RSS feedPaul Krugman
’This (relatively) Inegalitarian Isle
This graph is from this powerpoint — part of a presentation by Alan Krueger, chairman of Obama’s Council of Economic Advisers.
So it has been used to illustrate American inequality and its effect on inter-generational social mobility.
Aliens to save the global economy
Alternative working title: When Orson Welles meets finance.
We discussed Fantasy Fed options on Wednesday. But here’s one from Paul Krugman, which we definitely overlooked — ironically, possibly the most fantastical of all.
Further further reading
For the commute home, where your kids are tagging embarrassing pictures of you on Facebook,
- The Economist halts production for a month to let its readers catch up. (Or so says America’s finest news source.)
- The myth of the Fed’s “unprecedented”
The euro job
As we conveyed earlier, the single fact which has critically changed the nature of the current European debt crisis is the spread of contagion into the Italian government bond market:
Italy, after all,
The Worst Columnist in the World
When does robust punditry cross over into downright rudeness?
Answer: when the New York Times’s Paul Krugman starts picking on some poor analyst from the International Energy Agency.
Consider this outburst:
Missing the Housing Bubble 101
Here’s an, erm, brave discussion paper out from the Boston Fed.
In it, authors Kristopher S. Gerardi, Christopher L. Foote, and Paul S. Willen examine “optimism” and “pessimism” about the US housing market before the recent crash.
The Great (Economist) Mortification
Will Philip Mirowski be getting an invite to the next economist shindig?
Perhaps not.
The Carl Koch Professor of Economics and the History and Philosophy of Science at the University of Notre Dame has taken a flame-thrower to the post-crisis explanatory powers of his colleagues,
Day 475 in the Celebrity Economist house
Day 475 in the Big Economist House.
10:19 am
Niall Ferguson, Ken Rogoff and Paul Krugman are in the kitchen.
Yesterday, housemates were punished for discussing too many conflicting economic solutions in the FT and the New York Times.
Goldman calls for QE2
This will be music to the ears of Paul Krugman — Goldman Sachs calling for Quantitative Easing v2.0 and additional deficit-financed fiscal stimulus.
The bank’s chief US economist Jan Hatzius reckons there are enough “disturbing signs”
Paul Krugman wants to reach out and punch someone
Remember that time we said economists were fractious creatures? Forgive us, we misspoke. They’re *really* fractious creatures.
Exhibit A – Paul Krugman’s blog post of July 2 at 7:47am, and headlined:
Depressant or stimulant?
The inflation/deflation debate has recently morphed into a new form: The austerity/stimulus deadlock.
Some (Paul Krugman, ahem) believe rushing into austerity measures at this point could be a dangerous move.
Bloggers can’t do economics. Discuss.
A new-ish letter (H/T Greg Mankiw) from a Fed economist opens with the below:
In this essay, I argue that neither non-economist bloggers, nor economists who portray economics —especially macroeconomic policy— as a simple enterprise with clear conclusions,
Against austerity
Paul Krugman has been fighting something of a one-man war against European fiscal cuts lately — especially after the G20 bestowed its blessings.
He’s now directed his fire at euro-austerity’s impact on global growth:
New York Times disappears up itself
This is what happens when two “marquee columnists” fall out – a readers’ editor is called in to adjudicate.
I think the right thing to do is to simply acknowledge that, in trying to quickly summarize Krugman’s nuanced position,
Econo-spats, Stephen Roach v Paul Krugman edition
It’s become increasingly clear that economists are fractious creatures.
Recent spats include Niall Ferguson v Martin Wolf via Paul Krugman and the legendary dispute between Joseph Stiglitz and Kenneth Rogoff.
The contagion spreads, parte dos
More pain for Europe’s peripherals on Thursday morning:
And once more the financials are taking the brunt of it.
And anything related to public spending, particularly if it has loads of debt:
Krugman gets tetchy
Is it us, or is Paul Krugman — economist extraordinaire — becoming increasingly angry that no one is ‘getting’ his deflationista warnings about the economy?
Take the title of his latest blog missive:
Non-slacker at the Fed
Reuters columnist Rolfe Winkler points us to a recent speech and presentation by Fed governor James Bullard.
The speech, Winkler says, is a direct refutation of economist Paul Krugman’s ideas that inflation,
The technical end of the recession doesn’t mean much
Paul Krugman, winner of the Nobel Prize for Economics and NY Times blogger, believes there is a big difference between the technical end of the recession, which has probably happened, and anything resembling satisfactory performance.
It’s an economist-eat-economist world
Paul Krugman, never the shy retiring type, could well have started something akin to the debate sparked by Michael Lewis’s take on the “end” of Wall Street with his exhaustive and thought-provoking New York Times article — “How Did Economists Get It So Wrong?”
Krugman makes a $1.7m Manhattan bet
Ha! Could this explain Nobel economist Paul Krugman’s recent turn to the bullish-side?
As the New York Observer reports, Krugman has splashed out $1.7m on a three-bedroom Riverside Drive Manhattan apartment.
The problem with economics
Of all the economic bubbles that have been pricked, few have burst more spectacularly than the reputation of economics itself.
So says the Economist in its exploration of what went wrong with the dismal science and its practitioners, whose pronouncements – in the wake of the ongoing economic crisis – “are viewed with more scepticism than before”.
Krugman: ‘Back at you, Ferguson’
The delightful tit-for-tat that is currently raging between Paul Krugman and Niall Ferguson across the financial blogosphere delivered a fresh installment over the weekend.
This time round it was the Princeton economist’s turn to respond to Ferguson via his New York times blog,
Niall Ferguson fights back
There have been economic spats before (Rogoff versus Stiglitz comes to mind), but a new one is definitely brewing in the shape of the tit-for-tat currently raging between Harvard’s Niall Ferguson and Princetonian Nobel Laureate Paul Krugman,
The new art of inflation mongering
One of the biggest debates concerning the current crisis has focused on whether the world is heading towards a deflationary or inflationary environment. But it appears there’s a new ‘big’ debate emerging:
So who is this person familiar with the matter?
As FT Alphaville has already noted here, there appears to be one very busy “person familiar with the matter” doing a not insubstantial amount of leaking to the media with regard to the stress-test results.
Quote du jour, economist dining edition
From a Newsweek article titled “Prisoners of the White House“:
In fact, Paul Krugman seems a little bit testy about the contents of his dinner (conversation).
All back to normal … or is it?
Phew, it wasn’t the end of capitalism — or the worst recession since the 1920s for that matter – after all. It was all just a bad dream. Consensus indeed seems to have it – the bull market is back,
Are you a member of the ‘World’s Safest Banks’?
It’s definitely a sign of the times when advertising execs feel the need to include the following accolade in their bank marketing material:
… part of one of the “World’s Safest Banks”
Economist Paul Krugman notes the esteemed title in the following advert from Santander’s Sovereign Bank: