Economist Paul Krugman has taken up the cudgels for public employees, noting that "spittle flecked denuncia- tions of unions" often stretch the truth and con- cluding "this is a phony issue." The National Re- view counters with examples of unions wreaking havoc on municipal budgets all ...
By Paul Krugman Trump’s plan to undermine foreign policy We only have one president at a time By EUGENE R. FIDELL - DENNIS AFTERGUT Kamala Harris' big tent strategy — and its success — has thrown Trump for a loop Donald Trump is now running away from Kamala Harris' challenge to a ...
These changes, economist Paul Krugman argues in Pop Internationalism, are moving the U.S. economy inexorably toward localization: “A steadily rising share of the work force produces services that are sold only within that same metropolitan area…. And that’s why most people in Los Angeles ...
By Paul Krugman Feb. 10, 2017 What will you do when terrorists attack, or U.S. friction with some foreign power turns into a military confrontation? I don’t mean in your personal life, where you should keep calm and carry on. I mean politically. Think about it carefully: The fate of...
In it, eight Times opinion writers opened up about incorrect predictions they made and flawed advice they had given. The most relevant here is Paul Krugman, who wrote a confession titled "I Was Wrong About Inflation." I'll string together some excerpts: In early 2021, there was an intense...
AsPaul Krugmannotes, the really scary thing is that Spain and Italy, which were relatively untouched by the fears last spring, have also seen dramatic moves up in their apparent risk premia. Yield on 10-year Spanish government bonds. Source: ...
This is the same business Scott Fullwiler went through with Krugman, which Krugman didn’t seem understand initially. A bank does not make its loans out of a stock of funds that have been put on deposit. Loans create deposits, which in some cases require additional reserves, but in some ...
2) getting back to the main point of krugman’s post, he’s using median annual cpi-adjusted income per household and not gdp per capita as his metric. he can show you data that shows that the growth in the economy in the last decade has benefitted a very small number of people; th...
New York Times hacked by Chinese government, Paul Krugman's economic policies stolen White House: when President shoots skeet, he donates the meat to food banks that feed the middle class To prove he is serious, Obama eliminates armed guard protection for President, Vice-President, and their fa...
Nobel-laureate economist Paul Krugman put it rather similarly back in 2013: Fiat money, if you like, is backed by men with guns. Of course, we could just as easily ask, since the government is using force to collect taxes to provision itself, why can’t it just collect commodity money ...