Paul Krugman

Kavanaugh Will Kill the Constitution

The legitimacy of the Supreme Court is on the line.
Pub Date: 
Thu, 09/06/2018
Author: 

In Defense of Obama

The Nobel Prize-winning economist, once one of the president’s most notable critics, on why Obama is a historic success
Pub Date: 
Wed, 10/08/2014
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Source: 

The Austerity Agenda

Pub Date: 
Thu, 05/31/2012
Author: 

So the austerity drive in Britain isn’t really about debt and deficits at all; it’s about using deficit panic as an excuse to dismantle social programs. And this is, of course, exactly the same thing that has been happening in America.

Eastern Economic Journal

Pub Date: 
Tue, 06/21/2011
Author: 

But what became clear in the policy debate after the 2008 crisis was that many economists — including many macroeconomists — don’t know the simplest multiplier analysis. They literally know nothing about models in which aggregate demand can be determined by more than the quantity of money. I’m not saying that they have looked into such models and rejected them; they are unaware that it's even possible to tell a logically consistent Keynesian story.

Wall Street Whitewash

Pub Date: 
Thu, 12/16/2010
Author: 

In the end, those of us who expected the crisis to provide a teachable moment were right, but not in the way we expected. Never mind relearning the case for bank regulation; what we learned, instead, is what happens when an ideology backed by vast wealth and immense power confronts inconvenient facts. And the answer is, the facts lose.

America Goes Dark

Pub Date: 
Sun, 08/08/2010
Author: 

How did we get to this point? It’s the logical consequence of three decades of antigovernment rhetoric, rhetoric that has convinced many voters that a dollar collected in taxes is always a dollar wasted, that the public sector can’t do anything right.

The Defining Moment

Pub Date: 
Sat, 10/31/2009
Author: 

As a result, everyone in the political class — by which I mean politicians, people in the news media, and so on, basically whoever is in a position to influence the final stage of this legislative marathon — now has to make a choice. The seemingly impossible dream of fundamental health reform is just a few steps away from becoming reality, and each player has to decide whether he or she is going to help it across the finish line or stand in its way....

The Crisis and How to Deal with It

Pub Date: 
Thu, 06/11/2009

Paul Krugman: I think there are two big structural changes that we'd want to see. One is we need to reduce the role of the financial sector in the economy. We went from an economy in which about 4 percent of GDP came from the financial sector to an economy in which 8 percent of GDP come from the financial sector, and in which at its peak 41 percent of profits were being earned by the financial sector. And there is no reason to believe that anything productive happened as a result of all of that.

Money for Nothing

Pub Date: 
Sun, 04/26/2009
Author: 

Remember that the gilded Wall Street of 2007 was a fairly new phenomenon. From the 1930s until around 1980 banking was a staid, rather boring business that paid no better, on average, than other industries, yet kept the economy’s wheels turning.

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