The Austrian Economists logo The Austrian Economists 1 month ago

Paul Krugman and Scott Sumner -- who is Nominally Misguided or Speaking Nominal Nonsense?

Paul Krugman provides his take on the Beckworth graph showing the collapse of nominal spending and relates it to his 1998 work on Japan. The upshot, monetary policy will not produce the desired effect in our current situation. Full Article at The Austrian Economists

Related Topics:

  1. Federal Reserve
  2. Ben Bernanke
  3. Barack Obama

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  1. WASHINGTON - DECEMBER 03: U.S. Treasury Secretary Timothy Geithner (2L) sits with journalists, including New York Times columnist and Nobel Prize-winning economist Paul Krugman (2R), during the closing session of the administration's Jobs and Economic Growth Forum in the Eisenhower Executive Off...
  2. Nobel Memorial Prize-winning economist Paul Krugman speaks in a press conference during the World Knowledge Forum in Seoul, South Korea, Wednesday, Oct. 14, 2009.
  3. NEW YORK - MAY 03: Designe Marc Jacobs, New York Times Magazine editor Gerald Marzorati, and New York Times writer Paul Krugman attends the 4th Annual New York Times Sunday with the Magazine at TheTimesCenter on May 3, 2009 in New York City.
  4. STOCKHOLM, SWEDEN - DECEMBER 10: Paul Krugman bows as he receives his Nobel Prize in Economics during the Nobel Foundation Prize 2008 Awards Ceremony at the Concert Hall on December 10, 2008 in Stockholm, Sweden.
  5. WASHINGTON - NOVEMBER 24: U.S. President George W. Bush (2L) poses for photographs with the American winners of the 2008 Nobel Prize for Chemistry Roger Yonchien Tsien (R) and Martin Chalfie (2R) and the winner for Economics Paul Krugman in the Oval Office at the White House November 24, 2008 in...
  6. Nobel Prize 2008 recipient in economics Paul Krugman speaks on the global financial crisis November 14, 2008 at a news conference in New York.
  7. PRINCETON, NJ - OCTOBER 13: Princeton Professor and New York Times columnist Paul Krugman smiles during a press conference to announce his winning the Nobel Prize October 13, 2008 in Princeton, New Jersey.
  8. U.S. President Barack Obama's special envoy for North Korea, Stephen Bosworth leaves for North Korea at a hotel in Seoul, South Korea, Tuesday, Dec. 8, 2009.
  9. WASHINGTON - DECEMBER 07: U.S. President Barack Obama (R) meets with Prime Minister of Turkey Recep Tayyip Erdogan (L) in the Oval Office of the White House December 7, 2009 in Washington, DC.

Cast of Characters

  1. Federal Reserve Federal Reserve
  2. Ben Bernanke Ben Bernanke
  3. Barack Obama Barack Obama
  4. Alan Greenspan Alan Greenspan
  5. White House White House
  6. U.S. Congress U.S. Congress