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He’s not suddenly Paul Krugman: Let’s not morph Obama into Elizabeth Warren quite yet

Populist State of the Union with a fiery tone has liberals excited. They'd be wise to remember Obama's true nature

The Bully Mentality -- Part II

NOAA, the National Oceanic and Atmospheric Administration, just announced 2014 the warmest year in recorded history, and 14 of the last 15 years as the warmest in recorded history. Yet Paul Krugman in his latest New York Times op-edShow More Summary

Paul Krugman: Much Too Responsible

Europe’s self-indulgent "archons of austerity" and "doyens of deflation": Much Too Responsible, by Paul Krugman, Commentary, NY Times: The United States and Europe have a lot in common. Both are multicultural and democratic; both are immensely wealthy; both possess currencies...

Betting Against Subprime Mortgages Was a Good Thing

Paul Krugman joined in ridiculing billionaire Robert Burns, a person who richly deserves to be ridiculed. (He wants people to get used to lower living standards.) However people are wrongly attacking Burns when they complain about his...Show More Summary

A Tale of Two Pegs

Paul Krugman on the independence of central banks from the concerns of "hard-money types": A Tale of Two Pegs: I’m still in Hong Kong, and... by the numbers Switzerland’s monetary situation pre-collapse and Hong Kong’s now look remarkably similar....

More on Paul Krugman and the Swiss Movement

Paul Krugman is still upset over the decision by Switzerland's central bank to end its peg to the euro and allow the value of the Swiss franc to rise. Since some of us non-hyper-inflation worriers don't share his anger, perhaps it worth explaining the difference in views. Krugman sees the peg as a sort of quantitative easing. Show More Summary

Paul Krugman: Hating Good Government

Why do conservatives hate government?: Hating Good Government, by Paul Krugman, Commentary, NY Times: It’s now official: 2014 was the warmest year on record. You might expect this to be a politically important milestone.... So will the deniers now...

Why did the Swiss break the peg of the franc?

Paul Krugman writes: Two things to bear in mind. First, having in effect thrown away its credibility – in today’s world, the crucial credibility central banks need involves, not willingness to take away the punch bowl, but willingness to keep pushing liquor on an abstemious crowd – it’s hard to see how the SNB can […]

Paul Krugman and the Swiss Movement

It isn't often that I think Paul Krugman gets one wrong, but I think he wrongly attacks those chocolate loving cuckoo clock making Swiss in his column today. His complaint is that the Swiss central bank abandoned its commitment to keep down the value of the Swiss franc against the euro. Show More Summary

Paul Krugman: Francs, Fear and Folly

A lesson to be learned: Francs, Fear and Folly, by Paul Krugman, Commentary, NY Times:...On Thursday the Swiss National Bank, the equivalent of the Federal Reserve, shocked the financial world with a double whammy, simultaneously abandoning its policy of...

Maybe All That Complaining About Infectious Disease Does Some Good

While I’m under no illusions that Paul Krugman reads this crappy blog, it’s nice to see people worrying about infectious disease, especially antibiotic resistance (boldface mine): Paul Krugman: If you look at the long sweep of history, global integration has … Continue reading ?

Correcting Paul Krugman’s Austerity Chart For Monetary Effects Yields Very Different Results

Submitted by Ben Steil of the CFR Geo-Graphics blog Correcting Paul Krugman’s Austerity Chart for Monetary Effects Yields Very Different Results In two recent blog posts (1/6 and 1/7), Paul Krugman highlighted a chart he made that, he says, illustrates clearly the failure of “austerity” around the world. Show More Summary

'Selective Voodoo'

Paul Krugman: Selective Voodoo: House Republicans have passed a measure demanding that the Congressional Budget Office use “dynamic scoring” in its revenue projections — taking into account the supposed positive growth effects of tax cuts. It remains to be seen...

Afternoon Must-Read: Paul Krugman Has Been on a Serious Roll All of This Just-Past Weekend!

Paul Krugman has been on a serious roll this weekend. All worth reading and pondering: On Econoheroes : "Joe [Stiglitz] and I do tend to get quoted, invoked, etc. on a frequent basis in liberal media and by liberals in general, usually with (excessive) approbation.... Show More Summary

Over at Equitable Growth: What Was Going on Between the White House and the Federal Reserve in the Early 1980s?: Daily Focus

[Over at Equitable Growth][1]: I must say, I am surprised to see Robert Samuelson claiming that the Federal Reserve and the Reagan administration were in accord in 1982... Let's roll the videotape: Paul Krugman: [Presidents and the Economy](http://www.nytimes.com/2015/01/05/opinion/paul-krugman-presidents-and-the-economy.html?_r=0):...Show More Summary

Siphoning Off the Increment to Pay for More Excrement

Paul Krugman rightly excoriates the "carbonized Keynesianism" of the Republican rationale for the Keystone XL pipeline. As I replied to Barkley a few days ago, however, calling it "Keynesianism" is a misnomer. Kalecki had another name for it. Show More Summary

Robert Samuelson Credits Reagan for the Volcker Disinflation

Paul Krugman has some fun with the latest from Robert (no relationship to Paul) Samuelson: My point was that the legend of Reaganomics — that supply-side tax cuts produced a disinflation that confounded Keynesians — is not at all what happened in the 1980s. Show More Summary

I too believe that Keystone XL could be environmentally damaging ...

But that doesn't mean I'm necessarily against it. Paul Krugman: And the argument being made for Keystone XL is very similar; call it “carbonized Keynesianism.” Yes, approving the pipeline would mobilize some money that would otherwise have sat idle, and in so doing create some jobs — 42,000 during the...

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