+Vote!
The Plank (Free subscription) | yesterday
Today in the Times , Paul Krugman lends his Nobel-winning credibility to the argument for massive government spending in order to stimulate the economy. Yes, it will drive up the deficit in the short run. And, yes, fears of higher deficits led Bill Clinton to abandon his spending promises during the 1990s. But this is not the 1990s, Krugman reminds us. Back then, Clinton was worried that government...
+Vote!
naked capitalism (Free subscription) | yesterday
A brief and grim interview with Paul Krugman on CNBC (hat tip reader Dwight). Some key points: The indicators are worse than any point during Japan's contraction Spending is in free fall Unemployment could exceed 10%, meaningful employment recovery may not occur before 2011 Click here to view.
+Vote!
US News (Free subscription) | yesterday
The economist argues that a big stimulus package will improve the economy in the longterm.
+Vote!
Chronicle of the Conspiracy (Free subscription) | yesterday
If spreading untruthful information is a crime there, then he's in big trouble : RIGA, Latvia -- Hammered by economic woe, this former Soviet republic recently took a novel step to contain the crisis. Its counterespionage agency busted an economist for being too downbeat. "All I did was say what everyone knows," says Dmitrijs Smirnovs, a 32-year-old university lecturer detained by Latvia's Security...
+Vote!
Grasping Reality with Both Hands (Free subscription) | yesterday
...when he says that Keynes's greatness is illustrated by the fact that he understood things that George F. Will does not. A six year old child could write more intelligent columns about economics than George F. Will. The fact that Fred Hiatt has not yet fired George F. Will and replaced him with a six year old child is yet another piece of the wreckage of the crashed-and-burned *Washington Post* detritus...
+Vote!
InformedTrades (Free subscription) | 11 hours ago
247WallSt said: $$ In CNBC video posted by nakedcapitalism, Paul Krugman says economy in a "steep steep decline" http://tinyurl.com/6mbt2y via...
+Vote!
International Herald Tribune (Free subscription) | yesterday
Economists worry that large budget deficits will burden future generations. But strong fiscal expansion would actually enhance the U.S. economy's long-run prospects.
+Vote!
InformedTrades (Free subscription) | yesterday
bmccandless said: $$ paul krugman is lost and looking for momma- asking the feds to do this is wrong- HE WANTS GOV'T SHAREHOLDER VOTING RIGHTS! holy...
+Vote!
Daily Dreamtime (Free subscription) | yesterday
FOCUS | Paul Krugman: What to Do http://www.truthout.org/ 113008Y Paul Krugman, New York Review of Books: "What the world needs right now is a rescue operation. The global credit system is in a state of paralysis, and a global slump is building momentum as I write this. Reform of the weaknesses that made this crisis possible is essential, but it can wait a little while. First, we need to deal with...
+Vote!
Lawyers, Guns and Money (Free subscription) | 14 hours ago
Is Amity Shlaes stupid, dishonest, lazy, or all of the above? As a somewhat-related bonus, this is also good: Paul Krugman Sets the Bar Far too Low... ...when he says that Keynes's greatness is illustrated by the fact that he understood things that George F. Will does not. A six year old child could write more intelligent columns about economics than George F. Will. The fact that Fred Hiatt has not...
+Vote!
Economist's View (Free subscription) | 14 hours ago
Brad DeLong reviews the second edition of Krugman's "The Return of Depression Economics": 'The Return of Depression Economics and the Crisis of 2008,' by Paul Krugman, Book Review by Brad DeLong., LA Times: A decade ago, Paul Krugman wrote a...
+Vote!
Thoughts On Economics (Free subscription) | 14 hours ago
Paul Krugman again and again and again Brad DeLong basically quotes Krugman Tyler Cowen Peter Boettke comments on Cowen on Keynes Matthew Mueller comments on Boettke on Keynes I think Chapter 12 of the General Theory is insightful. Chapter 17 draws on Sraffa's concept of own rates of interest, which Sraffa introduced in his critique of Hayek. Apparently Sraffa was not enthusiastic about Keynes' theory...
+Vote!
UK Economics Blog (Free subscription) | 7 hours ago
US interest rate graph WRITING in Slate magazine in 1997, Paul Krugman, an American economist, neatly captured the widespread belief in the omnipotence of the then-chairman of the Federal Reserve. “If you want a simple model for predicting the unemployment rate in the United States over the next few years, here it is: it will be what [Alan] Greenspan wants it to be, plus or minus a random error reflecting...
+Vote!
Mickey's Musings (Free subscription) | yesterday
Princeton economics professor Paul Krugman writes in today's New York Times that now is not the time to worry about budget deficits. What made fiscal austerity such a bad idea both in Roosevelt’s America and in 1990s Japan were special circumstances: in both cases the government pulled back in the face of a liquidity trap, a situation in which the monetary authority had cut interest rates as far
+Vote!
Political Animal (Free subscription) | yesterday
HOW WE LEARNED TO STOP WORRYING AND LOVE DEFICIT SPENDING.... The federal government's annual budget deficit is poised to hit $1 trillion, about the double the previous record. Paul Krugman explains today that Barack Obama really shouldn't care about addressing...
