NEWS ABOUT: Paul Krugman

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Is the GOP Prone to Racist Dog Whistling?

Debate rages around Paul Ryan's comments

(Newser) - Paul Ryan knew exactly what he was doing in a radio interview last week when he said that the US had a "tailspin of culture in our inner cities in particular of men not working, and just generations of men not even thinking about working," Paul Krugman argues... More »

On What Planet Is the Comcast Merger OK?

Paul Krugman thinks we've gotten too complacent about monopolies

(Newser) - Paul Krugman has just two questions about Comcast's deal to buy Time Warner . "First, why would we even think about letting it go through?" he asks in the New York Times . "Second, when and why did we stop worrying about monopoly power?" The broadband industry is already... More »

Krugman: Bitcoin Is Barbaric

We're 'digging our way back to the 17th century'

(Newser) - Economist John Maynard Keynes called gold the "barbarous relic"—and it has a lot in common with Bitcoin, writes Paul Krugman in the New York Times . Right now, both are being collected at high cost. In Papua New Guinea, the Porgera open-pit gold mine is a leading producer... More »

Why It's Time to Raise the Minimum Wage

2 columnists weigh in

(Newser) - In the current political climate, there's no way we can pass a bill increasing aid to the working poor. But we could very likely pass an increase to the federal minimum wage, writes Paul Krugman in the New York Times . Such an increase is overwhelmingly supported by the public,... More »

Krugman: This Looks Like a Permanent Depression

Evidence suggests economy may never fully recover

(Newser) - When it comes to the economy, you hear a lot of talk about "exit strategies," with monetary officials resigned to the fact that, for now, "credit must be easy and interest rates low"—just until the US gets back on its feet. "But what if... More »

GOP's Biggest Enemy: Reality

Party can't turn talk into action: Paul Krugman

(Newser) - Republicans are hitting a wall in the House: the wall between ideology and reality, writes Paul Krugman in the New York Times . They're happy to vote for a bill that calls for enormous spending cuts, but when it comes to selecting actual programs to slash, the party can't... More »

Urban Sprawl Is Literally Stranding the Poor

Paul Krugman thinks social mobility is suffering, poor stay poor

(Newser) - Detroit spent the last decade spiraling into bankruptcy, while Atlanta spent it growing like mad. But the two cities have something in common: "Both are places where the American dream seems to be dying," writes Paul Krugman at the New York Times . Social mobility is low in both... More »

Dear DC: 7.6% Unemployment Is Not OK

Paul Krugman thinks everyone's dropping the ball on employment

(Newser) - Once upon a time, back before the financial crisis, Americans had certain expectations for their economy. "Normal, back then, meant an economy adding a million or more jobs a year," and an unemployment rate "not much above 5%," recalls Paul Krugman at the New York Times... More »

Why the Left Hates 'Chained CPI'

Obama's proposed Social Security changes are not popular with liberals

(Newser) - President Obama is making some concessions to Republicans in his new budget, and there's one that has particularly rankled the Democrats' ranks, reports MSNBC : A proposal to change the way Social Security benefits are determined by linking it to something called "chained CPI." So what is it... More »

Like Saddam's WMDs, We Still Manufacture 'Mainstream'

Paul Krugman thinks we haven't learned to examine 'mainstream' consensus

(Newser) - It's the 10th anniversary of the Iraq war, a disastrous war fought on false pretenses. "So did our political elite and our news media learn from this experience? It sure doesn’t look like it," Paul Krugman writes in the New York Times . The real trick of... More »

Raising the Minimum Wage Will Hurt the Poor

The Wall Street Journal takes issue with Obama's proposal, but it's a popular one

(Newser) - President Obama's State of the Union call to raise the minimum wage to $9 will ironically hurt his core supporters: young people and minorities, the Wall Street Journal argues in an editorial. "Setting a floor under the price of labor creates winners and losers," the editors argue.... More »

'Zombie' Economics Have Eaten Rubio's Brains

Paul Krugman thinks Republicans need to stop peddling discredited ideas

(Newser) - Marco Rubio is undoubtedly a rising political star—heck, TIME anointed him the "Republican Savior" on a recent cover. "What we learned Tuesday, however, was that zombie economic ideas have eaten his brain," writes Paul Krugman in the New York Times . A "zombie idea" is Krugman'... More »

Why We Need to 'Kick That Can'

Paul Krugman: US debt problems are long-term; fixing now would be 'destructive'

(Newser) - Paul Krugman appears exasperated with John Boehner's exasperation. On Wednesday, the speaker of the House discussed his determination to tackle the deficit, saying, “I’ve watched them kick this can down the road for 22 years since I’ve been here. I’ve had enough of it. It’... More »

Stewart to Krugman: $1T Coin Makes Me Look Bad?

Host hits back at ticked-off economist

(Newser) - Jon Stewart last week swiped at Paul Krugman's $1 trillion coin idea , eliciting a somewhat thin-skinned response from the economist, who told ABC News that "Obviously neither he nor his staff did even five minutes of looking at the financial blogs" and blasted Stewart for "ruining his... More »

Hurry, Mint That Platinum Coin

Paul Krugman: It's kind of a joke, but so is the current predicament

(Newser) - Despite facing plenty of blowback from wags, wonks, and politicos over the past week—such as Ezra Klein in the Washington Post —Paul Krugman is continuing his push for the $1 trillion platinum coin option to bypass the looming debt ceiling debate. ( Here's a summary of how... More »

Quick Debt Ceiling Fix: $1T Coin

Or, Obama could just raise limit himself

(Newser) - Think the whole debt-ceiling debate is silly? Paul Krugman does, too, and he's been pushing an admittedly "silly" way out of it. A legal loophole intended for making commemorative coins, he writes in the New York Times , could come in handy: Thanks to the rule, the US Treasury... More »

Cliff Deal Could Be 'Pyrrhic Victory' for Left

Krugman: Obama can't back down in the battles ahead

(Newser) - Democrats arguably won a "tactical victory" with the zero-hour fiscal cliff tax compromise, Paul Krugman writes in the New York Times . The deal, after all, reduced income inequality, extended unemployment and some other progressive policies, and, best of all, didn't cut entitlements, which "was by no means... More »

Robots Are Taking Our Jobs

Paul Krugman and the Financial Times discuss the impact of technology on labor

(Newser) - Corporate profits are soaring in the US, yet the economy is depressed. Why? Because capital is doing fine at the expense of labor, Paul Krugman observes in today's New York Times . Yes, that sounds like "an old-fashioned, almost Marxist sort of discussion," but it's the reality... More »

Our Class War Rages On

Super-rich are just being more stealthy about it after election: Paul Krugman

(Newser) - The election is over, but that doesn't mean the class war between the super-rich and the not-rich is at an end. Having lost at the ballot box, now the plutocracy is trying to use "stealth" to get its way, using the cover of bipartisan, "sensible responses to... More »

Forget the 'Grand Bargain'

Paul Krugman doesn't think it's time for Obama to give in to GOP blackmail

(Newser) - Republicans still hold the House (even though Democrats appear to have gotten more votes in this election), so everyone is now wondering how far the triumphant President Obama should go to placate them and avoid the fiscal cliff. "My answer is, not far at all," writes Paul Krugman... More »

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