Category Archives: NYT

Paul Krugman: Nobody Pays Any Attention To What I Say


  Or that’s what people keep telling me. Actually, one of the odd but revealing things about modern conservatives is the way they alternate between paranoia about the vast left-wing conspiracy and insistence that people who disagree with them are … Continue reading

Posted in NYT, Paul Krugman | Leave a comment

Paul Krugman: Wells, Hitler, and the World State


  John Holbo has a fun post about the old H.G. Wells-based movie Things to Come, which embodied a vision of the future that used to be quite popular among intellectuals — that of a temporary dictatorship, not of the … Continue reading

Posted in HomeWork, NYT, Paul Krugman | Leave a comment

Paul Krugman: Florida Versus Spain, An Update


  I’ve suggested on a number of occasions that one good way to understand the problems of the euro is to compare the experiences of Florida and Spain. Both had huge housing bubbles, fed in part by buyers of coastal … Continue reading

Posted in Europe, NYT, Paul Krugman | Leave a comment

Paul Krugman: Naive Fiscal Cynicism


  Expansionary austerity has been refuted and even the IMF sayis that short-run multipliers are big. The 90 percent red line on debt was an artifact of fuzzy math. The bond vigilantes remain invisible, and the confidence fairy refuses to … Continue reading

Posted in Austerity, NYT, Paul Krugman | Leave a comment

Paul Krugman: Monetarism Falls Short (Somewhat Wonkish)


  The central debate over macroeconomic policy is, of course, between Keynesians and Austerians. And at this point the Keynesians have overwhelmingly won the debate everywhere except where it matters – the intellectual basis for austerity economics has collapsed, but … Continue reading

Posted in Austerity, NYT, Paul Krugman | Leave a comment

Paul Krugman: The 1 Percent’s Solution


  Economic debates rarely end with a T.K.O. But the great policy debate of recent years between Keynesians, who advocate sustaining and, indeed, increasing government spending in a depression, and austerians, who demand immediate spending cuts, comes close — at … Continue reading

Posted in austerians, Austerity, “Saltwater” vs “Freshwater”, NYT, Paul Krugman | 2 Comments

Paul Krugman: Academic Non-Obscurity


  Robert Samuelson tries to minimize the significance of the Reinhart-Rogoff affair; and that, I realized, offers an interesting window into why, in fact, the affair matters so much. Samuelson starts by excusing R-R on the grounds that the economic … Continue reading

Posted in Austerity, NYT, Paul Krugman | Leave a comment

Paul Krugman: Reinhart-Rogoff, Continued


  I was going to post something sort of kind of defending Reinhart-Rogoff in the wake of the new revelations — not their results, which I never believed, nor their failure to carefully test their results for robustness, but rather … Continue reading

Posted in Macroeconomics, NYT, Paul Krugman | Leave a comment

Paul Krugman: Evidence and Economic Policy


  Henry Blodget says that the economic debate is over; the austerians have lost and whatshisname has won. And it’s definitely true that in sheer intellectual terms, this is looking like an epic rout. The main economic studies that supposedly … Continue reading

Posted in NYT, Paul Krugman | Leave a comment

Paul Krugman: Domo Arigato, Mr. Roboto — I Mean, Mr. Smith


  Noah Smith says I’m Voltron the Invincible. Pardon me while I blush. But he says that my track record doesn’t come from knowing IS-LM, it comes from knowing about Japan. I think he has a point, but it’s not … Continue reading

Posted in "Sinners" or not "Sinners", Austerity, “Saltwater” vs “Freshwater”, NYT, Paul Krugman | 1 Comment