply. On the demand side, inflation reduces the problem of the...Show More Summary
Paul Krugman (the red line in the graph is the CPI): Free-Floating Inflation Hysteria: Brad DeLong has some fun with Senator Pat Roberts, who has gone from praising Janet Yellen in August to denouncing her as a dangerous inflationist now....
Self-proclaimed never wrong wise and wonderful wizard of wonkishness, Paul Krugman was recently dismissing the silly notion of so called ObamaCare sticker shock. As usual, he blew it. You see, all the recent news on health costs has been good. Show More Summary
Paul Krugman has a piece up today about how Germany's large and persistent trade surpluses play an important, destructive role in the slump in the rest of the Euro area -- essentially, they import much-needed labor demand from the rest...Show More Summary
Before or after reading this, you might want to review Niall Fergusson's three-part take-down on Paul Krugman -- or, as he calls himself, "Krugtron the Invincible," the latter styling he gave to himself to honor his self-claimed track record of...
L ast week’s buzzword was “kludge,” as everyone from Paul Krugman to Michael Lind decided that the Affordable Care Act was a perfect example of “What’s Wrong With America.” It’s an argument that Steven Tales made recently in an important...Show More Summary
Why won't policymakers "around the world to face up to the nature of our economic problems"?: Those Depressing Germans, by Paul Krugman, Commentary, NY Times: German officials are furious at America, and not just because of the business about Angela...
Paul Krugman is wrongly beating up on the EU for its current account surplus, showing that it is now larger than China's. The problem with the comparison is that China is an extremely fast growing developing country. This is the sort...Show More Summary