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Keyword: paulkrugman

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  • Is Paul Krugman Leaving Princeton In Quiet Disgrace?

    07/14/2014 11:37:01 AM PDT · by SeekAndFind · 34 replies
    Forbes ^ | 07/14/2014 | Ralph Benko
    Professor Paul Krugman is leaving Princeton. Is he leaving in disgrace? Not long, as these things go, before his departure was announced Krugman thoroughly was indicted and publicly eviscerated for intellectual dishonesty by Harvard’s Niall Ferguson in a hard-hitting three-part series in the Huffington Post, beginning here, and with a coda in Project Syndicate, all summarized at Forbes.com. Ferguson, on Krugman: Where I come from … we do not fear bullies. We despise them. And we do so because we understand that what motivates their bullying is a deep sense of insecurity. Unfortunately for Krugtron the Invincible, his ultimate nightmare...
  • Paul Krugman: The Incompetence Dogma. So Much for Obamacare Not Working

    06/28/2014 11:29:34 AM PDT · by SeekAndFind · 62 replies
    New York Times ^ | 06/27/2014 | Paul Krugman
    Have you been following the news about Obamacare? The Affordable Care Act has receded from the front page, but information about how it’s going keeps coming in — and almost all the news is good. Indeed, health reform has been on a roll ever since March, when it became clear that enrollment would surpass expectations despite the teething problems of the federal website. What’s interesting about this success story is that it has been accompanied at every step by cries of impending disaster. At this point, by my reckoning, the enemies of health reform are 0 for 6. That is,...
  • Krugman: GOP has reached point of no return on climate

    05/17/2014 4:03:09 PM PDT · by Oldeconomybuyer · 111 replies
    Houston Chronicle ^ | May 16, 2014 | By Paul Krugman
    ... Think of it this way: Once upon a time it was possible to take climate change seriously while remaining a Republican in good standing. Today, listening to climate scientists gets you excommunicated - hence Rubio's statement, which was effectively a partisan pledge of allegiance. And truly crazy positions are becoming the norm. A decade ago, only the GOP's extremist fringe asserted that global warming was a hoax concocted by a vast global conspiracy of scientists (although even then that fringe included some powerful politicians). Today, such conspiracy theorizing is mainstream within the party, and rapidly becoming mandatory; witch hunts...
  • Krugman in the 1 Percent: Getting rich by studying about inequality

    04/30/2014 7:25:54 AM PDT · by SeekAndFind · 5 replies
    National Review ^ | 04/30/2014 | Michael Tanner
    I am outraged. The City University of New York recently announced that it is going to pay Paul Krugman $225,000 for part-time work studying income inequality. If you add in his sundry speaking fees, Professor Krugman is solidly ensconced among the hated 1 percent. I too write about inequality, yet I am not being paid nearly as much. Of course, Professor Krugman does have that Nobel Prize thing going for him, but that hardly seems to justify such blatant inequality. So I have been waiting patiently for Professor Krugman to mail me a check to correct this unfair situation. Or...
  • High Plains Moochers

    04/28/2014 5:21:13 PM PDT · by SeekAndFind · 31 replies
    New York Times ^ | 04/28/2014 | Paul Krugman
    It is, in a way, too bad that Cliven Bundy — the rancher who became a right-wing hero after refusing to pay fees for grazing his animals on federal land, and bringing in armed men to support his defiance — has turned out to be a crude racist. Why? Because his ranting has given conservatives an easy out, a way to dissociate themselves from his actions without facing up to the terrible wrong turn their movement has taken. For at the heart of the standoff was a perversion of the concept of freedom, which for too much of the right...
  • Ignorance And Cronyism Are The Only Settled Sciences

    04/27/2014 12:56:10 AM PDT · by Kaslin · 4 replies
    Townhall.com ^ | April 27, 2014 | Derek Hunter
    An honest debate with a progressive is almost as rare as a verified sighting of Bigfoot. You’d have better luck getting a devout Scientologist to say L. Ron Hubbard was a horrible writer than you would to get a progressive to admit the “science” behind climate change is not all it’s cracked up to be. For one thing, it is based on models of what could happen in 100 years, even though those models are mostly unreliable when you use them to map what happened in the last 30. That’s right, the vast majority of “climate models” predicting doom and...
  • Krugman, Who Is Paid $25,000/Month To Study Inequality, Says "Nobody Wants Us To Become Cuba"

