Tag Archives: paul krugman

Fiscal Stimulus: Target The Oversupplies


Adding a bit to Krugman’s latest. Think about it: what would the true costs be of repairing our roads? It wouldn’t divert capital from other investments — capital has no place to go, and markets are practically begging the federal … Continue reading

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Ezra Klein’s Asymmetric Stupidity on the Futility of More Information


I’m borrowing Paul Krugman’s blog post title on this item by Ezra Klein. Krugman focused on the asymmetry of stupidity (actually, stubbornness) in liberals and conservatives, which results in the conservative party just being “stupid” all too often, lately. However, … Continue reading

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Euro Nationalism


I’m reading Doris Kearns Goodwin’s book Team of Rivals: The political Genius of Abraham Lincoln right now and can’t help but see amazing parallels between Lincoln’s insistence on framing the Civil War – beyond the “mere” slavery question – as … Continue reading

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Do Americans Increasingly Want to Work Less?


Just a comment to Paul Krugman’s Slackers At The Fed post. I would add that we should also consider whether it makes sense that there should be a permanent secular decline in the labor participation rate – a “sanity check.” … Continue reading

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Price Inflexibility vs Recovery


Krugman cites a new paper by Antonio Fatas and Ilan Mihov that presents the case for expanding our concepts of the Business Cycle beyond simply “recession” and “healthy” – now to include a distinct “recovery” stage – because recoveries are … Continue reading

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Seeing Flows: Free-Markets, Parasitic Growth, Aquifer Depletion, and Income Inequality


Continued from this post, and, yes, all of these title concepts are tightly related… My suggestion for dealing with aquifer depletion is to develop canals that divert excessive water from the Mississippi and its tributaries (and maybe even the Great … Continue reading

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Inflation Traffic


Paul Krugman blogs on the importance of how wrong inflationistas have been, including even Morgan Stanley predicting in 2009 that inflation would rise to 5.5% in 2010. Something about that sounds eerily similar to his other post about congested traffic, … Continue reading

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