Paul Krugman Archive

The unconscious liberal

Macroeconomic Populism Returns By Paul Krugman February 1 (NYT) — Matthew Yglesias says what needs to be said about Argentina: theres no contradiction at all between saying that Argentina was right to follow heterodox policies in 2002, but it is wrong to be rejecting advice to curb deficits and control inflation now. ...Read More

CNBC’s John Carney on Krugman and MMT

>    >   (email exchange) >    >   On Sat, Nov 12, 2011 at 2:19 PM, Stephanie wrote: >    >   John Carney loving on us again Yes! Paul Krugman Goes MMT on Italy By John Carney November 11 (CNBC) — It seems pretty clear that the school of thought known as Modern Monetary Theory has made a ...Read More

MMT, The Euro And The Greatest Prediction Of The Last 20 Years?

Thanks, Cullen!!! MMT, The Euro And The Greatest Prediction Of The Last 20 Years? By Cullen Roche November 7 (Seeking Alpha) —Being right matters. This isn’t emphasized quite enough in the finance world and in economics in general. Too often, bad theory has led to bad predictions which has helped contribute to ...Read More

comments on Krugman’s post

Franc Thoughts on Long-Run Fiscal Issues By Paul Krugman August 11 (NYT) — Regular readers of comments will notice a continual stream of criticism from MMT (modern monetary theory) types, who insist that deficits are never a problem as long as you have your own currency. Right, ability to pay is not ...Read More

Krugman & 7DIF

>    >   (email exchange) >    >   On Tue, Feb 22, 2011 at 9:15 PM, wrote: >    >   Paul Krugman gave a speech at Florida Atlantic University and agreed >   to a brief meeting with our econonomics club. >    >   I thought you might enjoy the attached picture. >    ...Read More

1938 in 2010

1938 in 2010 By Paul Krugman September 5 (Bloomberg) — Here’s the situation: The U.S. economy has been crippled by a financial crisis. The president’s policies have limited the damage, but they were too cautious, and unemployment remains disastrously high. More action is clearly needed. Yet the public has soured on government ...Read More

Bernanke Must Raise Benchmark Rate 2 Points, Rajan Says – Bloomberg

If they actually understood how it all works they’d be calling for tax cuts rather than interest rate increases. >    >   (email exchange) >    >   On Mon, Aug 23, 2010 at 12:18 PM, wrote: >    >   Yes, Krugman criticised this today and I put in a kind word >   for Mr Rajan in the comments section. ...Read More

Krugman has it right

Lost Decade Looming? By Paul Krugman May 20 (NYT) —Despite a chorus of voices claiming otherwise, we aren’t Greece. We are, however, looking more and more like Japan. For the past few months, much commentary on the economy — some of it posing as reporting — has had one central theme: policy ...Read More

Bernanke on lending reserves

[Skip to the end] >    >   (email exchange) >    >   Yesterday I was rereading Ben Bernanke’s Wall Street Journal piece of July 21 2009. >   I noticed that the Krugman words quoted in your blog (“The banks don’t need to sell >    securitized debt to make loans — they could start lending out of all ...Read More

Krugman on monetary creation

[Skip to the end] Still chasing shadows? >    >   (email exchange) >    >   On Wed, Oct 7, 2009 at 4:39 PM, Eric wrote: >    >   It’s hard to get it more backward than this: >    Yes, this is telling: “The banks don’t need to sell securitized debt to make loans — they could start lending ...Read More