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Austerity: Still Bad?

Paul Krugman: Monetary and Fiscal Implications of Secular Stagnation
Crooked Timber: If this is “secular stagnation”, I want my old job back
The Global Bezzle – whence it came, where it went and why it matters (repost from 2011) [more inside]
posted by the man of twists and turns on Dec 1, 2013 - 28 comments

The World in 2096 According to Paul Krugman in 1996

White Collars Turn Blue: "But computers are proficient at analyzing symbols; it is the messiness of the real world that they have trouble with. Furthermore, symbols can be transmitted easily to Asmara or La Paz and analyzed there for a fraction of the cost in Boston. Therefore, many of the jobs that once required a college degree have been eliminated... So enrollment in colleges and universities has dropped almost two-thirds since its peak at the turn of the century. The prestigious universities coped by reverting to an older role. Today a place like Harvard is, as it was in the 19th century, more of a social institution than a scholarly one -- a place for children of the wealthy to refine their social graces and befriend others of their class... While business gurus were proclaiming the new dominance of creativity and innovation over mere production, the growing ease with which information was transmitted and reproduced made it harder for creators to profit from their creations... How, then, could creativity be made to pay? The answer was already becoming apparent a century ago: creations must make money indirectly by promoting sales of something else."
posted by bookman117 on Sep 21, 2013 - 24 comments

"Politics determine who has the power, not who has the truth."

Breitbarted! [BUSINESSINSIDER.COM] "Conservative news site Breitbart.com duped by fake story that Paul Krugman declared dankruptcy. A satirical item published last week purporting that economist Paul Krugman had filed for bankruptcy has spread to Boston.com and the conservative website Breitbart this morning. The item originated in The Daily Currant, a satirical news site. Austria's Format online magazine picked it up, and their report was subsequently cited by Boston.com [It has since been taken down 404 error.]. Then it spread to Breitbart. It has since been taken down this morning, but here's a screenshot:" [more inside]
posted by Fizz on Mar 11, 2013 - 59 comments

Fiscal-Cliff-Diving

There's been a lot of talk in the US media about the "Fiscal Cliff" and the "Grand Bargain" What are they?
The "fiscal cliff" is a confluence of three legal changes taking effect Jan. 1: the expiration of a payroll-tax cut, the expiration of the Bush-era tax cuts, and the advent of mandatory spending cuts known as "sequestration."
Fiscal Cliff 101: 5 Basic Questions Answered. What's Happening: Fiscal Cliff Explained [more inside]
posted by the man of twists and turns on Dec 1, 2012 - 214 comments

Unemployment: still terrible

Obama to Congressional Republicans: pass this jobs bill, or take the blame. The Economist has the details of the plan. Paul Krugman describes the plan as significantly bolder and better than expected. Good news and bad news: Obama's plan would work, but GOP won't pass it. Why not? [more inside]
posted by russilwvong on Sep 10, 2011 - 212 comments

Wag the Dalek

The Outer Limits episode, The Architects of Fear is built around faking an alien invasion in order to stop nuclear armageddon. In a recent interview, Paul Krugman of the New York Times proposed a fake alien invasion to stimulate the economy.
posted by Xurando on Aug 18, 2011 - 45 comments

Krugman and Wells on the economic slump

Paul Krugman and Robin Wells have a long two-part essay in the New York Review of Books on the current economic slump. The Slump Goes On: Why? And The Way Out of the Slump.
Since around June 2009 many indicators have been pointing up: GDP has been rising in all major economies, world industrial production has been rising, and US corporate profits have recovered to pre-crisis levels. Yet unemployment has hardly fallen in either the United States or Europe--which means that the plight of the unemployed, especially in America with its minimal safety net, has grown steadily worse as benefits run out and savings are exhausted. And little relief is in sight: unemployment is still rising in the hardest-hit European economies, US economic growth is clearly slowing, and many economic forecasters expect America's unemployment rate to remain high or even to rise over the course of the next year.
[more inside]
posted by russilwvong on Sep 28, 2010 - 41 comments

The Power of Ideas

What to Do. 2008 Nobel Laureate in Economics Paul Krugman on what to do about the economic crisis. [Via]
posted by homunculus on Nov 30, 2008 - 67 comments

New Trade Theory

Where no economist had gone before. Paul Krugman posts a type-written paper on interstellar trade which he wrote as "an oppressed assistant professor" in the '70s. I do not propose to develop a theory which is universally valid, but it may at least have some galactic relevance. [pdf link]
posted by grobstein on Mar 11, 2008 - 25 comments

Chaka, When the Walls Fell.

