Paul Krugman
6 pieces tagged “Paul Krugman”, newest first.
Who is the Real Con Man: Ryan or Krugman?
Writing about Republicans in U.S. House of Representatives, New York Times columnist Paul Krugman says Paul Ryan is "basically, the best con man they've got." He goes on to characterize the modern Republican Party" as "a post-policy enterprise, which doesn't do real solutions to real problems."
Read more Why Is There So Much Economic Illiteracy? Paul Krugman Is One Reason
Stanford University economist Thomas Sowell was asked the other day whether the understanding of basic economics has been elevated in political discussions over time. His answer? Economic literacy hasn't gotten better. It's gotten worse. "At one time you had a lot of people who hadn't had any economics saying foolish things. Now you have well-known economists saying foolish things," he said. Although he didn't name names, New York Times columnist Paul Krugman must rank high on the list of guilty parties. There was a time, not long ago, when The New York Times called for a zero minimum wage and Krugman agreed with them. The reason? A minimum wage law isn't just a restriction on employers. It's also a restriction on workers.
Earth to Paul Krugman and The New York Times: Debt Is Not Good
First the good news. The federal government's tax receipts are coming in at a rate somewhat higher than what was expected a few months ago. That means a shut-down-the-government debt limit stalemate will be pushed back until November or December. It also means that the federal debt will actually decline a bit this year. Now for the bad news. We are experiencing the calm before the storm. The Congressional Budget Office reported Tuesday that although our fiscal situation is improving, by 2018 we will snap back to swelling deficits and unsustainable debt.