Paul Krugman

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Cliff Deal Could Be &#39;Pyrrhic Victory&#39; for Left
Cliff Deal Could Be
'Pyrrhic Victory' for Left
Paul Krugman

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...

Robots Are Taking Our Jobs
 Robots Are Taking Our Jobs 
Paul Krugman

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...

Our Class War Rages On
 Our Class War Rages On 
Paul Krugman

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...

Forget the &#39;Grand Bargain&#39;
 Forget the 'Grand Bargain' 
Paul Krugman

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...

Could the New iPhone Save Our Economy?

Report says yes, if 8M are sold

(Newser) - The iPhone 5 may be more than just the latest gadget: It could be the savior of the US economy. Sales of the device could increase fourth-quarter economic growth by half a percentage point, according to a JPMorgan report. If the phones sell for $600 each, with $200 worth of...

Dear Fellow Economists, Stop Playing Politics
Dear Fellow Economists,
Stop Playing Politics
OPINION

Dear Fellow Economists, Stop Playing Politics

Laurence Kotlikoff: Those who take sides demean the profession

(Newser) - Boston University economist Laurence Kotlikoff takes note that 500 of his colleagues have signed a statement supporting Mitt Romney's policies and castigating Barack Obama's. All 500 "owe our profession a sincere apology," he writes at Bloomberg View . But this isn't a partisan rant, it's...

Newsweek&#39;s Anti-Obama Cover Story Draws Howls
Newsweek's Anti-Obama Cover Story Draws Howls
OPINION & Backlash

Newsweek's Anti-Obama Cover Story Draws Howls

Niall Ferguson piece dubbed misleading by Paul Krugman, others

(Newser) - Newsweek has found itself at the center of controversy again, this time with a cover story titled "Hit the Road, Barack," in which economist (and McCain 2008 adviser) Niall Ferguson picks apart the Obama presidency. Ferguson accuses the president of breaking campaign promises, boosting the deficit, letting the...

Ryan&#39;s Plan Is a Deficit-Hiking &#39;Con Game&#39;
 Ryan's Plan Is a 
 Deficit-Hiking 
 'Con Game' 
paul krugman

Ryan's Plan Is a Deficit-Hiking 'Con Game'

Paul Krugman: He's 'style over substance'

(Newser) - Paul Ryan is a media darling: Pundits can't stop praising his "seriousness." But the truth is that "Ryanomics is and always has been a con game," scoffs Paul Krugman in the New York Times . Ryan claims to be a deficit-slasher, but let's crunch the...

WSJ: My, What a Smart Pick
 WSJ: My, What a Smart Pick 
OPINION

WSJ: My, What a Smart Pick

Journal calls Ryan pick 'serious'; Krugman says 'dishonest'

(Newser) - Last week, the Wall Street Journal called on Mitt Romney to pick Paul Ryan for his vice presidential runningmate. Now who's crowing about the pick? Why, the Wall Street Journal . The Journal isn't taking credit for the pick, but its editors do view it as a sign of...

Why Romney&#39;s Finances Are Fair Game
 Why Romney's 
 Finances Are 
 Fair Game 


Paul Krugman

Why Romney's Finances Are Fair Game

Paul Krugman tells Beltway naysayers to 'get real'

(Newser) - Some Washingtonians are decrying President Obama's attacks on Mitt Romney's personal history—be it his tax returns , or his murky Bain exit . Why, they ask, can't we just discuss policy? "The short answer is, get real," Paul Krugman writes in the New York Times . "...

Mitt&#39;s Not the Man His Father Was


 Mitt's Not 
 the Man His 
 Father Was 
paul krugman

Mitt's Not the Man His Father Was

Paul Krugman: Elder Romney released 12 years of tax returns

(Newser) - If only Mitt Romney had followed in his father's footsteps a little more closely. Sure, they both became wealthy businessmen—but while George's auto-industry success was a boon for American jobs, Mitt's work at Bain Capital appears to have left many workers struggling. Yes, both ran for...