    04/17/2014 7:25:33 PM PDT · by Nachum · 10 replies
    zero hedge ^ | 4/17/14 | Tyler Durden
    When it comes to Krugman's views on any particular topic, he may be right and he may be wrong, but whatever his opinion he always has a much to say about it (even if the factual backing is of secondary importance or outright missing). Today, his chosen topic is inequality, and in an interview with Bloomberg's Tom Keene, shown and transcribed below, he certainly says much, encapsulated perhaps by the following gem: "There's zero evidence that the kind of extreme inequality that we have is good for economic growth. In fact, there's a lot of evidence that it is actually...
  • Income Inequality for Thee, But Not for Me: The Hypocrisy of Nobel Prize Winner, Paul Krugman

    04/17/2014 7:06:29 AM PDT · by SeekAndFind · 5 replies
    American Thinker ^ | 04/17/2014 | Brian C Joondeph, MD
    Paul Krugman is a distinguished economist, Professor of Economics and International Affairs at Princeton University, a NY Times columnist, and a Nobel Laureate. As a frequent commentator on cable news shows, he speaks passionately about income inequality and politics. From his book, The Conscience of a Liberal, he notes that, “Impersonal forces such as technological change and globalization caused America’s income distribution to become increasingly unequal, with an elite minority pulling away from the rest of the population.”How ironic that Dr. Krugman will provide a first hand as a member of this “elite minority” benefiting from income inequality. The City...
  • Klein, Krugman Offer Biased Views of Confirmation Bias

    04/11/2014 5:34:50 AM PDT · by Kaslin · 1 replies
    Townhall.com ^ | April 11, 2014 | Jonah Goldberg
    "If all you have is a hammer," the old saying goes, "everything looks like a nail." Left unsaid is the fact that the real problem isn't the possession of a hammer, but the certitude that all you need is the hammer. In other words, it's a failure of the imagination -- which is a kind of arrogance -- that's really to blame. "I've got my hammer, and that's all I need. Besides, have you ever seen a problem that didn't look like a nail?" This is a version of what academics call "confirmation bias" -- the tendency to accept only...
  • For Columnist, a Change of Tone (Krugman vs. 538/Nate Silver)

    03/26/2014 5:32:28 PM PDT · by Olog-hai · 2 replies
    FiveThirtyEight ^ | 03/26/2014 6:24 PM | Nate Silver
    A New York Times columnist has expressed substantially more negative sentiments about FiveThirtyEight since it left The New York Times, according to a FiveThirtyEight analysis. The columnist, Paul Krugman, who writes about economics and politics for The Times, has referred to FiveThirtyEight or editor-in-chief Nate Silver 33 times on his blog. FiveThirtyEight classified each reference based on whether it expressed a favorable, unfavorable or neutral sentiment toward FiveThirtyEight. …
  • Krugman calls senator’s cancer story ‘garbage’

    01/29/2014 3:41:35 PM PST · by TurboZamboni · 43 replies
    daily caller ^ | 1-29-14 | Chuck Ross
    New York Times columnist and Nobel laureate economist Paul Krugman is questioning Oklahoma Republican Sen. Tom Coburn’s claim that Obamacare caused him to lose his cancer specialist. “It’s a garbage story, it really is,” said Krugman in a back-and-forth with former House Speaker Newt Gingrich on CNN after the State of the Union on Tuesday. Coburn, who announced earlier this month that he’ll resign from office at the end of the year as he battles his fourth bout with cancer, told MSNBC’s “Morning Joe” that his oncologist was no longer covered under his health care plan.
  • Making Fun of Keynesian Economics

    03/10/2014 5:51:24 AM PDT · by Kaslin · 11 replies
    Townhall.com ^ | March 10, 2014 | Daniel J. Mitchell
    <p>It’s sometimes difficult to make fun of Keynesian economics. But this isn’t because Keynesian theory is airtight.</p> <p>It’s easy, after all, to mock a school of thought that is predicated on the notion that you can make yourself richer by taking money from your right pocket and putting it in your left pocket.</p>
  • A General Theory of Obamacare Fiction

    02/26/2014 7:46:56 PM PST · by Oldeconomybuyer · 33 replies
    The New York Times ^ | February 26, 2014 | by Paul Krugman
    Conservatives appear to be really upset that liberals are actually taking on the facts in the anti-Obamacare ads they’ve been running. How dare you question whether the people in these ads are giving an accurate picture — they’re suffering! --SNIP-- So here’s what you need to understand. The Affordable Care Act isn’t magic — it produces losers as well as winners. But it’s not black magic either, turning everyone into a loser. What the Act does is in effect to increase the burden on fortunate people — the healthy and wealthy — to lift some burdens on the less fortunate:...
  • Krugman to leave Princeton for CUNY

