War. What is it good for?: Conquest Is for Losers, by Paul Krugman, Commentary, NY Times: More than a century has passed since Norman Angell, a British journalist and politician, published “The Great Illusion,” a treatise arguing that the age...
Submitted by David Stockman via Contra Corner blog, Folks, it’s a tyranny of the PhDs. Recently the central bank of Sweden was subject to a withering tirade by that oracle of Keynesian rubbish, professor Paul Krugman, who accused it of “sado-monetarism” for leaving the Swedish economy exposed to the mythical economic disease of “deflation”. Show More Summary
If I make one very trivial change to Paul Krugman's model of a temporary liquidity trap, I can change the results, so that the central bank can use current monetary policy to return the economy to full employment, even if...
Paul Krugman: If you're the type who finds macho posturing impressive, Vladimir Putin is your kind of guy. Sure enough, many American conservatives seem to have an embarrassing crush on the swaggering strongman. "That is what you call...Show More Summary
For six years Paul Krugman has been engaged in an intellectual war against the forces of evil on the right. Those who claim that monetary stimulus would lead to high inflation. Over that same period I’ve been engaged in a three-way struggle; market monetarism against the forces of misguidedness on both the left and the […]
Paul Krugman: [The Simple Analytics of Monetary Impotence](http://krugman.blogs.nytimes.com/2014/12/19/the-simple-analytics-of-monetary-impotence-wonkish/?module=BlogPost-Title&version=Blog Main&contentCollection=Opinion&action=Click&pgtype=Blogs®ion=Body): "Monetary policy at the zero lower bound.... Show More Summary
(December 20, 2014 10:25 AM, by Scott Sumner) Paul Krugman has a new post that explains why he is pessimistic about monetary stimulus at the zero bound. He briefly describes his 1998 paper on the zero bound problem. This paper shows that if base money and bonds are... (0 COMMENTS)
Paul Krugman is frustrated because people aren't taking his model of the liquidity trap seriously. OK, let me take it seriously. Suppose Paul's model is 100% true. And suppose that Paul's model economy is humming along nicely, at full employment,...
Paul Krugman: [Switzerland and the Inflation Hawks](http://krugman.blogs.nytimes.com/2014/12/19/switzerland-and-the-inflation-hawks/?smid=tw-NytimesKrugman&seid=auto): "A lot of people have been predicting soaring inflation... >...since 2009 if not earlier, and have refused to change their views.... Show More Summary
Take a look Paul Krugman's column on the rapid deterioration of the Russian economy. The drop in oil prices has of course played a central role in Russia's woes. The sanctions regime stemming from the Ukraine crisis has played a major contributing role. Show More Summary
Russia's economic crisis shatters the myth of Putin as a strong, all-knowing leader
Paul Krugman recently drew a parallel between the Federal Reserve’s plans to raise interest rates in 2015 and the ECB’s ill-fated 2011 policy tightening, which was swiftly followed by a recession. The monetary context, however, is very...Show More Summary
The Russian economy is in trouble: Putin’s Bubble Bursts, by Paul Krugman, Commentary, NY Times: If you’re the type who finds macho posturing impressive, Vladimir Putin is your kind of guy. Sure enough, many American conservatives seem to have an...
Paul Krugman: [The Limits of Purely Monetary Policies](http://krugman.blogs.nytimes.com/2014/12/16/the-limits-of-purely-monetary-policies/): "I understand where Evans-Pritchard is coming from... >...because I’ve been there.... I had my road-to-Damascus moment... Show More Summary
[Over at Equitable Growth]: Paul Krugman: [The Limits of Purely Monetary Policies](http://krugman.blogs.nytimes.com/2014/12/16/the-limits-of-purely-monetary-policies/): "I understand where Evans-Pritchard is coming from... >...because I’ve been there.... Show More Summary
As I watch the financial meltdown in Russia (and work on a chapter on financial crises), I am pervaded by a sense of déjà vu. As Paul Krugman notes, the unfolding of the crisis is not mysterious, although the timing — and ferocity — is somewhat unexpected. Figure 1 depicts the collapse in the ruble […]
Here’s Paul Krugman, in his pessimistic mood: You might think that it’s a fundamental insight that doubling the money supply will eventually double the price level, but what the models actually say is that doubling the current money supply and all future money supplies will double prices. If the short-term interest rate is currently zero, […]
Paul Krugman: The Ruble and the Textbooks: OK, this is a bit funny: This morning Tim Duy addresses the woes of the ruble, which is in free fall despite a big rate hike, and declares that it “appears really quite...
Economist blasts provision of cromnibus rolling back financial reform