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Michael Lewis on Wall Street: “I have much more time for the vulgarity than I do for the hypocrisy”

Exclusive: The great Michael Lewis on the legacy of "Liar's Poker," Wall Street and strip clubs, and Paul Krugman

Paul Krugman May Be The Most Dangerous Man In America (To Our Remaining Wealth & Liberties)

Submitted by Ron Holland via The Daily Bell, Paul Krugman's 'Triumph of the Wrong' Column Is Dead Wrong "Politics determines who has the power, not who has the truth." – Paul Krugman What leads me to conclude Paul Krugman's latest column is dead wrong? First of all, I agree with him on one thing. Show More Summary

Why The Republicans Won Despite Being Wrong On All The Issues

Paul Krugman points out that the Republicans, despite winning the midterm elections on Tuesday, were wrong on everything: First, there’s economic policy. According to conservative dogma, which denounces any regulation of the sacred pursuit of profit, the financial crisis of 2008 — brought on by runaway financial institutions — shouldn’t have been possible. But Republicans [...]Show More Summary

The startling fact you, we and Paul Krugman didn’t know about the jobs report

Photo by Hill Street Studios/Blend Images via Getty. Tuesday may not have been a good day for the president’s economic record, but the month before the election was a good one for the economy. October saw payroll gains of 214,000, while the unemployment rate ticked down to 5.8 percent — the second straight month below 6 percent. Show More Summary

“So wrong about so much”: Paul Krugman blasts newly empowered GOP

The economist asks how a party that's gotten every major policy question wrong could do so well at the ballot box

Friday Morning Open Thread

(Non Sequitur via Professor Krugman on the poor folks’ weapon, “The Uses of Ridicule”: … Matt O’Brien has a lot of fun with Paul Singer, a billionaire inflation truther who is sure that the books are cooked because of what he can see with his own eyes: … check out London, Manhattan, Aspen [Read more...]

Paul Krugman: Triumph of the Wrong

Why did Republicans do so well in the election?: Triumph of the Wrong, by Paul Krugman, Commentary, NY Times: The race is not to the swift, nor the battle to the strong..., nor yet midterms to men of understanding. Or...

Over at Equitable Growth: Who Really Thinks Japan Is Argentina?: Daily Focus

[Over at Equitable Growth:]( Paul Krugman: [Japan on the Brink]( "Japan’s current plan to hike consumption taxes a second time... Show More Summary

Economists Are People Too: A Chat About Music With Paul Krugman

We sit down with the one and only Paul Krugman for a chat about, not economics, but music.


Economist Paul Krugman has occasionally cast a skeptical eye on, Freakonomics, and other sites that attempt to draw large conclusions from smallish data sets. In most cases, the writers of these articles aren't experts...Show More Summary

'Why Don’t We See More Macroeconomic Populism?'

Paul Krugman has a question: Why Don’t We See More Macroeconomic Populism?: As I’ve been noting recently, there’s a lot of opposition within Japan to the Bank of Japan’s policy of printing more money; there’s also a lot of pressure....

Ira Stoll on Why Government-Funded Infrastructure Is a Terrible Idea

2 months agoNews : Reason

The new Congress hasn’t even been elected yet, but it’s already under pressure to add billions of dollars in new government spending to pay for “infrastructure.” According to New York Times columnist Paul Krugman, for example, “We have...Show More Summary

Why Paul Krugman thinks inflation fears are baloney

Paul Krugman doesn’t see inflation as an immediate threat, and if it becomes one, he thinks the Fed has the tools and the will to deal with it. Photo by Flickr user Commonwealth Club. Editor’s Note: Unlike most central banks, the Federal Reserve has not one job, but two. Show More Summary

Abbreviated pundit round-up: Running the nation like a business, attacking feminists online

2 months agoUS Politics / Liberal : Daily Kos

Paul Krugman at The New York Times writes Business v. Economics: Obviously there are business leaders who have gotten the economic analysis right, and plenty of academics who have gotten it wrong. (Don’t get me started.) But success in business does not seem to convey any special insight into economic policy. Show More Summary

Paul Krugman: Business vs. Economics

Should policymakers listen to business leaders?: Business vs. Economics, by Paul Krugman, Commentary, NY Times: The Bank of Japan... has lately been making a big effort to end deflation, which has afflicted Japan’s economy for almost two decades. At...

Responding to John Becker

John Becker asked me this question: Scott, If the government massively cut spending and the economy boomed, do you think Paul Krugman would wave a white flag? If the Fed announced they were adopting NGDP level targeting and the markets tanked, would you admit defeat or start scrambling for other reasons why markets might react […]

Kevin Erdmann on capital income, rental income and labor compensation

Kevin Erdmann has three very interesting posts.  Three posts back he showed that the rise in the income of capital that has recently been discussed by people like Paul Krugman and Brad DeLong is not quite what you might expect: We start with Profit (the blue line at the bottom).  I have extended the time frame […]

How Publishers & Copyright Gave Amazon The Very Power That Publishers Now Hate

2 months agoIndustries / Law : Techdirt

We've been meaning to weigh in some more on the whole Amazon/Hachette battle, because lot of misinformation has been spewed around (including by Paul Krugman). Unfortunately there have just been too many other things to cover and we haven't had the time to do a more thorough piece. Show More Summary

Paul Krugman: How the West royally screwed up its economies

Japan used to be a "cautionary tale" in how not to fix a broken economy, but the US and Europe have done even worse

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