    02/28/2014 3:46:13 PM PST · by Olog-hai · 14 replies
    Politico ^ | 2/28/14 10:06 AM EST | Dylan Byers
    New York Times columnist Paul Krugman will retire from Princeton University in June 2015 and move to New York, he announced on Friday. […] Krugman credited the move to location and to his increased focus on public policy, specifically income equality …
  • Paul Krugman is Wrong About Jobs and Income Inequality: Inverting Cause and Effect

    01/30/2014 11:30:22 AM PST · by SeekAndFind · 12 replies
    FrontPage ^ | 01/30/2014 | Daniel Greenfield
    Looking forward to Obama’s State of the Union session, New York Times economic court jester Paul Krugman beats his usual drum about the importance of deficit spending (no, that’s not a joke, it’s what passes for liberal economic wisdom) and then tries to make a case for the left’s latest meme of “inequality” over jobs. The usual suspects on the right will, as always when questions of income distribution comes up, shriek “Class warfare!” But there will also be seemingly more sober voices arguing that he has picked the wrong target, that jobs, not inequality, should be at the top...
  • Paul Krugman: The Undeserving Rich (Here it comes!)

    01/20/2014 1:52:38 PM PST · by 2ndDivisionVet · 62 replies
    The New York Times ^ | January 19, 2014 | Paul Krugman
    The reality of rising American inequality is stark. Since the late 1970s real wages for the bottom half of the work force have stagnated or fallen, while the incomes of the top 1 percent have nearly quadrupled (and the incomes of the top 0.1 percent have risen even more). While we can and should have a serious debate about what to do about this situation, the simple fact — American capitalism as currently constituted is undermining the foundations of middle-class society — shouldn’t be up for argument. But it is, of course. Partly this reflects Upton Sinclair’s famous dictum: It...
  • The Austerity Flip-Flop (Krugman)

    01/05/2014 3:13:53 PM PST · by Olog-hai · 2 replies
    Marginal Revolution ^ | January 5, 2014 at 7:07 am | Alex Tabarrok
    On April 28, 2013 Paul Krugman clearly said that 2013 was a test of market monetarism:But as Mike Konczal points out, we are in effect getting a test of the market monetarist view right now, with the Fed having adopted more expansionary policies even as fiscal policy tightens.Yesterday (Jan 4, 2014) however, Paul Krugman, said:…I don’t take seriously the claims of market monetarists that the failure of growth to collapse in 2013 somehow showed that fiscal policy doesn’t matter. …
  • John Kerry, Al Gore, Paul Krugman and Other Unreasonable Liberal Facsimiles

    12/29/2013 6:54:24 AM PST · by Kaslin · 5 replies
    Townhall.com ^ | December 29, 2013 | John Ransom
    Jonsey wrote: John, Merry Christmas (God forbid, I should say Happy Holidays or Sarah P might have a heart attack). In your article, you forgot one thing: Paul Krugman won a Nobel prize for economics and you didn't. He is one smart gentleman. Do have a glorious Christmas and may your heart be softened may you speak of and about the President. Happy Christmas Eve. Maybe I'll say a prayer for you at Midnight Mass. – Who Made Krugman the Expert? Cronies Did Dear Comrade Jones, I don’t forget that Krugman has a Nobel prize. I discount the award to...
  • Rep. Ellison (Dim): ‘There’s Plenty of Money, It’s Just The Government Doesn’t Have It’

    08/03/2013 9:21:07 AM PDT · by Jim Robinson · 64 replies
    CNSNews ^ | Aug 2, 2013 | By Eric Scheiner
    (CNSNews.com) - Rep. Keith Ellison (D-Minn.) told a gathering of Democrats, “The bottom line is we’re not broke, there’s plenty of money, it’s just the government doesn’t have it.” Ellison was discussing his ‘Inclusive Prosperity Act’ measure at the July 25th Progressive Democrats of America roundtable in Washington. “People like, George Soros, Bill Gates, Warren Buffett, Paul Krugman, Joe Stiglitz, Jeffrey Sax, Dean Baker, Robert Poland, Larry Summers have said they all support a transaction tax,” Ellison said. “The bottom line is we’re not broke, there’s plenty of money, it’s just the government doesn’t have it,” Ellison continued, “The government...
  • Paul Krugman, Shameful Floccinaucinihilipilificator, Dies In Derpistan

