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NEWS ABOUT: Paul Krugman

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Behind Europe's Economic Mess: 'Willful Amnesia'

Austerity measures violate basic economic tenets: Paul Krugman

(Newser) - Europe has been lauded for its commitment to austerity measures as a means of restoring its economies. But a quick look at the state of those economies reaffirms what any economist should already have known, writes Paul Krugman in the New York Times : The effort is backfiring. Krugman explains that... More »

Finally, Sun Through the Economic Clouds

Thanks to improving housing market, private debt: Paul Krugman

(Newser) - The economy has had its share of false starts over the past few years, but this time things could really be improving, opines Paul Krugman. "There’s evidence that the two great problems at the root of our slump—the housing bust and excessive private debt—are finally easing,... More »

MLK Would Be Ashamed of Us

Rising income inequality is cementing class system: Paul Krugman

(Newser) - If Martin Luther King were to see today's America, would he be proud? Paul Krugman thinks not. King dreamed his children would "not be judged by the color of their skin but by the content of their character." Today, we've become "a nation that judges... More »

Sorry, Mitt, America Isn't a Business

The goal isn't to boost profits: Paul Krugman

(Newser) - Mitt Romney is running on the premise that America needs a successful businessman to become CEO and turn it around. There's a glaring flaw in that argument, writes Paul Krugman of the New York Times : "America is not, in fact, a corporation. Making good economic policy isn’t... More »

Romney Just Keeps Making Stuff Up

And the media won't stop him: Krugman

(Newser) - Mitt Romney doesn't seem to set great store by the truth: Lately, he's been ascribing views to President Obama that are pure fabrication, notes Paul Krugman in the New York Times . Just this week, the former governor implied that Obama sought a society in which "everyone receives... More »

Ron Paul's Money Policy Would Trigger Next Depression

Unfortunately, his views are embraced by the GOP: Paul Krugman

(Newser) - It seems to be Ron Paul's turn in the GOP spotlight, and while he may be a longshot to win the nomination, his views on monetary policy are representative of the party establishment—and they're highly dangerous, writes Paul Krugman in the New York Times . Paul believes in... More »

GOP Hopefuls Are 'Clueless'— or Faking It

Party's 'mythology' has gone off the deep end: Krugman

(Newser) - To be a Republican candidate these days, you have to attack Big Government while supporting Social Security, and attack a president who killed Osama bin Laden as "undermining" national security. In other words, writes Paul Krugman, you have to "be totally cynical or to be totally clueless."... More »

We Are the 99%? Try 99.9%

GOP policies really favor richest thousandth of population: Paul Krugman

(Newser) - Occupy Wall Street’s “We are the 99%” slogan is a pretty good one, but if anything it “aims too low,” writes Paul Krugman in the New York Times . “A large fraction of the top 1%’s gains have actually gone to an even smaller group,... More »

Why Romney's Wrong About Veterans' Health

Current system exemplifies effective healthcare: Paul Krugman

(Newser) - With his proposal to give veterans vouchers for private insurance, Mitt Romney’s trying to fix something that ain’t broke. In fact, the current Veterans Health Administration is “a huge policy success story, which offers important lessons for future health reform,” writes Paul Krugman in the New ... More »

Hey Ideologues: Failing Euro Proves Little

No call for austerity measures in US: Krugman

(Newser) - As the euro struggles to survive, “ideologues” are using the failing currency as political ammunition. They say it proves welfare states don’t work, and that the US needs “immediate fiscal austerity.” But they’re jumping to false conclusions, writes Paul Krugman in the New York Times... More »

Should We Cut 'Useless' Defense Spending?

Paul Krugman and Robert Samuelson both say no, but for different reasons

(Newser) - With the deficit super committee’s deadline looming , debate is raging over whether to cut defense spending. Robert Samuelson calls that urge "dangerous," writing in the Washington Post that military spending is actually down as a percentage of our budget. In recent decades "spending on social programs... More »

Europe's Got a 'Hole in Its Bucket'

Eurozone countries face self-perpetuating crisis: Krugman

(Newser) - The euro crisis is dire indeed—but Paul Krugman can’t help seeing the gallows humor in it. “As one rescue plan after another falls flat, Europe’s Very Serious People just keep looking more and more ridiculous,” he writes in the New York Times . The core of... More »

Environmental Strategy of GOP: 'Too Dirty to Fail'

They protect polluters on the false pretext of saving jobs: EPA chief

(Newser) - House Republicans claim that to create jobs, we need to loosen environmental regulations. To that end, they’ve “averaged roughly a vote every day” in session to weaken the rules—and have already cut back the Clean Air Act, the Clean Water Act, and other laws, writes EPA chief... More »

Krugman: Why Occupy Has Super-Rich Freaking Out

'Plutocrats' realize their position is 'morally indefensible': Paul Krugman

(Newser) - As the Occupy Wall Street protests gain traction, we're seeing a vicious backlash from the nation's "plutocrats" and the politicians and pundits who back them up, writes Paul Krugman in the New York Times . Eric Cantor has decried the "mobs," which CNBC says are "... More »

IMF May Need Billions More

But Paul Krugman's caveat: expansion, not austerity is needed

(Newser) - The International Monetary Fund needs to expand its $400 billion war chest to more effectively fight the latest round of euro zone crises, which could demand some $2.6 trillion to solve, reports the Telegraph . “The fund’s credibility, and effectiveness, rests on its perceived capacity to cope with... More »

Budget Cuts Are 'Bleeding' the Economy

We need to spend to staunch the flow: Paul Krugman

(Newser) - Trying to fix the economy with budget cuts reminds Paul Krugman of an outdated medical practice: bleeding patients. This “economic bloodletting” is supposed to boost confidence, but it's a cure that just makes things worse. "Somehow, businesses and consumers seem much more concerned about the lack of... More »

Rumsfeld Kills NYT Subscription Over Krugman

Rummy fumes after reading columist's 'repugnant piece'

(Newser) - Donald Rumsfeld is mad as hell and he's not going to take it anymore—so he's canceled his subscription to the New York Times. "After reading Krugman’s repugnant piece on 9/11, I cancelled my subscription to the New York Times this AM," the former defense... More »

This Day Is Stained by Shame

What happened after the attacks was unforgivable: Paul Krugman

(Newser) - For many Americans, the 10th anniversary of September 11 comes shrouded in feelings of grief and loss, but the overwhelming emotion for Paul Krugman is shame. The "atrocity should have been a unifying event," but instead "fake heroes like Bernie Kerik, Rudy Giuliani, and, yes, George W.... More »

Obama's Plan 'Bolder, Better Than Expected'

Pundits from left and right generally praise address

(Newser) - Pundits handed out good grades aplenty for President Obama's new jobs proposal last night, with generally positive feedback from liberals like Paul Krugman—but also from conservatives like David Frum and Andrew Sullivan.
  • Krugman writes in the New York Times that he was "favorably surprised by the new
... More »

Obama Staffer Slams Krugman, Liberal Bloggers

NM campaign director blasts 'Firebaggers'

(Newser) - President Obama's campaign director in New Mexico has gone on the offensive—against liberals. Ray Sandoval sent supporters an email containing a blog post describing the debt ceiling deal as an "out-and-out win for the president," and blasting Nobel Prize-winning New York Times columnist Paul Krugman and... More »

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