Reagan at Neshoba. Some time ago, a blog post was authored at Mahablog which suggested that movement politics can best be understood when their rhetoric is viewed as a series of metaphors, with an allegory made to a spectacular episode of Stark Trek: The Next Generation featuring Paul Winfield titled "Darmok". Picard and crew stumble across an alien race that speaks only in metaphor. The alien captain, frustrated by the failure to communicate, transports Picard to the surface of a planet, where they must learn to communicate or die. The alien captain does finally reach Picard, but dies as a result of his injuries battling an invisible predator. By way of comparison, examine Candidate Ronald Reagan's speech at Neshoba [audio, 57MB, via, additional context here]. Some pundits are claiming that it is an example of the Southern Strategy codified as dog-whistle politics, whilst others view it as an honest mistake, and others still find an inconvenient long sequence of other "honest mistakes". [more inside]
posted by rzklkng on Nov 13, 2007 - 128 comments

Origins of the US carpet industry

How do regional clusters of economic activity get started? For example, why is Dalton, a town in northern Georgia, the center of the American carpet industry? It started with a farm girl named Catherine Evans, who made a tufted bedspread as a wedding present in 1900. Via Paul Krugman.
posted by russilwvong on Nov 10, 2007 - 9 comments

Climate change policy

Everyone complains about the weather, but nobody does anything about it. What are the climate change policy options? Paul Krugman on tax-shifting. William Nordhaus on carbon taxes vs. cap-and-trade (PDF). Mark Jaccard, Nic Rivers, and Matt Horne note that in Canada, voluntary measures and subsidies haven't worked, and propose a detailed policy package (PDF). [more inside]
posted by russilwvong on Feb 21, 2007 - 6 comments

Paul Krugman: The best places to get sick

Paul Krugman: The best places to get sick A dozen years ago, everyone was talking about an American health care crisis. But then the issue faded from view: A few years of good data led many people to conclude that HMOs and other innovations had ended the historic trend of rising medical costs. But the pause in the growth of health care costs in the 1990s proved temporary. Medical costs are once again rising rapidly and the U.S. health care system is once again in crisis. So now is a good time to ask why other advanced countries manage to spend so much less than we Americans do, while getting better results.
posted by Postroad on Apr 17, 2005 - 67 comments

If you see something, say something

The malefactors of great wealth and the religious right. Economist Paul Krugman on insufficient necessity.
posted by the fire you left me on Sep 5, 2004 - 19 comments

maybe o'reilly will shut up

The producer strikes back. After crowing Monday about how he made mincemeat of NYT columnist Paul Krugman on The Factor, O'Reilly gets rebutted on Tuesday via quicktime on the blog of Outfoxed co-producer Jim Gilliam.
posted by tsarfan on Aug 11, 2004 - 104 comments

Paul Krugman gives some free advice

Paul Krugman gives some free advice to reporters covering the election.
posted by skallas on Dec 25, 2003 - 39 comments

Can you spot the difference in these two pictures?