    07/24/2013 10:52:12 AM PDT · by Kaslin · 23 replies
    Townhall.com ^ | July 24, 2013 | Ralph Benko
    Paul Krugman makes for an unparalleled intellectual foil.  If he didn’t exist we’d have to invent him.  Recently he has been vintage Krugman, slinging derp. “Derp” is new slang, or perhaps jargon, with which to ridicule opponents.  It is making its way among the left wing hipsters, blogsters, and twitsters. Krugman has rescued derp from Progressive Blogistan for our general edification.  What is derp, you (you hick!) might ask?  Krugman: “Josh Barro has made a very useful contribution to policy discussion by adapting the term “derp” for a certain kind of all-too-prevalent stance in economic debate, which Noah Smith somewhat euphemistically describes as...
  • Obama's Fear-Mongering Didn't Frighten Anyone

    07/10/2013 1:36:40 PM PDT · by Kaslin · 12 replies
    Townhall.com ^ | July 10, 2013 | Donald Lambro
    Remember when President Obama was flying around the country this year, warning that the budget-cutting sequester would destroy life as we know it in America? The President was hyperbolic about it, preaching doom and gloom across the land if we didn't turn away from the disastrous path Congress put us on. And Obama, too. He signed the bill that would send us over the sequester cliff if a new budget wasn't approved. The Pentagon wouldn't be able to pay its bills, he said. Federal food assistance would be denied to 600,000 low income women and children. Teachers would be laid...
  • KRUGMAN: The Fed May Have Just Made A Historic Mistake, And Done More Damage Than It Realizes

    06/22/2013 6:04:33 PM PDT · by blam · 43 replies
    Business Insider ^ | 6-22-2013 | Joe Weisenthal
    KRUGMAN: The Fed May Have Just Made A Historic Mistake, And Done More Damage Than It Realizes Joe WeisenthalJune 22,2013REUTERS/Jason ReedThe most important story in the world is the change of direction in US interest rates, which coincides with the change in tone out of the Federal Reserve, which on Wednesday indicated that so long as its economic projections come to pass, it plans to slowdown on Quantitative Easing later on this year, with an eye towards totally ceasing bond purchases sometime in 2014. The markets puked on the news, and interest rates shot up, a move that was exacerbated...
  • Other than Obama and Krugman, Is there Anybody Who Still Thinks Bigger Government Is Good for Growth

    06/16/2013 4:02:08 AM PDT · by Kaslin · 6 replies
    Townhall.com ^ | June 16, 2013 | Daniel J. Mitchell
    I’ve repeatedly explained that Keynesian economics doesn’t work because any money the government spends must first be diverted from the productive sector of the economy, which means either higher taxes or more red ink. So unless one actually thinks that politicians spend money with high levels of effectiveness and efficiency, this certainly suggests that growth will be stronger when the burden of government spending is modest (and if spending is concentrated on “public goods,” which do have a positive “rate of return” for the economy). I’ve also complained (to the point of being a nuisance!) that there are too many...
  • Liberal Pundit [hypocrite Paul Krugman]: U.S. Has Become an ‘Authoritarian Surveillance State’

    06/10/2013 1:20:40 AM PDT · by grundle · 23 replies
    theblaze.com ^ | June 9, 2013 | Dave Urbanski
    Paul Krugman, an outspoken liberal economist known for his support of the Obama administration, today said the United States has become an “authoritarian surveillance state.” Part of a panel on This Week with George Stephanopoulos, Krugman offered his take on the bombshell NSA spying revelations: “…there are different kinds of surveillance states. You can have a democratic surveillance state which collects as little data as possible and tells you as much as possible about what it’s doing. Or you could have an authoritarian surveillance state which collects as much as possible and tells the public as little as possible. And...
  • Heritage Shock [Paul Krugman steps in it, again]

    06/08/2013 10:23:42 AM PDT · by 1rudeboy · 10 replies
    The New York Times ^ | June 5, 2013 | Paul Krugman
    OK, this is really shocking: a Heritage Foundation economist [Dr. Salim Furth] has been accused of presenting false, deliberately misleading data and analysis to the Senate Budget Committee.What’s so shocking? Not the false, misleading data and analysis — that’s SOP at Heritage. Remember the disappearing forecast of 2.8 percent unemployment under the Ryan plan, and various other Heritage escapades? What’s shocking is that they got called on it, in real time.The claim in particular, by the way, is widely popular on the right; it’s the claim that there isn’t any real austerity in Europe. Wonkbook goes through some of the...
  • Thought Experiment: Why Do We Bother Paying Personal Taxes?

