In his Times column today, Paul Krugman argues in favor of a higher minimum wage, suggesting that the adverse employment effects are trivial. Unfortunately, Paul presents a highly selective review of the literature. For example, this paper is relevant. Show More Summary
In the current political climate, there's no way we can pass a bill increasing aid to the working poor. But we could very likely pass an increase to the federal minimum wage, writes Paul Krugman in the New York Times. Such an increase is overwhelmingly supported by the public, across...
By Scott Sumner: In a previous post I tried to translate Paul Krugman's critique of Steve Williamson from the language of Keynesianism (interest rates) into the language of monetarism (base money.) The basic insight was that when one...Show More Summary
Paul Krugman, after cautiously pointing out the reasons why Obamacare is already "reducing the rate of medical spending," writes:And the biggest savings may be yet to come. The Independent Payment Advisory Board, a panel with the power...Show More Summary
Paul Krugman at The New York Times once again does what his right-wing critics hate the most, mixes economics with politics, which they view as illegitimate except when they are the ones doing it: The last few decades have been tough...Show More Summary
It is truly ironic to see Lawrence Summers and Paul Krugman promote sustaining asset price inflation as the only viable option left to get away from secular stagnation.
An increase in the minimum wage has "overwhelming public support": Better Pay Now, by Paul Krugman, Commentary, NY Times:... The last few decades have been tough for many American workers, but especially hard on those employed in retail trade...
The concept of the business cycle and its un-natural intervention-inspired boom-bust process is at the core of the following three minutes of dueling quotes from two of the most infamous public proponents of change (Ron Paul) and the status quo (Paul Krugman). Show More Summary
Paul Krugman notes work by my colleague George Evans relating to the recent debate over the stability of GE models: God Didn’t Make Little Green Arrows: Actually, they’re little blue arrows here. In any case George Evans reminds me of...
WonkBlog: The White House says Obamacare will be working by Sunday. Here’s what that means. Paul Krugman: Much of the Beltway establishment scoffed at the promise of cost savings. The prevalent attitude in Washington is that reform isn’t...Show More Summary
Paul Krugman gets into the weeds to show how Obamcare is saving money. The rate of increase in medical costs has really slowed down, in keeping with the law’s official title: The Patient Protection and Affordable Care Act. …many, though by no means all, of the cost-control measures have already kicked in. Has the curve […]
Bending the cost curve: Obamacare’s Secret Success, by Paul Krugman, Commentary, NY Times: The law establishing Obamacare was officially titled the Patient Protection and Affordable Care Act. And the “affordable” bit wasn’t just about subsidizing premiums. It was also supposed...
Well isn’t this right on time. New York Times progressive lapdog Paul Krugman believes Obamacare is becoming just like the Benghazi terrorist attacks. The only ones who seem to care about it are Republicans. Oh, and the millions of Americans … Continue reading ?
Paul Krugman is not one to exhibit irrational exuberance, so his saying this gives me hope: I suggested yesterday that we’re probably heading for a turning point in the health reform discussion. Conservatives are operating on the assumption that it’s an irredeemable disaster that they can ride all the way to 2016; but the facts […]
Shorter Lambert: That Paul Krugman is such an unprincipled hack. Everyone knows that Hillary Clinton’s health care reform plan is acceptable only when it’s proposed by Hillary Clinton. And he’s so ill-informed about American politics he doesn’t understand that Joe Lieberman, Evan Bayh, Mary Landrieu, and the many other staunch liberals in the Senate were [...]
krugman-picsay Paul Krugman wrote an anti-cryptocurrency Op-Ed piece in the NY Times titled the "Anti-social Network". Now, I know the Times needs to sell ad space and subscriptions, hence technical accuracy may not be exactly what they are going for, but Mr. Show More Summary
Paul Krugman, "My Lawn Guyland Roots Are Showing", The Conscience of a Liberal, 11/24/2013: I see that some commentators were wondering why, in an earlier post, I wrote “pedal to the medal” instead of “pedal to the metal”. The answer is, typing fast, and writing what I heard in my head. The truth is that [...]
(New York Times): "A plea to avoid crush of users at health site" (Paul Krugman): ""The Obamacare worm turns" (Reuters): "Americans back Iran deal by 2-to-1 margin: Reuters/Ipsos poll" (Politico): "President Obama pitches new rules for political nonprofits (ABC News): "Nasty storm threatens to upend holiday travel"
Name one: Who are the "self-described centrists, pundits and politicians," Paul Krugman is denouncing, who talk about reining in deficits but who supposedly "punted" at the "historic moment" by refusing to back the Senate health bill?...Show More Summary
New York Times opinion writer and economist Paul Krugman informed his audience on Tuesday that the problem-plagued Affordable Care Act has turned a corner. Based on “upbeat” statements from the White House and a shift in the media’s coverage of the implementation of the ACA, Krugman sees the law’s roll-out evolving from a failure into an unmitigated success.