Nobel laureate. Op-Ed columnist, @nytopinion. Author, “The Return of Depression Economics,” “The Great Unraveling,” “The Age of Diminished Expectations” + more.

Paul Krugman: Trade and trust

sacbee.com — One of the Obama administration's underrated virtues is its intellectual honesty. Yes, Republicans see deception and sinister ulterior motives everywhere, but they're just projecting. The truth is that, in the policy areas I follow, this White House has been remarkably clear and straightforward about what it's doing and why.

Friday Night Music: New From Lucius

krugman.blogs.nytimes.com — Again, it's late afternoon where I am, and I'm going off for drinks. So here we are. A note: Ever since I started following new music, mostly from young bands, I've realized that falling in love with a band means risking a bit of heartbreak. Will they break up?

Hypocritical Sloth

krugman.blogs.nytimes.com — Yesterday Politico posted a hit piece on Elizabeth Warren, alleging that she's being hypocritical in her opposition to a key aspect of TPP, that's interesting in several ways. First, it was clearly based on information supplied by someone close to or inside the Obama administration - another illustration of the poisonous effect the determination to sell TPP is having on the Obama team's intellectual ethics.

Trade and Trust - NYTimes.com

nytimes.com — One of the Obama administration's underrated virtues is its intellectual honesty. Yes, Republicans see deception and sinister ulterior motives everywhere, but they're just projecting. The truth is that, in the policy areas I follow, this White House has been remarkably clear and straightforward about what it's doing and why.

Blogging Begins - NYTimes.com

krugman.blogs.nytimes.com — Brad DeLong has a little note on how and when he began blogging, which comes at a perfect moment for me - I'm scheduled to talk with some Oxford undergraduates about changing forms of communication in economics, and Brad's note both tells his own story and jogs my memory about how things changed in the late 1990s.

Tariffs Versus Currencies

krugman.blogs.nytimes.com — While it's not remotely in the same league as the execrable Daley op-ed, the CEA report in support of TPP is, as Josh Bivens notes, an odd document. It's not wrong, or not mostly wrong - I don't even share all of Bivens's complaints.

Nobody Cares About the Deficit

krugman.blogs.nytimes.com — Sitting here in the UK, where everyone continues to believe that budget deficits are the central issue despite overwhelming evidence to the contrary, it's refreshing to look home once in a while and contemplate the utter collapse of the deficit-scold agenda.

Making Hay While the Sun Shines

krugman.blogs.nytimes.com — Well, that's the weather forecast, anyway, although this being England I have my doubts. Anyway, I'll be going to the Hay Festival this weekend, talking on a couple of panels Monday, and mainly soaking up whatever there is to soak up (which I hope doesn't include rain.)

I'm With Stupid - NYTimes.com

krugman.blogs.nytimes.com — Via FT Alphaville, James Montier has an interesting piece castigating economists for their "interest rate idolatry", their belief that central bank-set interest rates matter a lot for the economy and that therefore it is useful, at least conceptually, to think about the "natural" rate of interest that would lead the economy to full employment.

Conservatives and Keynes

krugman.blogs.nytimes.com — Tony Yates asks, "Why can't we all get along?" Lamenting another really bad, obviously political defense of austerity, he declares that it's disappointing that the debate has become a left-right thing. I don't see why it should. But the debate over business-cycle economics has always been a left-right thing.
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