    06/03/2013 12:53:29 PM PDT · by SeekAndFind · 9 replies
    Zero Hedge ^ | 06/03/2013 | Tyler Durden
    "Stupidity combined with arrogance and a huge ego will get you a long way.”      - Chris LoweI will admit right up front, I am not a fan of the views of Paul Krugman.  If Paul Krugman was to be given his way - and by and large he is being given his way - my children and grandchildren will be burdened in the future with paying back untold amounts of public debt just so his life and the lives of countless other Boomers can remain comfortable and embarassment free today.  This is the essence of his grand plan for a...
  • Krugman’s Still Wrong: He’s doing a victory lap, but shouldn’t be.

    05/08/2013 7:49:58 AM PDT · by SeekAndFind · 9 replies
    National Review ^ | 05/08/2013 | Michael Tanner
    Paul Krugman has never been shy about proclaiming that he is right and everyone else is wrong — and not just wrong, but “knaves and fools.” Lately, however, one begins to worry that he might actually hurt himself, so vigorously has he been patting himself on the back for his opposition to “austerity” (defined as any cut in government spending, anytime, anywhere). On his latest victory lap, Krugman is celebrating two things. First, a group of researchers from the University of Massachusetts Amherst discovered a small error in a widely cited paper by Carmen Reinhart and Ken Rogoff that showed...
  • Business Insider: The Economic Argument Is Over -- Paul Krugman Has Won

    04/24/2013 7:28:40 AM PDT · by SeekAndFind · 66 replies
    Business Insider ^ | 04/24/2013 | Henry Blodget
    For the past five years, a fierce war of words and policies has been fought in America and other economically challenged countries around the world. On one side were economists and politicians who wanted to increase government spending to offset weakness in the private sector. This "stimulus" spending, economists like Paul Krugman argued, would help reduce unemployment and prop up economic growth until the private sector healed itself and began to spend again. On the other side were economists and politicians who wanted to cut spending to reduce deficits and "restore confidence." Government stimulus, these folks argued, would only increase...
  • Thomas Friedman Finally Admits the Arab Spring is a Disaster

    04/11/2013 5:21:20 AM PDT · by SJackson · 13 replies
    FrontPage Magazine ^ | April 10, 2013 | Daniel Greenfield
    Deep Thoughts by Thomas Friedman But don’t worry, the term “admits” is a bit strong. It’s more like the weatherman who predicted there wouldn’t be a flood for a month straight clinging to an antenna on the roof of his house and trying to find reasons why he was right all along even while the sharks are circling his chimney. The standard fallback position for Tahrir’s international cheerleaders is to argue that we were expecting positive results too quickly. The term “Arab Spring” has to be retired. There is nothing springlike going on,” Friedman says. “It’s best we now speak...
  • Lessons From a Comeback (Krugman on California)

    04/01/2013 12:04:14 PM PDT · by lowbridge · 34 replies
    ny times ^ | march31,2013 | Paul Krugman
    As a result, the reign of the Governator aside, California has been solidly Democratic since the late 1990s. And ever since the political balance shifted, conservatives have declared the state doomed. Their specifics keep changing, but the moral is always the same: liberal do-gooders are bringing California to its knees. A dozen years ago, the state was supposedly doomed by all its environmentalists. You see, the eco-freaks were blocking power plants, and the result was crippling blackouts and soaring power prices. “The country’s showcase state,” gloated The Wall Street Journal, “has come to look like a hapless banana republic.” But...
  • Obama Must Condemn NY Times Race-Baiting Tactics, Black Group Says

    08/08/2009 7:45:36 PM PDT · by adanaC · 32 replies · 1,498+ views
    Canada Free Press ^ | Aug 7 2009 | Bob Parks
    The Project 21 black leadership network, New York Times liberal columnist Paul Krugman Obama Must Condemn NY Times Race-Baiting Tactics, Black Group Says Washington D.C. — The Project 21 black leadership network is condemning New York Times liberal columnist Paul Krugman for scurrilously pinning racist motives on critics of President Obama’s health care proposals. The group is calling upon President Obama to condemn all efforts to derail legitimate public debate, specifically including this effort to stifle debate with race-baiting tactics. “Paul Krugman is the one with race on the brain,” Project 21 Chairman Mychal Massie charged. “Specifically, he is using...
  • Paul Krugman: NRA Is 'An Insane Organization' (Says The Lunatic)

