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Alas, the WCEG Website Appears to Be Down Again: No, I Really Do Not Think That We Were Doomed to the Lesser Depression Plus the Greater Stagnation: I Think Paul Krugman Gets One Wrong Here...: Monday Focus: March 24, 2014

I read Paul Krugman, and I want to sharply dissent: Paul Krugman: Did Inflation Phobia Cause the Great Recession?: "Even avoiding the financial panic almost surely wouldn’t have meant avoiding a prolonged economic slump. >How do we know this? Well, what we actually know is that the panic was in fact fairly short-lived, ending in the spring of 2009. Show More Summary

Would Keynes Have Called This A 'Liquidity Trap'?

By Cullen Roche: Paul Krugman discusses the origins of the term "liquidity trap" this weekend noting that he didn't invent the term. This is interesting to me as I read Thomas Piketty's Capital because I've found myself going back to the General Theory at times while thinking of various subjects. Show More Summary

Why is Wall Street so divorced from reality? A psychological explanation.

Noah Smith and Paul Krugman have both noted the strange fact that the financial class, almost across the board, continues to argue for more austerity and a tighter monetary policy, despite the adverse effects these policies could have on the economy as a whole. Show More Summary

Paul Krugman: Wealth Over Work

The drift toward oligarchy: Wealth Over Work, by Paul Krugman, Commentary, NY Times:...“Capital in the Twenty-First Century,” the magnum opus of the French economist Thomas Piketty,... does more than document the growing concentration of income in the hands of...

Friday Morning Random Links

[guest post by JD] Paul Krugman admits he hasn’t even read that which he rails against. SanFranNan goes on a rant about calling ObamaCare ObamaCare, and then slips further into her delusional world calling it affordable affordable affordable affordable affordable affordable… It is like Jonah Goldberg was reading one of the comment threads here. the [...]

Paul Krugman: The Timidity Trap

When policymakers are overly cautious, it can backfire: The Timidity Trap, by Paul Krugman, Commentary, NY Times: There don’t seem to be any major economic crises underway right this moment, and policy makers in many places are patting themselves on...

Noted for Your Evening Procrastination for March 20, 2014

#### Over at [Equitable Growth]([The Equitablog]( Afternoon Must-Read: Paul Krugman: Notes on Piketty’s “Capital in the Twenty-First Century” Conference Draft Papers from...Show More Summary

DeLong/Equitable Growth Smackdown Watch: Thomas Frank on How he Doesn't Want to Be Lectured by Paul Krugman or Joe Stiglize Anymore: Monday Focus: March 3, 2014

Thomas Frank: Paul Krugman won’t save us: "When President Obama declared in December that gross inequality is the 'defining challenge of our time', he was right, and resoundingly so.... However, he quickly backed away... at the urging of pollsters and various Democratic grandees. Show More Summary

"Nate Silver's new venture, FiveThirtyEight, is now live, and the reviews are starting to come in. To summarize: it's terrible."

Says Ryan Cooper at The Week:Reviewers from Paul Krugman to Tyler Cowen — who seldom agree on much — have panned the launch. If you need to be personally convinced, just check out this example. Yikes.I was going to post about that very example when I noticed it yesterday...

Why NYers are living longer

Inequality kills, progressive economist and opinion writer Paul Krugman likes to say. The New York Times made that the central point of its compelling story "Income Gap, Meet Longevity Gap." which... To view the full story, click the title link.

Nate Silver's FiveThirtyEight, and the dangers of being ideologically neutral

Nate Silver's new venture FiveThirtyEight is now live, and the reviews are starting to come in. To summarize: it's terrible. Reviewers from Paul Krugman to Tyler Cowen — who seldom agree on much — have panned the launch. If you need to be personally convinced, just check out this example. Show More Summary

Can Nate Silver Monetize the Wonkosphere?

Nate Silver says his goal at the new FiveThirtyEight is to be a fox, not a hedgehog. That is, to know lots of little things, not just one big thing. Paul Krugman is not impressed with how that's turned out so far: You can’t be an effective fox just by letting the data speak for itself — because it never does. Show More Summary

Over at the Washington Center for Equitable Growth: Understanding the Wall Street View of the World–and Why It Doesn’t Change: Monday Focus: March 17, 2014

Washington Center for Equitable Growth | Understanding the Wall Street View of the World–and Why It Doesn’t Change: Monday Focus: March 17, 2014: Let us start with Paul Krugman, commenting on a piece by Noah Smith: >Paul Krugman: Charge...Show More Summary

Paul Krugman Eviscerates Paul Ryan For His Racist ‘Inner City’ Poverty Remarks

(Credit: visionshare) “American conservatism is still, after all these years, largely driven by claims that liberals are taking away your hard-earned money and giving it to Those People,” Krugman wrote.

Trans-Pacific Partnership: The economic impact

Cathleen Cimino, Gary Clyde Hufbauer, 17 March 2014 In an op-ed for the New York Times, Paul Krugman calls the Trans-Pacific Partnership (TPP)

Paul Krugman: That Old-Time Whistle

Conservatives "can’t bring themselves to acknowledge the reality of what’s happening to opportunity in America": That Old-Time Whistle, by Paul Krugman, Commentary, NY Times:...Paul Ryan, chairman of the House Budget Committee and the G.O.P.’s de facto intellectual leader......

'It Never Seems to Sink In'

Paul Krugman: Don’t Prosper and Die Early: I was pleased to see this article by Annie Lowrey documenting the growing disparity in life expectancy between the haves and the have-nots.... Many of us have been trying for years to...

Chart of the Day: China's Debt Bubble Continues to Swell

Via Paul Krugman, Atif Mian and Amir Sufi give us the chart below today to chew over. It shows China's declining trade surplus over the past decade, which authorities have effectively offset by a dramatic increase in private credit in order to boost domestic demand. Show More Summary

Paul Krugman: Fear of Wages

The labor market is a long way from being full healed: Fear of Wages, by Paul Krugman. Commentary, NY Times: Four years ago, some of us watched with a mixture of incredulity and horror as elite discussion of economic policy...

Paul Krugman takes on the inflation paranoiacs

I've written before about the alarming consensus developing in certain wonkish circles that suddenly labor markets are tightening up, and accelerating inflation is just waiting in the wings. Paul Krugman has now weighed in several times against these inflationistas, and his latest effort is the most comprehensive. Show More Summary

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