Author Archives: IT Helpdesk MG-PT

Paul Krugman: Bleeding the Patient: A Drama


Bleeding the Patient: A Drama, by Paul Krugman, in NY Times: The Irish Economy has the script, lifted from comments on a piece about the ECB still defending austerity; reposted here after the jump.   Re Box 6, By Gavin Kostick … Continue reading

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Paul Krugman: Robots and Robber Barons


Robots and Robber Barons, by Paul Krugman, in NY Times: The American economy is still, by most measures, deeply depressed. But corporate profits are at a record high. How is that possible? It’s simple: profits have surged as a share of … Continue reading

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Paul Krugman: Macro Trumps Micro


Macro Trumps Micro, by Paul Krugman, in NY Times: Or, as the late James Tobin used to say, it takes a lot of Harberger triangles to fill an Okun gap. Dean Baker catches David Ignatius suggesting that trade liberalization can provide … Continue reading

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Paul Krugman: The Europe-in-Rubble Excuse


The Europe-in-Rubble Excuse, by Paul Krugman, in NY Times: Whenever I point out how well America did with strong unions and highly progressive taxation after World War II, I can count on conservatives trying to resolve their cognitive dissonance by saying … Continue reading

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Speech by Mario Draghi, President of the ECB, Milan, 15 November 2012


Interesting speech to read later: The monetary policy of the European Central Bank and its transmission in the euro area. … The single currency was identified as the solution. Today, we see that this solution was incomplete. The crisis has exposed … Continue reading

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Paul Krugman: The Austerity Bomb


The Austerity Bomb, by Paul Krugman, in NY Times: Brian Beutler of Talking Points Memo seems to have been the first to use the phrase “austerity bomb” for what’s scheduled to happen at the end of the year. It’s a … Continue reading

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Paul Krugman: Cliff Confusions


Cliff Confusions, by Paul Krugman, in NY Times: While I have access, let me point you to an excellent post by Suzy Khimm making a point I should have made: the only reason to worry about the fiscal cliff is if … Continue reading

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Paul Krugman: A Tragic Vindication


A Tragic Vindication, by Paul Krugman, in NY Times: I’m sorry to say that I’m on the road again, this time at the World Knowledge Forum in Seoul. Here’s a preview of my presentation: Or, maybe not. Anyway, blogging may … Continue reading

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