    02/03/2013 1:22:59 PM PST · by Kaslin · 31 replies
    NewsBusters.org ^ | February 3, 2013 | Noel Sheppard
    New York Times columnist Paul Krugman on Sunday once again perfectly illustrated the intolerance of America's liberal media. Appearing on ABC's This Week, he said the National Rifle Association is - and I quote! - "an insane organization" (video follows with transcript and commentary): Krugman: NRA Is 'An Insane Organization' PAUL KRUGMAN, NEW YORK TIMES: But what really strikes me -- I don't know how this plays, you know, what will happen. What strikes me is we've actually gotten a glimpse into the mindset, though, of the pro-gun people and we've seen certainly Wayne LaPierre and some of these others....
  • The Debt Deniers’ Fantasy: Prominent liberals are now insisting that we face no debt problem at all

    01/30/2013 7:37:10 AM PST · by SeekAndFind · 4 replies
    National Review ^ | 01/30/2013 | Michael Tanner
    It’s not quite on a par with 9/11 truthers or Obama birthers, but recently a number of liberal commentators have descended into the fever swamps of denialism by rejecting the most basic facts about our debt and deficit. Mind you, they are not arguing about the best policies to reduce the debt — taxe hikes vs. spending cuts — but actually denying that the problem exists at all. Paul Krugman, for example, pronounces the debt problem “mostly solved.” Matt Yglesias of Slate asks, “What sovereign debt crisis? There certainly isn’t one in the United States.” Bruce Bartlett, every liberal economist’s...
  • Paul Krugman: Deficit problems “already, to a large degree, solved”

    01/18/2013 8:36:06 AM PST · by SeekAndFind · 5 replies
    Hotair ^ | 01/28/2013 | Ed Morrissey
    Alfred E. Newman, meet Paul Krugman. Less than a week after the Treasury reported that the US was on its way to a fifth straight trillion-dollar annual budget deficit, the New York Times columnist and Nobel Prize winner says we're worried about nothing. The deficit problem, Krugman assures us, has been "already, to a large degree, solved."Did I miss the space invaders? This is, however, a case in which what everyone knows just ainÂ’t so. The budget deficit isnÂ’t our biggest problem, by a long shot. Furthermore, itÂ’s a problem that is already, to a large degree, solved. The medium-term...
  • Krugman: “Frightening” Lack of “Progressive” Economists in the White House

    01/14/2013 10:44:48 AM PST · by Olog-hai · 9 replies
    Cybercast News Service ^ | January 14, 2013 | Elizabeth Harrington
    New York Times columnist Paul Krugman said it is “frightening” that the Obama administration has never included progressive economists, who have “been right about everything so far.” “I think it’s frightening that at no point in this administration have there been any serious representation of what you might call the progressive economist wing, which is a pretty big part of Obama’s support,” Krugman said Sunday in an appearance on ABC’s This Week with George Stephanopoulos. … Krugman, a Keynesian economist, has long advocated for more stimulus spending, saying the $833-billion stimulus package of 2009 did not spend enough. …
  • PAUL KRUGMAN: The Deficit Is Basically Solved

    01/11/2013 8:21:14 AM PST · by blam · 71 replies
    TBI ^ | 1-11-2013 | Walter Hickey
    PAUL KRUGMAN: The Deficit Is Basically Solved Walter HickeyJan. 10, 2013, 4:00 PMMany people think that fixing the deficit is a painful process that involves deep cuts to crucial programs. Some think the process is too hard, and it's not worth trying yet. That's not correct, according to a chart from from the Center on Budget and Policy Priorities' Richard Kogan showing just how far the United States has come in the past two years. We've talked before about how the painless and most effective solution to the deficit is additional growth in GDP. As the recovery progresses and GDP...
  • Rage Against the Coin

    01/09/2013 8:37:01 AM PST · by Qbert · 49 replies
    NYT ^ | January 8, 2013 | Paul Krugman (Moonbat)
    Well, the trillion-dollar-coin thing — deal with the debt ceiling by exploiting a legal loophole to have the Treasury mint one or more large-denomination coins, deposit them at the Fed, and use the cash in the new account to pay bills — has really taken off. Last month I spoke with a senior Fed official who had never heard of the idea; these days it’s all over. There seem to be two kinds of objections. One is that it would be undignified. Here’s how to think about that: we have a situation in which a terrorist may be about to...
  • Democrat Hurricanes Versus Republican Hurricanes

    01/08/2013 5:25:58 AM PST · by Kaslin · 15 replies
    Townhall.com ^ | January 8, 2013 | Mona Charen
    Just a few days after Hurricane Sandy devastated parts of New York, New Jersey and Connecticut, the New York Times' Paul Krugman crowed triumphantly about the federal government's response to the disaster. "[A]fter Katrina the government seemed to have no idea what it was doing; this time it did. And that's no accident: the federal government's ability to respond effectively to disaster always collapses when antigovernment Republicans hold the White House, and always recovers when Democrats take it back." What a fairy tale. Mature adults understand that earthquakes, hurricanes and other natural disasters are an unfortunate fact of life. They...
  • Mary Matalin To Paul Krugman: "Are You An Economist Or A Polemicist?" (video)

