I thought the recommendations for balancing the budget that came out of the Bowles-Simpson committee gave far too much to the GOP – the solutions that were proposed were much further to the right of the political spectrum than I would have preferred. My...

I thought the recommendations for balancing the budget that came out of the Bowles-Simpson committee gave far too much to the GOP - the solutions that were proposed were much further to the right of the political spectrum than I would have preferred. My...

For one thing, it substitutes for a more meaningful response. Imagine if you had to comment on a post by saying, "I liked this post." It would be inane. "Dear Paul Krugman, I liked your column." "Dear Jonathan Bogart, I liked your essay." This is...

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Saez and Diamond argue that the right marginal tax rate for North Atlantic societies to impose on their richest citizens is 70%. It is an arresting assertion, given the tax-cut mania that has prevailed in these societies for the past 30 years, but...

Let’s be honest, quite a few Americans love a good war, especially those Americans who have never had to bear witness to one first hand. War is the ultimate tribally vicarious experience. Anyone, even pudgy armchair generals with deep-seated feelings of...

I blame myself. As Ball recently showed, the warning signs were there. Ever since 2003 Bernanke was increasingly absorbed into Fed-think, which doesn’t allow for price level or NGDP commitments that might later embarrass the Fed. PS. After I completed...

Easily accessed evidence proves Mr. Krugman wrong. Here, for example, is economist Steven Horwitz: “the real size of government spending in 1933 was almost double that of 1929. The budget deficits of 1931 and

Tehren is likely to increase these terrorist activities, based on the belief that nuclear weapons could provide an umbrella and that its regional enemies are weak and irresolute, says Stephen Blank. Thomas Edsall asks: What if the legitimacy of free...

The Big Story: A Surplus of Yawns President Obama’s budget , which includes $24 billion in cuts, sets off an election year fight. Here’s a good summary. The Calafia Beach Pundit says that fiscal austerity might not be so bad after all (Paul Krugman...

John Bates Clark Medal—an honor bestowed biennially on the American economist under 40 who has made major contributions to his profession—you’ve already taken home a piece of hardware considered by many economists to be slightly harder to win than a...

Reducing aggregate demand when spending is already falling makes things worse, not better: You can follow this conversation by subscribing to the comment feed for this post. Pain Without Gain, by Paul Krugman, Commentary, NY Times: Last week the...

Pretend what? Pretend that borrowing and essentially printing new dollars is the same thing as actually having a productive, prosperous economy. Print money and get rich! The Keynesian view of the economy is pretty simple. Factors of production are...

Such beneficiaries go against their own interest if they favor smaller government—so it is alleged. Thus Paul Krugman in the NYT largely agrees with Thomas Frank, who attributed apparent red state ingratitude to the exploitation of social issues by...

Tighter fiscal policy has, however, coincided with renewed economic slowdown or even contraction. Against this backdrop, the ranks of commentators who view austerity as potentially self-defeating have swollen. Paul Krugman (2012) and Carlo Cottarelli...

But she added that there simply was no alternative. Today, Ms. Marcussen is much less comfortable with continued deep public-sector cutbacks. Although not in the austerity-is-idiotic-in-hard-times camp of a Paul Krugman, she suggests it’s high time for...

Can't we get Paul Krugman back to refute some of George Will's hackery instead of being treated to guests like Dobbs, and Laura Ingraham and Dana Loesch? Dobbs did his best to play the "blame the media" game here by claiming that it's the press that...

18 (Bloomberg) -- Nobel-prize winning economist Paul Krugman maintained his calls for government spending to create jobs after being labeled a “crude Keynesian” by fellow academic Jeffrey Sachs. “The job of the government” is “to step in,” Krugman, a...

It was a key point in Keynes’s “The General Theory of Employment, Interest and Money.” It was the chief rationale for the 2009 stimulus package, and many self-identified Keynesians, such as former White House adviser Christina Romer and economist Paul...