Ben McLannahan: BoJ holds amid signs of economy ‘picking up’ | Paul Krugman: The point, I think, is that you can simultaneously fault the Fed and economists in general for failing to see this crisis coming, and ridicule the hedge fund guys for giving advice right now that is both ludicrous and dangerous. Show More Summary
I’m going to keep this one polite, in hopes that I can get the Washington Post’s Charles Lane to reply to my critique. Today, Michael Kinsley replies to Paul Krugman’s critique of Kinsley’s Harvard dining hall contrarianism with a column that, if I’m reading it right, says (a) I am not sadist, (b) you are [Read more...] This space reserved for your ad.
Alan Reynolds Paul Krugman and Berkeley blogger Brad DeLong appear peculiarly agitated about two of the many articles I have written over the past 42 years. The first, from 2009, summarized a longer critique of Krugman’s claim that “liquidity traps” left monetary policy powerless in the U.S. Show More Summary
By Felix Salmon: Tyler Cowen has no truck with the Bubble Crew. He aligns himself with Paul Krugman and against Jesse Eisinger; we can add Gillian Tett to Eisinger’s side of the debate, and Jim Surowiecki to Cowen’s. The bubblista side...Show More Summary
From Mark Thoma, commenting on Paul Krugman's evisceration of sloppy and ill-informed counterintuitiveness: The degree to which bad/false ideas can be used to support political goals is still pretty frustrating. I don't think I really have anything to add to that. I don't expect it to change anytime soon, though.
Paul Krugman on "the famed TNR/Slate premium on being 'counterintuitive', which in practice meant skewering supposed liberal pieties": if you went back through all the clever counterintuitiveness of past years, you’d find that a lot of it was every bit...
Mark Thoma: Economist's View: Inequality and Economic Growth: Paul Krugman and Tony Atkinson | Dylan Matthews: Senior poverty is much worse than you think | THE humble shipping container is a powerful antidote to economic pessimism and fears of slowing innovation. Show More Summary
Paul Krugman writes: Suppose that I could wave a magic wand (or play a few notes on a a Magic Flute) and suddenly increase all German wages by 20 percent. What do you think would happen to the value of the euro against the dollar and other currencies? It would drop a lot, yes? And [...]
By Cullen Roche: Paul Krugman wants to know why there are no deficit celebrations. He says: For three years and more Beltway politics has been all about the deficit. Urgent action was needed to avert crisis. A Grand Bargain absolutely had to be reached. Show More Summary
Note: The video starts around the 43 minute mark
Here’s the back story: Paul Krugman has an article called “How the Case for Austerity Has Crumbled” in the current New York Review of Books. It’s a long article, but in it the Professor makes the point that austerity economics is more about morality than economics. It grows out of an emotional need to make [...]
From 6:30 to 8:00 PM ET, the will be a live stream of professors Tony Atkinson and Paul Krugman discussing inequality and growth at CUNY. The dialogue will be moderated by Chrystia Freeland. As we endure the slow, uneven recovery from...Show More Summary
Paul Krugman: Financial Repression | Fernando Duarte and Carlo Rosa: Are Stocks Cheap? A Review of the Evidence | Gavin Kennedy: Adam Smith's Lost Legacy: Keynes on Laissez-Faire | Brad DeLong: Notes on Carmen Reinhart and M. Belen Sbrancia: "The Liquidation of Government Debt" | Alan M. Show More Summary
1. Ryan Avent on liquidity leaks, Paul Krugman also. 2. Some positive results on microcredit. 3. Some not very surprising claims about Joseph Beuys. I am still waiting for a good book about the massive influence of Rudolf Steiner. 4. Where is the euro breaking point? 5. Is Greece turning the corner? 6. “Tsundoku”, and [...]
Don't say you weren't warned. This is Paul Krugman, just a few days under 10 years ago: Stating the Obvious, by Paul Krugman, Commentary, NY Times, May 27, 2003: "The lunatics are now in charge of the asylum." So wrote...
Paul Krugman: >The Mythical 70s: It’s actually even worse than Matt [O'Brien] says. For the 1970s such people remember as a cautionary tale bears little resemblance to the 1970s that actually happened. In elite mythology, the origins...Show More Summary
Gillian Tett sees a soaring stock market and frets that we are experienced a bubble. Antonio Fatas and Paul Krugman calmly remind us of the fundamentals. Paul notes that the stock price rally tracks earnings growth which implies we have...Show More Summary
At his blog today, Paul Krugman cited Michael Kalecki's 1943 essay, "Political Aspects of Full Employment": Two and a half years ago Mike Konczal reminded us of a classic 1943 (!) essay by Michal Kalecki, who suggested that businessShow More Summary
In the current issue of the New York Review of Books, Paul Krugman tries to explain the psychology that produces the impulse toward austerity as the cure for economic recessions: Everyone loves a morality play. “For the wages of sinShow More Summary
Michael Kinsley tries to take on Paul Krugman, but ends up showing he really doesn't know what he is talking about. For details, see: Seven Howlers from Michael Kinsley's Very Misguided War Against Paul Krugman - Brad DeLong The worst...