    12/09/2012 9:25:11 AM PST · by i88schwartz · 6 replies
    RealClearPolitics ^ | December 9, 2012 | RealClearPolitics
    KRUGMAN: That kills charitable deductions. It hits the middle class hard. If you do it -- if you do it right -- we've done this, right... MATALIN: Are you an economist or a polemicist? (CROSSTALK) KRUGMAN: There's only -- there's only $450 billion that you can get by doing that. MATALIN: Do you want to talk about economy or do you want to talk about polemics? KRUGMAN: No, this is not true. MATALIN: We have two different ways of going forward. We will not have Medicare, we will not have Social Security. You have senior Democrat Dick Durbin saying Social...
  • Flooded by Keynesianism

    11/03/2012 7:23:05 AM PDT · by Kaslin · 8 replies
    Townhall.com ^ | November 3, 2012 | Rich Tucker
    Hurricane Sandy was an invader, one that splashed ashore with as much destructive power as any foreign (or perhaps interstellar) invader could hope to bring to bear against our coasts. Thus, in the opinion of economist Paul Krugman, the storm should help boost the American economy. “If we discovered that, you know, space aliens were planning to attack and we needed a massive buildup to counter the space alien threat and really inflation and budget deficits took secondary place to that, this slump would be over in 18 months,” the Nobel Prize winning economist declared on CNN in 2011....
  • Does Mitt Romney Want to Let People Die?

    10/20/2012 3:55:16 AM PDT · by Kaslin · 15 replies
    Townhall.com ^ | October 20, 2012 | John C. Goodman
    Have you noticed that The New York Times editorial page is becoming increasingly strident, increasingly emotional and increasingly irrational? Here is Paul Krugman in last Monday's column: Mr. Romney and Mr. Ryan…want to expose many Americans to financial insecurity, and let some of them die, so that a handful of already wealthy people can have a higher after-tax income. No, that's not a misprint. The Republicans actually want to let some people die so that they can reward their rich friends. It's not an isolated comment either. Under the heading "Death by Ideology," Krugman actually lists all of the ways...
  • Matalin to Krugman: ‘You’re Hardly Credible on Calling Someone Else a Liar’

    10/07/2012 11:22:55 AM PDT · by Cincinatus' Wife · 30 replies
    National Review Online ^ | October 7, 2012 | Katrina Trinko
    In the roundtable discussion on This Week, Peggy Noonan’s analysis of last week’s debate lead to a heated exchange between Paul Krugman and Mary Matalin. “We will look back on it as a historic moment in this election,” Noonan said of the debate. “It upended things. This is what it it upended: Barack Obama was supposed to be the sort of moderate, centrist fellow who looked at Mitt Romney, this extreme strange fellow. By the time that debate was over, Mitt Romney seemed a completely moderate, centrist figure who showed up as mitt Romney the governor, not as Mitt Romney...
  • Obama's Orwellian Double-Speak: Backward is Forward, Down is Up

    09/26/2012 5:55:27 AM PDT · by Kaslin · 9 replies
    Townhall.com ^ | September 26, 2012 | Donald Lambro
    How is it possible that Barack Obama leads Mitt Romney on who can better handle the economy when it's been in decline all year? Economists on both sides say this is one of the weakest recoveries since the Great Depression. New York Times economic columnist Paul Krugman, one of Obama's early supporters, said, "This is still a terrible economy." The overall economy barely grew by 1.7 percent in the second quarter, down from 2.0 percent in the first three months of 2012. Business economists have lowered their forecasts to 1.5 percent or lower for the year. The Federal Reserve Board...
  • Obstruct and Exploit (Krugman again)

    09/10/2012 11:57:54 AM PDT · by Beave Meister · 9 replies
    The New York Times ^ | 9/9/2012 | Paul Krugman
    Does anyone remember the American Jobs Act? A year ago President Obama proposed boosting the economy with a combination of tax cuts and spending increases, aimed in particular at sustaining state and local government employment. Independent analysts reacted favorably. For example, the consulting firm Macroeconomic Advisers estimated that the act would add 1.3 million jobs by the end of 2012. There were good reasons for these positive assessments. Although you’d never know it from political debate, worldwide experience since the financial crisis struck in 2008 has overwhelmingly confirmed the proposition that fiscal policy “works,” that temporary increases in spending boost...
  • Cleaning Up the Economy (Paul Krugmnan)

