Stefan Karlsson's blog (Free subscription) | 07/19/2008
Paul Krugman has a blog post whose message is in many ways very similar to my post "short- and long-term price elasticity" , except he illustrates the message with a supply- and demand diagram. The one thing I would object to in his post is the fact that he only draws a distinction between short- and long-term effect on demand, while assuming a completely inelastic supply, or in other words a vertical...
faith in honest doubt (Free subscription) | 5 hours ago
Paul Krugman reviews -- and rebukes and reprimands -- Tyler Cowan's recent piece on health care : The basic facts on health care are clear: government-run insurance is more efficient than private insurance; more generally, the United States, with the most privatized health care in the advanced world, has a wildly inefficient system that costs far more than anyone else’s, yet delivers no better and...
Chronicle of the Conspiracy (Free subscription) | yesterday
But can you believe the kind of risk they take with the health of consumers? Paul Krugman is right about how food processing should be more regulated! The very idea -- packaging peanuts in a factory that handles peanuts.
Extreme Mortman (Free subscription) | yesterday
From the Austin Statesman’s coverage of Netroots Nation: There was even one panel Friday featuring Princeton economics professor and New York Times columnist Paul Krugman (wearing, as if to galvanize stereotype, what appeared to be Birkenstocks) that was essentially about how the media weren’t liberal enough. As they say, only in Austin.
WebMetricsGuru (Free subscription) | 07/19/2008
Looking at Paul Krugman's blog post about Oil Outlook reminds me about something I've been wanting to write about here for a while - most of the time I put these observations into The Analytics Guru - but my work is more widely read here than there (for now). Part of me enjoys seeing the stock prices go down - at least, I understand what motivates that - the Sub Prime Mortgage Meltdown is in full...
Mercury Rising 鳯女 (Free subscription) | 07/19/2008
A few weeks ago, Paul Krugman made what I thought was a facetious remark in dismissing the possibility that speculation might play a role in oil prices. Considering that the Senate had a hedge fund manager saying he thought speculation did play a role, I thought he could have done better than this post, relying [...]
Nevada Thunder (Free subscription) | 07/18/2008
By PAUL KRUGMAN The New York Times Home prices are in free fall. Unemployment is rising. Consumer confidence is plumbing depths not seen since 1980. When will it all end? The answer is, probably not until 2010 or later. Barack Obama, take notice. It’s true that some prognosticators still expect a “V-shaped” recovery in which the economy springs back [...]
Creative Destruction (Free subscription) | 07/18/2008
Paul Krugman predicts an "L-shaped" recession. These prolonged recession-like episodes probably reflect the changing nature of the business cycle. Earlier recessions were more or less deliberately engineered by the Federal Reserve, which raised interest rates to control inflation. Modern slumps, by contrast, have been hangovers from bouts of irrational exuberance — the savings and loan free-for-all...
Thoughts from Kansas (Free subscription) | 07/18/2008
I just saw Paul Krugman wandering the halls of Netroots Nation, looking like a befuddled professor. Incredibly, he was not being swarmed by bloggers. Read the comments on this post...
The New York Observer (Free subscription) | 07/18/2008
Care for a bitter draught of economic realism to start off your summer weekend? In his column in today's New York Times , Paul Krugman predicts that the housing market won't begin to emerge from its current slump until at least 2011, and that's because that market will keep slumping for a while. Waiting for a bubble to deflate is the opposite of popping a water balloon -- it takes a while. And the...
Prairie Weather (Free subscription) | 07/18/2008
According to Paul Krugman, it's going to take two years just to get back to some kind of normal. No bounce is expected, just a longish period of stasis. If the current slump follows the typical modern pattern, the economy...
Brendan Nyhan (Free subscription) | 07/18/2008
Paul Krugman discusses the implications of a likely post-housing bubble hangover for Barack Obama: If the current slump follows the typical modern pattern, the economy will stay depressed well into 2010, if not beyond — plenty of time for the...
Vox Verax (Free subscription) | 07/18/2008
By PAUL KRUGMAN NYT Home prices are in free fall. Unemployment is rising. Consumer confidence is plumbing depths not seen since 1980. When will it all end? The answer is, probably not until 2010 or later. Barack Obama, take notice. It’s true that some prognosticators still expect a “V-shaped” recovery in which the economy springs back rapidly from its slump. On this view, any day now it will be morning...
NewMexiKen (Free subscription) | 07/18/2008
“If you ask me, there isn’t much suspense in this year’s election: barring some extraordinary mistakes, Mr. Obama will win. Assuming he wins, the real question is what he’ll make of his victory.” Paul Krugman in Friday’s column. Krugman also says “If the current housing slump runs on the same schedule, we won’t be seeing a recovery [...]
Economist's View (Free subscription) | 07/18/2008
Paul Krugman says if Barack Obama wins the election, one of his first priorities should be to push through a stimulus plan that is "bigger, better, and more sustained than the one Congress passed earlier this year": L-ish Economic Prospects,...
