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Paul Krugman: For the Love of Carbon

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...

Financial Regulators Snub A Nobel Prize Economist

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, [...]

'Orthodoxy, Heterodoxy, and Ideology'

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...

David Leonhardt Goes Off the Deep End in Creating False Equivalence

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

John Lee on Krugman and Cowen on Immigration Restrictions

(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)

Paul Krugman ridicules GOP for believing “facts have a liberal bias”

New York Times columnist says Tea Party GOPers aren't only ones who block-out the truth

Paul Krugman: Voodoo Time Machine

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...

Sympathy for the top quintile

(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)

Krugman's Japanese Legacy: Record Households On Welfare, Corporate Bankruptcies Soar, Majority Of Households Worse Off

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

The Political Consequences of Inequality

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

Are German schoolchildren taught about the 1929-32 deflation?

(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)

Level Target Now!

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 […]

Nighttime Must-Read: Paul Krugman: Not Invented Here Macroeconomics

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: Yes, the Past Four Years Are Powerful Evidence for the Keynesian View of What Happens at the Zero Lower Bound. Why Do You Ask?: Daily Focus

[Over at Equitable Growth][1]: 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

Why Yes, I Do Believe Jeffrey Sachs Has Lost His Mind. Why Do You Ask?: Live from The Roasterie

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

“Knaves and fools”: Paul Krugman on what Obama’s critics get wrong

With a real recovery seemingly underway, conservatives have egg on their faces

Paul Krugman: Presidents and the Economy

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...

France Joins the Supply Side: Paul Krugman Hardest Hit

(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

How the Wall Street weasels won: Elizabeth Warren, Paul Krugman and the 1 percent’s desperate battle to save themselves

The 2009 crisis made radical reform possible. But Obama's competent response let the big banks duck real change

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