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Nobel Prize-winning economist Paul Krugman said he plans to sell some of his investments in Brazil on concern that asset prices are overvalued after record inflows made the real the world's best performing major currency. Full Article at China Post
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Note from Hot Air management: This section is for comments from Hot Air's community of registered readers. Please don't assume that Hot Air management agrees with or otherwise endorses any particular comment just because we let it stand. Full Article at Hot Air
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"Days like to today bring to reality the vision of our board of directors, when we founded this organization five years ago, We envisioned a mass movement, a state-based one, but national in scope, of hundreds of thousands of American citizens from... Full Article at Huffington Post
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Foreign Policy magazine asks Bill Clinton “Who do you think is the smartest, most penetrating thinker you know (maybe other than your own family)? Full Article at Matthew Yglesias
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There is no cause to worry. Full Article at Energy Bulletin
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Reflecting the antagonism Bernanke faces in Congress, Sen. Bernie Sanders of Vermont placed a hold on the Fed chief's nomination late Wednesday. Full Article at Mother Jones
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"Flexing his muscles as he had rarely done before, Bernanke won the FOMC’s backing for what — for the Fed — was a king-size rate cut: three-quarters of a percentage point, with a strong hint of more to come at the FOMC meeting scheduled for the... Full Article at The Economics of Contempt
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In a recent post at Financial Armageddon, I took issue with the claim by Paul Krugman, Dean Baker, and others that low yields on U.S. Treasury and other bonds can be seen as validation of Washington’s aggressive policy of spending and borrowing to... Full Article at The Big Picture
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Submitted by Anonymous (not verified) on Wed Dec. 2, 2009 11:01 PM PST. Full Article at Mother Jones
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Nearly a decade ago, Washington turned to tax cuts as the solution to unemployment in the economic recession following the September 11th attacks. Full Article at U.S. News & World Report
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Dec. 2 (Bloomberg) -- Nobel Prize-winning economist Paul Krugman said he plans to sell some of his investments in Brazil on concern that asset prices are overvalued after record inflows made the real the world’s best performing major currency. Full Article at Bloomberg.com
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Opinion - Banking Money & Banking - Insight (The author is Governor, Reserve Bank of India.) Edited-excerpts from the Keynote address at the International Finance and Banking Conference organised by the Indian Merchants' Full Article at Hindu Business Line
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In advance of the president's jobs summit, economist Paul Krugman is finally calling for government job-creation. "It's time for at least a small-scale version of the New Deal's Works Progress Administration" writes Krugman. Full Article at NPR
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On Monday, I mentioned some of the terrible ideas that New York Times columnist and former economist Paul Krugman had for the recovery. It pretty much boiled down to spending more money. Full Article at The Corner
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Paul Krugman, in a column last month for the New York Times, endorsed a tax on financial transactions, proposed recently by Adair Turner, Britain’s top financial regulator. Full Article at Peterson Institute
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Ever since Barack Obama's inauguration, progressives have been able to point to one segment of the traditional media that consistently bears witness to the depth of change implied by the Democratic landslide: the chastened demeanor of George Will on... Full Article at The Nation
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Officials' 'fatal conceit' has hurt our economy In his Nov. 21 column, "Trust, Squandered," Paul Krugman blames bad bailout decisions by government officials for the fact that the economy is "still in deep trouble" and that unemployment is in "double... Full Article at Pittsburgh Post-Gazette
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The challenges facing President Obama and the U.S. Congress have not gone away. Full Article at Grist
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My last article ”Alex Constantine Returns” really got him hard. He then responded, like his last response to my article Refuting Alex Constantine, rather than be creative with another title like me, just said Re: and copied my title. Full Article at Town Hall
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In July 2008 Nobel laureate Paul Krugman wrote that Fannie Mae and Freddie Mac (the GSEs) "didn't do any subprime lending, because they can't: the definition of a subprime loan is precisely a loan that doesn't meet the requirement, imposed by law, that... Full Article at Real Clear Markets
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Nobel prize-winning economist Paul Krugman (L) is greeted with flowers as he arrives at a government guest house in Hanoi on May 22, 2009.
