Paul Krugman News
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Along with small-government extremists on the Republican side, Krugman and his admirers were at the forefront in casting discussion of the stimulus in left vs. right terms.
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Could I say a word about Paul Krugman? A recent blog post by the eminent economist and New York Times columnist struck me as out of the ordinary, even for him. Krugman was responding to critics who accuse him of seeing everybody who disagrees with him as either a fool or a knave. He says that’s not right: Many of those who disagree with him are sociopaths.
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The Bretton Woods economic conference would make a great movie: Dashing celebrity economist John Maynard Keynes of the U.K. squared off against U.S. Treasury official Harry Dexter White, who was later revealed to be a Soviet spy.
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Today's jobs report shows that good monetary policy can offset bad fiscal policy, but it's not yet time to say fiscal policy doesn't matter.
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By now, you’re probably tired of all the back-and-forth on Reinhart and Rogoff. That would be Harvard University’s Carmen Reinhart and Kenneth Rogoff, the economists who co-authored the 2009 best-seller, “This Time Is Different: Eight Centuries of Financial Folly,” and who are now on the firing line because of minor data errors in a 2010 working paper.
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At a time when politicians are squeezing budgets to cut borrowing, the bond market is clamoring for more debt, pushing yields on almost $20 trillion of government securities to less than 1 percent.
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Global policy makers and economists are staging a retrial of austerity as new evidence arises.
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Harvard University economists Carmen Reinhart and Kenneth Rogoff have defended the technical aspects of a 2010 paper that’s been cited in the U.S. and Europe to bolster arguments to drive down budget deficits, saying their critics have “politicized the issue.”
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David Stockman credits his harshest critic, Nobel Prize-winning economist Paul Krugman, for boosting sales of his new book, “The Great Deformation: The Corruption of Capitalism in America.”
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European finance chiefs reiterated their faith in budget cuts after a challenge to academic research they had used to buttress their case.
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