Krugman's setting himself up to be sure he's not on the wrong side of the fiscal cliff deal in the making when it's done --- see his blog entry today "The Deal Dilemma." He's doing this by waffling between ss cuts (via chained CPI) being "acceptable" if tax revenues increase via dividends ...
Krugman's blog today includes "Something (Everything) Rotten in the State of Macro" , in which he ends with the statement:
"The state of macro is, in fact, rotten, and will remain so until the cult that has taken over half the field is somehow dislodged."
To this statement (bold type is my emphasis) I respond that to ...
Krugman made a statement at the end of his blog of Nov 24, A Meta Modeling Meditation, which made me think about Econ as a science. Hist statement was
And yes, I?ve changed my models, mainly in the face of experience. For example, I didn?t take either the liquidity trap or the possibility of self-fulfilling currency crises ...
The fear, uncertainty, & doubt spread by the financial industry if the "fiscal cliff" occurs is pure bunk (bunk translation: has no merit in fact). The FUD is propaganda designed to scare investors and business into forcing a "grand bargain" by legislators. The oft fabled bond vigilantes will ...
In Krugman's blog today (Thanksgiving) he reminds us of his 1994 paper (Does Third World Growth Hurt First World Prosperity) purported to show that trade among rich and poor nations has no adverse real effect on the rich nations. It's a well written, easy to understand paper where he argues that third world ...
I finished Krugman's End This Depression Now.... nothing new as you said if you're familiar with his blog, but it's put all his stuff on the issue(s) together nicely in an organized and layman readable form. It's hard to argue his evidence doesn't warrant the actions he proposes.
It's about time somebody besides me calls the current political issues for what it really is .. class war. This moniker has been lacking entirely by news, pundits, and economist's blogs, band in fact refuted by both sides of the political isle. That Krugman is now willing to call it like it is (and has been since Reagan in ...
Krugman's piece today on China
Financial Repression, Chinese Style (here, Oct 11 blog entry)
says essentially that the system will implode when the elder savings generation starts using those savings. I think this is more than just a little wishful thinking on Krugman's part. The essence of my belief that he's wrong in ...
Krugman ends his NYT May 3 Op-ed Plutocracy, Paralysis, Perplexity with this statement:
...Krugman ends his NYT May 3 Op-ed Plutocracy, Paralysis, Perplexity with this statement:
...
It only goes to show what I've been saying for a long, long time already... education isn't the panacea that differentiates between rational and irrational choices ... facts don't have too much real weight in the scheme of things human... propoganda rules all... just like it did to propel the national socialists to power in&...
The chart shown in Krugman's blog is originally from this source this source. The chart shows:
Inflation-adjusted GDP per capita and median family income from 1947 (the earliest year for which the income data are available) to 2007. To facilitate comparison of the over-time trends, each is indexed to its 1973 level.
...I won't link to that blog entry directly (since it eats into my free 20 entries/mo.into NYT), but you can get there without using any free entries to NYT by clicking on "go to Krugman's blog" instead of clicking on any of the individual blog entries... use this link..
Anyway, the ...
Read the last sentence.
http://krugman.blogs.nytimes.com/2011/10/22/an-insurance-company-with-an-army-2/
"...call for delegating more policy to panels of nonpolitical experts..."...
"It?s not going to be easy. But until that U-turn happens, the bleeding ? which is making our economy weaker now, and undermining its future at the same ...
I've commented on krugmans' failure to use a valid measure of where the economic output is with respect to stable inflation level employment in normal times.... he's previously shown only the extension of the housing bubble's economy with respect to where were at now... and since the housing bubble's economy was an artificial & ...
From Krugman's blog today
"Truly, our public discourse has been entirely about problems we don?t have, at the expense of dealing with the problems we do have."
This is not by accident or chance, rather it's a designed and executed maneuver to flank ...