For the first twenty years of Krugman’s adult life, his world was divided not into left and right but into smart and stupid. “The great lesson was the low level of discussion,” he says of his time in Washington. “The then Secretary of the Treasury”—Donald Regan—“was not that bright, and you could have angry exchanges where neither side understood the policy.” Krugman was buoyed and protected in his youth by an intellectual snobbery so robust that distractions or snobberies of other sorts didn’t stand a chance. “When I was twenty-eight, I wouldn’t have had the time of day for some senator or other,” he says.
Read Larissa MacFarquhar's great article in full...
Friday, February 26, 2010
Thursday, February 25, 2010
Wednesday, February 17, 2010
Saturday, February 13, 2010
Friday, February 12, 2010
Paul Krugman + Republicans and Medicare
“Don’t cut Medicare. The reform bills passed by the House and Senate cut Medicare by approximately $500 billion. This is wrong.” So declared Newt Gingrich, the former speaker of the House, in a recent op-ed article written with John Goodman, the president of the National Center for Policy Analysis.
And irony died.
The rest of Mr. Krugman's piece lives here.
And irony died.
The rest of Mr. Krugman's piece lives here.
Friday, February 5, 2010
Paul Krugman + Fiscal Scare Tactics
Many economists take a much calmer view of budget deficits than anything you’ll see on TV. Nor do investors seem unduly concerned: U.S. government bonds continue to find ready buyers, even at historically low interest rates. The long-run budget outlook is problematic, but short-term deficits aren’t — and even the long-term outlook is much less frightening than the public is being led to believe.
Read the whole piece here.
Read the whole piece here.
Thursday, February 4, 2010
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