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Pax Trumpiana

Paul Krugman: Pax Trumpiana: With everything else going on, it may be hard to stay with the evolving Trump/Putin story. But it’s really crucial. I don’t think Trump is literally an agent of the Kremlin; instead, he’s someone Putin i...

Paul Krugman Dismantles the Entire Premise of Trump's Candidacy

Sorry scare-mongers. Crime is down. Social progress has made us safer. The heads of fact-checkers throughout the land exploded last week, as speakers at the RNC in Cleveland piled lie upon lie upon piles of lies. The favorite of all these lies is the one about crime running rampant and Americans in general being so very unsafe. Show More Summary

Paul Krugman: Delusions of Chaos

The phrase "trumped up" comes to mind: Delusions of Chaos, by Paul Krugman, NY Times: Last year there were 352 murders in New York City. This was a bit higher than the number in 2014, but far below the 2245...

Unhappy Anniversary: Blogger Accuses Limbaugh of Leaving a ‘Sick Stain’ and a ‘Loathsome Legacy’

Paul Krugman claimed recently that the Republican party “went over the edge…when supply-side economics became [its] official doctrine.” The Washington Monthly’s D.R. Tucker reveres Krugman, but he has a different choice for “the moment when the GOP truly lost it”: August 1, 1988, when Rush Limbaugh’s radio show went national. Show More Summary

Procrastinating on July 24, 2016

Over at [Equitable Growth]( Must-Reads: Paul Krugman (2013): [Other Austerity Bloopers]( Mike Konczal: [The Forgotten State]( More Summary

The Day the GOP Stood Still

Rarely is New York Times columnist Paul Krugman wrong in his political or economic conclusions; the man makes an error about as infrequently as Halley’s Comet is visible from Earth. However, there was one tiny flaw in his July 18 post about the GOP’s march towards mania. Krugman correctly noted that he was one of... Read more »

Krugman: The Siberian Candidate

Paul Krugman: If elected, would Donald Trump be Vladimir Putin's man in the White House? This should be a ludicrous, outrageous question. After all, he must be a patriot -- he even wears hats promising to make America great again. But we're talking about a ludicrous, outrageous candidate. Show More Summary

Paul Krugman: Donald Trump, the Siberian Candidate

Is it more than ignorance?: Donald Trump, the Siberian Candidate, by Paul Krugman, NY Times: If elected, would Donald Trump be Vladimir Putin’s man in the White House? This should be a ludicrous, outrageous question. After all, he must be...

The New World ORDER

Paul Krugman has a terrific column today titled “Donald Trump, the Siberian Candidate,” but really he suggests that Trump is the Manchurian candidate. Krugman suggests that Trump is actually fronting for Putin on the world stage. I think he’s right. The only difference between the Manchurian candidate in the movie and Donald Trump is that […]

Paul Krugman: Both Sides Now?

Balancing the unbalanced: Both Sides Now?, by Paul Krugman, NY Times: When Donald Trump began his run for the White House, many people treated it as a joke. Nothing he has done or said since makes him look better. On...

Krugman on high stock prices

Paul Krugman has an excellent post discussing why stock prices are relatively high.  Apart from the opening paragraph, where he (implicitly) dismisses the EMH and rational expectations, I almost entirely agree with his interpretation.  (OK, the last bit defending Obama is also a bit questionable.)  I have expressed similar views, although of course Krugman expresses […]

The Wayback Machine: From Ten Years Ago: July 1-July 15, 2006

The Pattern of Growth in Income Inequality 2006-07-15: Greg Mankiw questions Paul Krugman.... The big rise in inequality in the U.S. since 1980 has been overwhelmingly concentrated.... The top 1% have gone from 8 to 16 times average income, the next 4% have gone from 3.2 to 3.7 times...

Paul Krugman: Bull Market Blues

High stock prices are "not evidence of a healthy economy": Bull Market Blues, by Paul Krugman, NY Times: Like most economists, I don’t usually have much to say about stocks. Stocks... have a lot less to do with the...

Paul Krugman’s Stock Market Advice

Paul Krugman actually did not make any predictions on the stock market, so those looking to get investment advice from everyone’s favorite Nobel Prize winning economist will be disappointed. But he did make some interesting comments on the market’s new high. Show More Summary

Brexit: I Think Paul Krugman Is Confused Here...

[Over at Equitable Growth][1]: Bearing in mind what has happened to me almost every single time since 1997 when I have concluded that Paul Krugman is wrong... The key, I think, is something hidden in Paul's column. It is the fact that the effect of pretty much any shock depends...

Still Confused About Brexit Macroeconomics

Paul Krugman: Still Confused About Brexit Macroeconomics: OK, I am still finding it hard to understand the near-consensus among my colleagues about the short- and medium-term effects of Brexit. As I’ve tried to point out, while there are clear reasons...

The Stagnation Capitulation and The Taper Tantrum

Paul Krugman interpreted the recent decline of 10 year safe interest rates from extremely low to astonishingly low as a capitulation to stagnation. He argued (convincingly) that investors have decided that short term safe interest rates will remain extremely low for a long time (evidently at least 10 years) and that the post 2008 pattern […]

Do I Disagree with Paul Krugman about the Policy Relevance of Risk Premia ?

As always, I seek an economic issue on which I disagree with Paul Krugman. I think I might only partially agree with his recent tweet storm. I certainly think that Twitter is not the best medium for discussion of economic theory. Kenneth Rogoff argued that persistently extremely low safe interest rates are not proof of […]

Procrastinating on July 12, 2016

Over at [Equitable Growth]( Must-Reads: Dean Baker: [George Will and the Fed: Do Low Interest Rates Redistribute Upward?]( Paul Krugman: [Cheap...Show More Summary

Paul Krugman: Cheap Money Talks

What is the "extraordinary plunge in long-term interest rates" telling us?: Cheap Money Talks, by Paul Krugman, NY Times: What with everything else going on, from Trump to Brexit to the horror in Dallas, it’s hard to focus on developments...

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