    09/07/2012 6:39:33 AM PDT · by lbryce · 19 replies
    New York Times ^ | September 6, 2012 | By PAUL KRUGMAN
    Bill Clinton’s speech at the Democratic National Convention was a remarkable combination of pretty serious wonkishness — has there ever been a convention speech with that much policy detail? — and memorable zingers. Perhaps the best of those zingers was his sarcastic summary of the Republican case for denying President Obama re-election: “We left him a total mess. He hasn’t cleaned it up fast enough. So fire him and put us back in.” Great line. But is the mess really getting cleaned up? The answer, I would argue, is yes. The next four years are likely to be much better...
  • The Fallacy of Government Intervention

    08/14/2012 8:46:55 AM PDT · by AMP1 · 3 replies
    AmpersanArchist.com ^ | 2012-08-14 | AmpersanArchist1
    On 2012-08-03 Paul Krugman wrote an Op-Ed piece in the New York Times entitled “Debt, Depression, DeMarco”, excoriating the “the scorched-earth opposition of Republicans, who have done everything they can to get in ‘Obamas’ way — and who now, having blocked the president’s policies, hope to win the White House by claiming that his policies have failed.” Interesting! Perhaps instead of blaming Bush, the Republicans, conservative thinkers, the Eurozone, a naturally non-responsive economy, sun spots, The Coming Of Kohoutek and the Mayan calendar, Mr. Krugman would be looking inwardly because maybe, just maybe, the policies he and other leftists promote...
  • Paul Krugman keeps pretending that spending has gone down

    06/12/2012 6:28:49 AM PDT · by SeekAndFind · 8 replies
    Hotair ^ | 06/12/2012 | Dustin Siggins
    In his June 08 column, New York Times columnist Paul Krugman says a major part of the reason the recession under Reagan recovered more quickly than the current recession is because of government spending. From the column: Why was government spending much stronger under Reagan than in the current slump? “Weaponized Keynesianism” — Reagan’s big military buildup — played some role. But the big difference was real per capita spending at the state and local level, which continued to rise under Reagan but has fallen significantly this time around. There are a myriad of things with which to respond to...
  • David Brooks Feels for Obama on PBS: 'You Have to Feel Sorry for Him'

    06/03/2012 4:24:20 PM PDT · by Kaslin · 69 replies
    News Busters.com ^ | June 3, 2012 | Tim Graham
    On Friday's PBS NewsHour, both "conservative" David Brooks and liberal Mark Shields thought this was a tough, tight election for Barack Obama. Shields said "it becomes a race about disqualifying, a campaign about disqualifying your opponent. And that's not attractive or appealing. It's not hope and change. It's blood and guts." But Brooks really felt Obama's pain: "So the president is obviously going to try. He is going to have. And to some extent, you have to feel sorry for him. This is in large degree not his fault. Things are happening way beyond his control. I don't believe a...
  • George Will Schools Krugman on Gov. Walker:

    06/03/2012 3:33:54 PM PDT · by Kaslin · 30 replies
    News Buster.com ^ | June 3, 2012 | Noel Shepperd
    New York Times columnist Paul Krugman got another much-needed education from syndicated columnist George Will on ABC's This Week Sunday. After Krugman impugned Gov. Scott Walker (R-Wisc.) for his so-called "fiscal irresponsibility," Will simply and quite accurately responded, "A more than $3 billion budget that he inherited, a deficit, has now become a surplus" (video follows with transcript and commentary): George Will Schools Krugman on Gov. Walker: $3 Billion Deficit 'He Inherited' Has 'Become a Surplus' GEORGE STEPHANOPOULOS, HOST: We have a couple minutes left before we have to take a break, and I just quickly want to go to...
  • Paul Krugman: 'It's Terribly Unfair Obama's Being Judged on the Failure of the Economy'

    06/03/2012 1:23:37 PM PDT · by Sub-Driver · 44 replies
    Paul Krugman: 'It's Terribly Unfair Obama's Being Judged on the Failure of the Economy' By Noel Sheppard Created 06/03/2012 - 3:22pm Readers are strongly advised to remove food, fluids, and flammables from proximity to their computers prior to reading any further. You've been warned! New York Times columnist Paul Krugman said on ABC's This Week Sunday, "It's terribly unfair that [President Obama is] being judged on the failure of the economy to respond to policies that had been largely dictated by a hostile Congress" (video follows with transcript and commentary): PAUL KRUGMAN, NEW YORK TIMES: Can I just -- these...