In the United States, the cover of Paul Krugman's new book is a little bit different than the cover in England. (from Atrios)
posted by limitedpie on Nov 20, 2003 - 24 comments

Krugman on Media and Economics

Video of Krugman on Media and Economics
If Bush said the earth is flat, of course Fox News would say "Yes, the earth is flat, and anyone who says different is unpatriotic." And mainstream media would have stories with the headline: "Shape of Earth: Views Differ; and would at most report that some Democrats say that it's round."
So said Paul Krugman during a recent interview in Boston with Chris Lydon, former host of NPR's 'The Connection.'
posted by ericrolph on Sep 22, 2003 - 28 comments

Khaki and Camo

Paul Krugman writes that the Bush administration will fight a "khaki election" next year, taking advantage of the general good feeling after the Iraq war. The original khaki election was the British election of 1900, contested during the Boer War. Our armed forces don't really wear khaki so much anymore and I think we need a new term. I suggest calling 2004 the "Camo Election." Any better suggestions?
posted by Mekon on Jun 3, 2003 - 26 comments

Paul Krugman

Paul Krugman, Princeton prof and NYTimes columnist is the subject of a Google Question. Some one wants to know "What kind of house does he live in? What kind of car does he drive? Is anything known about his personal life (hobbies, sports, sexual orientation, etc)? ". Krugman himself answers with panache and asks for the money!
posted by tboz on Jan 12, 2003 - 17 comments

For Richer: the first in a New York Times series on class in the United States. Princeton economics professor Paul Krugman declares the death of the middle class, pointing out disparities between the rich and the poor, examining efforts to cover up class makeup with quantile data, and probing the transformation of corporate executive ethics and influence. Even Glenn Reynolds is taken to task for his Sweden-Mississippi per capita GDP comparison. Krugman's sources are on the slim side, but the question must be asked: Are we living in a new Gilded Age? And, if so, how can citizens and government work to change things?
posted by ed on Oct 20, 2002 - 53 comments

Dishonesty

Dishonesty in defense of tax cuts. Paul Krugman sets the record straight with refreshing honesty. If only he were in charge of our country's economics... From the CEO White House to our Banana Republics to our largest corporations budgetary dishonesty abounds and we'll eventually have to pay the bill.
posted by nofundy on Jul 30, 2002 - 7 comments

Paul Krugman's Musings Upon Reading Kevin Phillip's Wealth and Democracy

Plutocracy and Politics. Paul Krugman's musings upon reading Kevin Phillip's Wealth and Democracy: How Great Fortunes and Government Created America's Aristocracy, reviewed here by Bruce Reed of the Washington Monthly. Also, Three Questions For Kevin Phillips.
posted by y2karl on Jun 14, 2002 - 9 comments

What do Greenspan, Enron and the number 11 all have in common? Economist and NYT colimnist Paul Krugman notes with not too much irony that "Just one month ago the James A. Baker III Institute presented Alan Greenspan with its Enron Prize." (a big wince over regretable timing, and the emphasis is mine) No big conspiracy here, but the general thrust of Krugman's column (NYT link) is that somethings got to give if things are to again get real (good). Lots of interesting under-reported economic factoids in the article make for enlightening reading.
posted by BentPenguin on Dec 14, 2001 - 3 comments

Here's

Here's a short but sweet Paul Krugman critique of the House stimulus bill.
posted by electro on Nov 1, 2001 - 57 comments

That didn't take long.

That didn't take long. Thanks to Paul Krugman; it's high time someone disagreed with Bush's wrongheaded fiscal ideas. Bush is going back to fuzzy math to justify another tax cut.
posted by Yelling At Nothing on Oct 7, 2001 - 8 comments

Do internal memos reveal oil refineries engaged in price-fixing?

Do internal memos reveal oil refineries engaged in price-fixing? From Joshua Micah Marshall's Talking Points memo; links to a Paul Krugman NYT op-ed, but far more intriguingly to Sen. Ron Wyden's (D-OR) webpage, where on June 14th he released his report on alleged price fixing by varied oil refineries based on internal memos and documents of these companies. These types of allegations have been made before, but there is some rather damning language from those internal memos...
posted by hincandenza on Jun 28, 2001 - 4 comments

I Love Paul Krugman! He, better than any writer I have seen, cuts through all the political BS to expose the Republican party, whose members, for the most part, obtain office by cleverly deceiving the little people on what is in their interest. I would love to see PK "debate" the President (link to the NYTIMES--make up a username/password if don't have one and you're that concerned).
posted by ParisParamus on Apr 11, 2001 - 20 comments

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