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[EZ READING MONEY MATTERS] TAF Turnips At the Federal Reserve: At the time, the mine workers’ settlement wasn’t at all unusual: many workers were getting comparable contracts. Workers and employers were, in effect, engaged in a game of leapfrog: workers would demand big wage increases to keep up with inflation, corporations would pass these higher wages on in prices, rising prices would lead to another round of wage demands, and so on.
[From Xico] Paul Krugman vs. Real Life: Krugman derides Obama's claim that with economic hardship people "get bitter, they cling to guns or religion or antipathy toward people who aren't like them. The crucial word here isn't 'bitter,' it's 'cling.' Does economic hardship drive people to seek solace in firearms, God and xenophobia?" I think Krugman is revealing his elitism and out-of-touchness here.
[Eurointelligence RSS Feed] Draghi says Italy needs to cut taxes: Paul Krugman has blog entry in which he challenges Wolfgang Munchau’s assertion that global inflation is on the rise, and that the central banks have misjudged the situation. He makes the New Keynsian argument that the prices that .
[L-experiences] Economy blogs: Interesting economy blogs. Created by cduv on 10/14/2007 Tags:Economy Saved on Technology>Internet Updates: 2.-Econbrowser Distressing Table of the Day Quite the finish Downshifting and Reversion in Forecasts: Global .
[Marion in Savannah] Kristol, Cohen and Krugman: Most Americans want to be told we can leave Iraq sooner rather than later. McCain has chosen instead to tell Americans the hard and unpopular truths that we’ll be there for a while, and that there’s no sacrifice-free path to defeating our enemies and securing a lasting peace.
[Dave Chandler's Earthside.com] Economy Busted: ReutersYesterday's [Tuesday, March 11] action by the Federal Reserve proves that the banking system is insolvent and the US economy is at the brink of collapse. It also shows that the Fed is willing to intervene directly in the stock market if it keeps equities propped up.
[Say Anything] Economically Illiterate Paul Krugman Upset That Rebates Aren’t ...: See, rather than a tax refund, Krugman would like to “stimulate the economy” by just sending out government checks to poor people. Sort of like what we’re already doing with welfare, except I don’t think I need to remind you that .
[News Groper] Et tu, Paul Krugman? By Ben Bernanke: Paul attempts to put images of Argentinian-size economic collapse and Madonna-style career collapse in the readers minds at the outset, but quickly recoils like a man stepping out of a cold shower, “it’s unlikely that America will .
[A Mind Forever Wandering] Think Tanks? I Think Not!: “Despite its centrality to political debate, economic research is a very low-budget affair. The entire annual economics budget at the National Science foundation is less than $20 million.
[Cambridge Forecast Group Blog] CAMBRIDGE FORECAST GROUP: GLOBALIZATION ESSAY BY L. FEINER: Membership is largely symbolic, but it carries with it certain perks, among them an assumption, under rules developed by the Bank for International Settlements committtee, that bank loans to members carry no risk of default. —(therefore this gave) the marketplace a false sense of confidence about South Korea…Between 1994when South Korea received its first green light for membership, and 1996 when it officially joined, foreignbanks more than doubled their lending to South Korea from 52 billion to South Korea from 52 billion to108 billion, according to the Bank for International Settlement Reports.”
[brothersjudd Blog] A SPECTRE IS HAUNTING THE DERANGED LEFT:: (I’m looking at you, Paul Krugman.) But while Perlstein criticizes the liberal establishment for its self-satisfaction and naïveté””for believing that “if only Nixon’s people could truly see reason ”¦ their prejudices would melt away, their true interests would be recognized”””he still leaves the impression that when it came to public policy, mid-century liberalism almost always did have reason on its side. [...]
[Diane Vera] Further reply to Julian Karswell: See also the collection of articles on Crank economics by economist Paul Krugman, including Vulgar Keynesians. Some earlier remarks revisited.
[Alan Greenspan .org Blog] Alan Greenspan vs. Naomi Klein on Democracy Now!: You said, “When a government’s leaders or businesses routinely seek out private sector individuals or businesses and, in exchange for political support, bestow favors on them, the society is said to be in the grip of crony capitalism.” You say, “The favors generally take the form of monopoly access to certain markets, preferred access to sales of government assets, and special access to those in power.” I kept thinking about Halliburton, Blackwater, Lockheed and Boeing. You were referring to Indonesia at the time, but I’m wondering, according to your definition””and we’re seeing these extraordinary””we’re seeing contracting emerging, as in the words of the New York Times, a fourth arm of government.
[Half Sigma] David Leonhardt is a big moron: He’s obviously trying to make himself the next Paul Krugman. In today’s idiotic column, he supposedly demonstrates that “education” creates “economic prosperity.” Boy, am I sick and tired of economists touting the imaginary benefit of .
[Not In His Name] THE REAL REASON BEHIND FOOD RIOTS AROUND THE WORLD: The progressives who blame bio-fuels for the food crisis (higher prices resulting from the diversion of grains and land use to fuel production) fail to address the most elementary structural questions: What classes came to state power and fashioned the economic policies, which enabled the 'diversion' to take place? Heavy private and state borrowing in the 1970's due to the availability of cheap credit led to the growth of indebtedness.
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