Krugman's Infectious Diseases of Children (Infectious Diseases of Children ( Krugman's))
Scrivener.net (Free subscription) | 19 hours ago
During Japan's seemingly never-ending recession/semi-recession starting in the early 1990s, Paul Krugman repeatedly argued and lectured that Japan should use monetary policy to stimulate its economy. In 1998 he wrote a notable paper arguing that monetary policy would work in spite of 0% short-term interest rates (a "liquidity trap"), and criticizing Japan's wasteful government-spending...
Free Advice (Free subscription) | yesterday
Whoa this was a good exchange. I read Krugman's blog post on people abusing MV=PY and totally understood where he was coming from. But then I read Scott Sumner and he destroyed Krugman . The only parts I objected to in Scott's response were: (1) Scott says that he doesn't even understand what Krugman is talking about in the beginning, when I for one certainly "got" Krugman's...
AMERICAblog (Free subscription) | yesterday
Another great read by Paul Krugman . Obama's cautious approach to the economic crisis may lead the way for Democratic losses in 2010. Clearly the situation is better than it was a year ago though as we saw on Friday, employment is still lagging with limited chances of recovery before the mid term elections. Administration officials would presumably argue that they were constrained by political...
One Salient Oversight (Free subscription) | yesterday
Important : Take the United States, which wasn’t damaged in the war. Take per capita real GDP. Give hostages by taking data from 1950 to 1980, which means including the 1980 recession, but stopping at 2007, so that the current slump isn’t included. Then here’s what you get: Growth in per capita real GDP from 1950 to 1980: 2.2 percent per year Growth in per capita real GDP from 1980...
The Austrian Economists (Free subscription) | yesterday
|Peter Boettke| Paul Krugman provides his take on the Beckworth graph showing the collapse of nominal spending and relates it to his 1998 work on Japan. The upshot, monetary policy will not produce the desired effect in our current situation....
The Satirical Political Report (Free subscription) | 06/11/2009
“LET’S FACE IT, WITH ALL THESE DIM-WITS SPENDING MONEY ON CARFARE, HOTEL ACCOMODATIONS AND LET’S NOT FORGET TEABAGS, BY THE END OF THE FOURTH QUARTER, THIS COUNTRY IS POISED TO GROW LIKE A MALIGNANT TUMOR.”
The Business Insider (Free subscription) | 06/11/2009
We wondered if Paul Krugman would use this morning's 10.2% unemployment reading as an excuse to call for another stimulus. Indeed: You can make a pretty good case that just employing a lot of people directly would be a lot more cost-effective; the WPA and CCC cost surprisingly little given the number of people put to work. Think of it as the stimulus equivalent of getting the middlemen out...
Denver Post (Free subscription) | yesterday
... economic half-measures may haunt Democrats for years to come.Nobel Prize-winning economist Paul Krugman is a columnist for The New York Times.An opposing viewpointCheck out Cafe Hayek, a blog that offers a counterpoint to Krugman's positions. "Unemployment. It's up to 10.2 percent. Trouble ahead. Trouble behind. The politics is going to be very tough. More pressure to 'fix' the economy....
Macro and Other Market Musings (Free subscription) | 06/11/2009
Paul Krugman has chimed in on my figure showing the collapse in nominal spending. He, however, is less enthusiastic about its implications: [The figure is] certainly suggestive. But I disagree with the interpretation that this shows that the current slump is mainly about insufficiently expansionary monetary policy... [...] Focusing on nominal spending makes you think that low nominal spending...
Random Thoughts from Reno (Free subscription) | 06/11/2009
Obama has been listening to the wrong people, and he should be focusing on creating more stimulus programs to get this economy going. What is going to happen, as I fear, is the unemployment rate is going to keep going up, and Obama and the Democrats will be blamed. Then we will have more Republicans, who will not do ONE DAMNED THING about the economy and allow the country to slide into third world...
Jesse's Café Américain (Free subscription) | yesterday
The triumph of financial engineering based on an analysis of the past.The story so far, in one pictureBy Paul KrugmanNovember 3, 2009World industrial production in the Great Depression and now:Jesse here. This chart is a bit deceptive because it compares two periods of time based on the start of the crisis. It would be interesting to compare the two crises from the start of the Fed's expansion...
The Crossed Pond (Free subscription) | 06/11/2009
It’s at 10.2%. In January, before* they got the Q4 data, the administration released a report (pdf link) both predicting that with the stimulus bill passed it’d top out at 8% and saying that it’d peak at 9% without the stimulus plan. Krugman, who is apparently convinced that we have more money in our pockets (I [...]
Vox Verax (Free subscription) | 06/11/2009
Obama Faces His Anzio By PAUL KRUGMAN NYT Remember those Republican boasts that they would turn health care into President Obama’s Waterloo? Well, exit polls suggest that to the extent that health care was an issue in Tuesday’s elections, it worked in Democrats’ favor. But while health care won’t be Mr. Obama’s Waterloo, economic policy is starting to look like...
Take The Red Pill (Free subscription) | 04/11/2009
If the Times had any sense of integrity they should can Paul Krugman for making up stuff and spreading falsehoods. Case in point, Krugman's trashing of SuperFreakanomics. From Ari Armstrong [ So where do Levitt and Dubner claim that global cooling was the consensus in the 1970s? They don't say that. Krugman just made that up. Talk about grossly misrepresenting other people's research....
Sacramento Bee (Free subscription) | yesterday
Remember those Republican boasts that they would turn health care into President Barack Obama's Waterloo? Well, exit polls suggest that to the extent that health care was an issue in Tuesday's elections, it worked in Democrats' favor. But while health care won't be Obama's Waterloo, economic policy is starting to look like his Anzio. True, the elections weren't a referendum on Obama. Most voters focused...
