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Paul Krugman: The Obama Recovery

The economy is doing better. Will it continue?: The Obama Recovery, by Paul Krugman, Commentary, NY Times:... As you may know, back in 2010 Britain’s newly installed Conservative government declared that a sharp reduction in budget deficits was needed...

"Temporary" increases in G at the ZLB in an NK model

Paul Krugman says: "Monetary policy at the ZLB requires a perceived regime change to be effective, fiscal policy doesn’t — in fact, fiscal policy works better if people believe that it’s temporary, and will end when the economy recovers." In...

'Federal Tax Revenues During the 1980’s'

PGL at Econospeak: Federal Tax Revenues During the 1980’s: Paul Krugman takes on another aspect with respect to the latest intellectual garbage from Stephen Moore by commenting on Moore’s claim that Federal tax revenues soared from 1980 to 1989... Paul...

'The Obama Bounce'

Paul Krugman: The Obama Bounce: Dean Baker is, of course, right: this is not a boom, and comparisons to the 1990s are insane. Still, growth has clearly picked up, and the public seems to be noticing. So what can we...

Federal Tax Revenues During the 1980’s

Paul Krugman takes on another aspect with respect to the latest intellectual garbage from Stephen Moore by commenting on Moore’s claim that Federal tax revenues soared from 1980 to 1989: I have a suspicion that the Post forced him to...Show More Summary

So how's the economy doing this year?

(December 27, 2014 08:40 PM, by Scott Sumner) Paul Krugman says that the reduction in long-term unemployment has been rather disappointing. This is important, because 2014 was a sort of "natural test" of the hypothesis that the extended unemployment insurance program led to higher unemployment. The program ended... (0 COMMENTS)

Paul Krugman offers 4 reasons to be cheerful at the end of 2014

2 days agoNews : The Raw Story

Paul Krugman is feeling a tad optimistic as the year 2014 winds down. In his Friday column, he writes about “Tidings of Comfort,” if not quite tidings of great joy. The reason? Despite all the miserable messages about a world spinning out of control and a government completely not up to...

Game Over Japan: Real Wages Crash Most In 21st Century, Savings Rate Turns Negative

When about a month ago it was revealed that Japan's shadow economic advisor is none other than Paul Krugman, we said it was only a matter of time before the Japanese economy implodes. Terminally. We didn't have long to wait and lastShow More Summary

Abbreviated pundit roundup: Policies that worked, FOIA, Clinton and more

Paul Krugman reflects on what worked on the government policy front this year: Maybe I’m just projecting, but Christmas seemed unusually subdued this year. The malls seemed less crowded than usual, the people glummer. There was even less Muzak in the air. Show More Summary

Paul Krugman: Tidings of Comfort

Sometimes, government is the best solution to our problems: Tidings of Comfort, by Paul Krugman, Commentary, NY Times:... All year Americans have been bombarded with dire news reports portraying a world out of control and a clueless government with...

What went wrong in Brazil?

Back in 2012, Paul Krugman did a post praising the “New Economic Policy” in Latin America, which focused on reducing inequality.  A few weeks later he singled out Argentina and Brazil for special praise: Just to be clear, I think Brazil is going pretty well, and has had good leadership. But why exactly is Brazil […]

The Economic Agrument For Peace On Earth

“Peace On Earth.” We repeat the phrase often at this time of year. It’s standard boilerplate — a postive suggestion, but not very likely. But Paul Krugman wrote this week that there are realistic reasons to support the suggestion. Those reasons have been around for awhile: More than a century has passed since Norman Angell, [...]Show More Summary

Nobody is going to out-”crotchety old man” me!

Here’s Paul Krugman’s latest: David Beckworth has a good post pointing out that the Fed has been signaling all along that the big expansion in the monetary base is a temporary measure, to be withdrawn when the economy improves. And he argues that this vitiates the effectiveness of quantitative easing, citing many others with the same view. […]

Wither the Ruble?

Did I mean to say "Whither the Ruble?" No. I am commenting on last week's jumping up and down over the 17% decline of the Russian ruble last Tuesday, led most loudly by Paul Krugman on how Putin's "bubble burst." By the end of the week...Show More Summary

Paul Krugman drops a truth bomb on America’s warmongering neocons: ‘Conquest is for losers!’

6 days agoNews : The Raw Story

War is terrible, no doubt. But as Paul Krugman writes in his column today, war is also terrible for the economy, contrary to popular mythology. The columnist offers countless examples from recent history of wars of aggression and choice where plunder and winning wasn’t all it was cracked up...

“Conquest is for losers”: Paul Krugman on why nobody wins in modern warfare

As the Iraq and the crisis engulfing Putin's Russia show, warmongering is a lose-lose proposition

Paul Krugman: Conquest Is for Losers

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...

The Keynesian PhD Brigade Strikes Again: Sweden’s Riksbank Joins The ZIRP Mania

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

Language games and expectations of "doing nothing"

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...

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