Paul Krugman

Paul Krugman: Greece’s economy a lesson for Republicans

Greece is a faraway country with an economy roughly the size of greater Miami, so the United States has very little direct stake in its ongoing disaster. To the extent that Greece matters to us, it’s mainly about geopolitics: By poisoning relations among Europe’s democracies, the Greek crisis risks depriving the U.S. of crucial allies. […]

July 16, 2015 | Posted in Columns | Tagged ,

Voodoo economics, Jeb! style

  On Monday, Jeb Bush — or I guess that’s Jeb!, since he seems to have decided to replace his family name with a punctuation mark — finally made his campaign for the White House official, and gave us a first view of his policy goals. First, he says that if elected he would double […]

June 21, 2015 | Posted in Columns | Tagged ,

Paul Krugman: For the love of carbon

It should come as no surprise that the very first move of the new Republican Senate is an attempt to push President Barack Obama into approving the Keystone XL pipeline, which would carry oil from Canadian tar sands. After all, debts must be paid, and the oil and gas industry — which gave 87 percent […]

January 20, 2015 | Posted in Columns | Tagged ,

Paul Krugman: Phosphorous and freedom

By Paul Krugman In the latest Times Magazine, Robert Draper profiled youngish libertarians — roughly speaking, people who combine free-market economics with permissive social views — and asked whether we might be heading for a “libertarian moment.” Well, probably not. Polling suggests that young Americans tend, if anything, to be more supportive of the case […]

August 15, 2014 | Posted in Columns | Tagged ,

Paul Krugman: Corporate artful dodgers

In recent decisions, the conservative majority on the Supreme Court has made clear its view that corporations are people, with all the attendant rights. They are entitled to free speech, which in their case means spending lots of money to bend the political process to their ends. They are entitled to religious beliefs, including those […]

July 30, 2014 | Posted in Columns | Tagged ,

Paul Krugman: Obamacare fails to fail

How many Americans know how health reform is going? For that matter, how many people in the news media are following the positive developments? I suspect that the answer to the first question is “Not many,” while the answer to the second is “Possibly even fewer,” for reasons I’ll get to later. And if I’m […]

July 18, 2014 | Posted in Columns | Tagged ,

Paul Krugman: Job skills and zombies

A few months ago, Jamie Dimon, the chief executive of JPMorgan Chase, and Marlene Seltzer, the chief executive of Jobs for the Future, published an article in Politico titled “Closing the Skills Gap.” They began portentously: “Today, nearly 11 million Americans are unemployed. Yet, at the same time, 4 million jobs sit unfilled” — supposedly […]

April 04, 2014 | Posted in Columns | Tagged ,

We can have it all: Liberty, equality … efficiency

Most people, if pressed on the subject, would probably agree that extreme income inequality is a bad thing, although a fair number of conservatives believe that the whole subject of income distribution should be banned from public discourse. (Rick Santorum, the former senator and presidential candidate, wants to ban the term “middle class,” which he […]

March 23, 2014 | Posted in Columns | Tagged ,

Paul Krugman: The inflation obsession

Recently, the Federal Reserve released transcripts of its monetary policy meetings during the fateful year of 2008. And boy, are they discouraging reading. Partly that’s because Fed officials come across as essentially clueless about the gathering economic storm. But we knew that already. What’s really striking is the extent to which they were obsessed with […]

March 07, 2014 | Posted in Columns | Tagged ,

Detroit, the new Greece

When Detroit declared bankruptcy, or at least tried to — the legal situation has gotten complicated — I know that I wasn’t the only economist to have a sinking feeling about the likely impact on our policy discourse. Was it going to be Greece all over again? Clearly, some people would like to see that […]

July 26, 2013 | Posted in Columns | Tagged ,

Stop attacking Social Security

The New York Times Social Security turned 75 last week. It should have been a joyous occasion, a time to celebrate a program that has brought dignity and decency to the lives of older Americans. But the program is under attack, with some Democrats as well as nearly all Republicans joining the assault. Rumor has […]

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