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Nobel prize-winning economist Paul Krugman (L) sits next to Vietnamese Foreign Minister Pham Gia Khiem as they attend a meeting with Vietnamese economists and officials over recommendations on Vietnam's development strategy in the world economy and post-financial crisis, in Hanoi on May...
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Nobel prize-winning economist Paul Krugman (R) attends a meeting with Vietnamese economists and officials over recommendations on Vietnam's development strategy in world economy and post-financial crisis, in Hanoi on May 22, 2009.
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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.
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U.S. economist and Nobel Prize winner Paul Krugman, left, listens during a joint media conference with EU Commissioner for Enterprise Guenter Verheugen at EU headquarters in Brussels, Tuesday March 17, 2009.
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U.S. economist and Nobel Prize winner Paul Krugman, left, speaks during a joint media conference with EU Commissioner for Enterprise Guenter Verheugen at EU headquarters in Brussels, Tuesday March 17, 2009.
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2008 Nobel economy prize laureate Paul Krugman (L) of the United States receives his award from Swedish King Carl XVI Gustaf in Stockholm on December 10, 2008.
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2008 Nobel economy prize laureate Paul Krugman (L) of the United States receives his award from Swedish King Carl XVI Gustaf in Stockholm on December 10, 2008.
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U.S. economist and New York Times columnist Paul Krugman, left, laureate of the Nobel Memorial Prize in Economic Sciences, receives his medal and diploma from Sweden's King Carl XVI Gustaf, right, during the Nobel Prize awards ceremony in Stockholm, Sweden, Wednesday, Dec. 10, 2008.
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The 2008 Nobel laureate of Economy Paul Krugman speaks with Swedish Princess Madeleine during the Banquet at the city-Hall of Stockholm, on December 10, 2008.
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The 2008 Nobel laureate of Economy Paul Krugman speaks with Princess Madeleine( C) during the Banquet at the city-Hall of Stockholm, December 10, 2008.
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STOCKHOLM, SWEDEN - DECEMBER 10: French writer Jean-Marie Gustave Le Clezio, winner of the 2008 Nobel Prize in Literature, and Nobel Prize winner in Economics Paul Krugman attend the Nobel Foundation Prize 2008 Awards Ceremony at the Concert Hall on December 10, 2008 in Stockholm, Swed...
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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.
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From left: 2008 Nobel medecine prize laureates Françoise Barré-Sinoussi and Luc Montagnier both of France, literature laureate Jean-Marie Le Clezio of France, economy laureate Paul Krugman of the United States attend the awards ceremony in Stockholm on December 10, 2008.
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From left: 2008 Nobel medecine prize laureate Luc Montagnier of France, literature laureate Jean-Marie Le Clezio of France, economy laureate Paul Krugman of the United States attend the awards ceremony in Stockholm on December 10, 2008.
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2008 Nobel economy prize laureate Paul Krugman (R) of the United States and literature laureate Jean-Marie Le Clezio of France attend the awards ceremony in Stockholm on December 10, 2008.
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2008 Nobel economy prize laureate Paul Krugman (L) of the United States receives his award from Swedish King Carl XVI Gustaf in Stockholm on December 10, 2008.
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2008 Nobel economy prize laureate Paul Krugman (L) of the United States receives his award from Swedish King Carl XVI Gustaf in Stockholm on December 10, 2008.
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Nobel prize winner for Economy Sciences Paul Krugman of the US speaks during a press conference after his lecture at Aula Magna auditorium at Stockholm University on December 8, 2008 in Stockholm.
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Nobel prize winner for Economy Sciences Paul Krugman of the US listens to questions during a press conference after his lecture at Aula Magna auditorium at Stockholm University on December 8, 2008 in Stockholm.
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Nobel prize winner for Economy Sciences Paul Krugman of the US listens to questions during a press conference after his lecture at Aula Magna auditorium at Stockholm University on December 8, 2008 in Stockholm.
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Nobel prize winner for Economy Sciences Paul Krugman of the US gives his lecture at Aula Magna auditorium at Stockholm University on December 8, 2008 in Stockholm.