Markets Rise, Euro Up After Greek Elections

But investors still fretting about eurozone

(Newser) - Financial markets around Asia seem to be breathing easier after Greece's pro-bailout coalition narrowly won yesterday's election , reports the Wall Street Journal . The euro was up to $1.2714 from its $1.2640 close on Friday, with Tokyo's Nikkei up 1.8%, Hong Kong's Hang Seng...

Let&#39;s Spend Like Reagan

 Let's Spend 
 Like Reagan 
Paul Krugman

Let's Spend Like Reagan

Krugman: He was a bigger spender than Obama in first years

(Newser) - At this point in his presidency, Ronald Reagan was presiding over a strong recovery, and President Obama clearly is not. The biggest difference? Government spending, writes Paul Krugman in the New York Times . Real per-capita government spending is up 6.4% under Obama, but under Reagan it soared 14.4%....

GOP Owns This Crappy Economy


 GOP Owns 
 This Crappy 
 Economy 
paul krugman

GOP Owns This Crappy Economy

Paul Krugman: Republican dream has already failed

(Newser) - Yes, the president's a Democrat—but it's the Republicans who own this economy, writes Paul Krugman in the New York Times . They hammer President Obama's spending, when in fact spending is dropping faster than it has since just after the Korean War. That means "the Republican...

Krugman vs. Bernanke: Who&#39;s Reckless?
Krugman vs. Bernanke: Who's Reckless? 
Robert Samuelson

Krugman vs. Bernanke: Who's Reckless?

Robert Samuelson outlines the feud between the bearded economists

(Newser) - Call it the "battle of the beards," suggests Robert Samuelson of the Washington Post : Paul Krugman vs. Ben Bernanke. Both are prominent economists, both have facial hair aplenty, and each has called the other "reckless." Krugman has been lambasting the Fed for not doing enough to...

Europe Finally Gets It: Austerity Isn't the Answer

Paul Krugman: Voters clearly 'wiser' than their leaders

(Newser) - Paul Krugman is applauding France and Greece for the results of their elections : "Time is clearly running out for the strategy of recovery through austerity—and that’s a good thing," writes the longtime critic of austerity measures in the New York Times . Austerity measures depend on a...

Paul Ryan a Centrist? Pure Myth

 Paul Ryan 
 a Centrist? 
 Pure Myth 
paul krugman

Paul Ryan a Centrist? Pure Myth

Paul Krugman: Obama is the real moderate

(Newser) - Paul Krugman has already declared the Paul Ryan budget worse than pink slime. Now he's wondering why folks are calling Ryan some kind of centrist when his budget would deny health care to millions, cut taxes on the rich, and do little to fix the deficit. The trouble is...

We Need a Weaker Dollar
 We Need a Weaker Dollar 
Paul Krugman

We Need a Weaker Dollar

Paul Krugman argues that we need more inflation, not less

(Newser) - Ben Bernanke has become a popular punching bag for the right lately, with people like Ron Paul and Rick Perry trying "to bully the Fed into doing exactly the wrong thing," writes Paul Krugman in the New York Times . "The right wants the Fed to obsess over...

Paul Ryan's Budget Is Worse Than Pink Slime

Paul Krugman: It's history's 'most fraudulent' budget

(Newser) - Never mind that it's "inconceivably cruel" to cut taxes for the rich and aid for the poor: Perhaps the biggest problem with Paul Ryan's latest budget is that it's "surely the most fraudulent budget in United States history," writes Paul Krugman in the New ...

Romney Is a &#39;Closet Keynesian&#39;

 Romney 
 Is a 'Closet 
 Keynesian' 
paul krugman

Romney Is a 'Closet Keynesian'

Paul Krugman: Mitt's strongest commitment is to 'insincerity'

(Newser) - Mitt Romney pretends to subscribe to the right's economic orthodoxy, but his real beliefs are apparently very different, writes Paul Krugman in the New York Times . He let them slip the other day, saying that "if all you’re thinking about doing is cutting spending, as you cut...

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