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Nobel prize winner for Economy Sciences Paul Krugman of the US gives his lecture at Aula Magna auditorium at Stockholm University on December 8, 2008 in Stockholm.
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Nobel prize winner for Economy Sciences Paul Krugman of the US gives his lecture at Aula Magna auditorium at Stockholm University on December 8, 2008 in Stockholm.
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Nobel prize-winning economist Paul Krugman (L) sits next to Vietnamese Foreign Minister Pham Gia Khiem as they attend a meeting with Vietnamese economists and officials over recommendations on Vietnam's development strategy in the world economy and post-financial crisis, in Hanoi on May...
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He can't come out with a proposal for $10 or $20 billion of stuff because people will view that as a joke. There has to be a significant proposal ... If I had my druthers, if there were no limits politically, I'd say let's just have a really massive second stimulus plan to get the economy going, but sin...
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Paul Krugman, Milton Friedman, Ben Bernanke, all travelled to Japan and bashed Japan left and right
SOURCE: FOX Business -
China's bad behavior is posing a growing threat to the rest of the world economy
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Obama is moving and also can be ironic. He writes about unions and a book by Paul Krugman who won the Nobel Prize in economics and how he learned from him about the number of millionaires which grew from about 30, in the days of Rockefellers, and just a few who decided the destiny of the United States.
SOURCE: Counterpunch -
President Obama came into office with a strong mandate and proclaimed the need to take bold action on the economy. His actual actions, however, were cautious rather than bold. They were enough to pull the economy back from the brink, but not enough to bring unemployment down.
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Mr. Limbaugh desperately wants to buy into the NFL ... The Crips and Bloods comment will be recast to say that the NFL is beginning to look like Nobel laureates in economics Milton Friedman and Paul Krugman fighting over fiscal policy without considering the velocity of the money supply.
SOURCE: ChicagoNow -
President Obama came into office with a strong mandate and proclaimed the need to take bold action on the economy. His actual actions, however, were cautious rather than bold. They were enough to pull the economy back from the brink, but not enough to bring unemployment down.
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The gravity of the Nobel awards has not been augmented by some of their recent selections, including today's announcement, last year's award of the Economics prize [posthumously] to Paul Krugman, or the 2007 Peace Prize to Al Gore, whose global warming theories he will not defend in open debate. Maybe a...
SOURCE: Carpe Diem -
Unless something changes drastically, we’re looking at many years of high unemployment.
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Mark Miller contends that Paul Krugman, who is in face a Nobel-winning economist, knows his stuff.
SOURCE: Town Hall -
High unemployment doesn’t just punish the economy today; it punishes the future, too.
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As Paul Krugman keeps mentioning, recovery in Japan depended on rising net exports. Net exports is the key.
SOURCE: Economist's View -
The value of China's currency, unlike, say, the value of the British pound, isn't determined by supply and demand. Instead, Chinese authorities enforced that target by buying or selling their currency in the foreign exchange market - a policy made possible by restrictions on the ability of private inves...
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With the world economy still in a precarious state, beggar-thy-neighbor policies by major players can’t be tolerated ... Something must be done about China’s currency.
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the view that the events of the Great Depression were the result of a complete lack of understanding and that if only our grandfathers knew what we now know, it could have been prevented
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We basically replayed the first year of the Great Depression
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Sometimes I think that one of these days I’ll end up in one of those cages on Guantanamo Bay
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China needs a transformation to a growth strategy based upon domestic demand, particularly consumer demand
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Um, I’m not a political scientist ... Also, I can’t quite remember when I last received NSF support, but it has to be at least 20 years ago — and it was, of course, for work on international trade, work that, you know, won me a Clark Medal and that other prize.
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I was kind of hoping Obama might be FDR, but maybe not.
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It was an enormous physical stimulus ... It was, you know - we're getting all worked up about Obama who would be spending at max about 2.5 percent of the gross domestic product. World War II, of course, was more than 40 percent of gross domestic product at its peak. So this is trivial stuff that we're d...
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