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

Keynes Is Slowly Winning — Back in 2010, I had a revelation about just how bad economic policy was about to get; I read the OECD Economic Outlook, which called not just for fiscal austerity but for interest rate hikes - 350 basis points on the Fed funds rate by the end of 2011!

Rock bottom economics — Paul Krugman: The fact that the Fed's interest rate target has been between 0 and 0.25 percent for six years is amazing and depressing.

Ardagh shows huge revenue - and debt — The figures published by the global packaging group Ardagh are for the Dublin-registered Ardagh Packaging Holdings Ltd, which is ultimately owned by the Luxembourg company Ardagh Group SA. The group, which has its origins in the Irish Glass Bottle Company, has massive revenue but equally massive debts.

Why did the Regin bug target Ireland? — Almost 10 per cent of surveillance incidences relating to the Regin computer spy bug were in Ireland, the fourth-highest of any country in the world, after Russia, Saudi Arabia and Iran. The bug, which was uncovered by US technology company Symantec, has been described as one of the most sophisticated pieces of malicious software ever seen.

Governments fail to learn lessons of economic rock bottom — Six years ago the Federal Reserve hit rock bottom. It had been cutting the federal funds rate, the interest rate it uses to steer the economy, frantically in an unsuccessful attempt to get ahead of the recession. Eventually it could cut no more, because interest rates can't go below zero.

Upward-only rents costing retailers, not the economy — The collapse into examinership last week of the retail outlets of Karen Millen and Warehouse Fashion has roused the industry once more over the issue of boomtime upward-only leases and the Government's failure to legislate for retrospective action. It won't happen and the sector should accept it and move on.

Irish benchmark bond yields fall to all-time low of 1.46% — Irish benchmark bond yields hit another record low on a day when bond markets across Europe were setting new marks. The yield on Irish government bonds fell to 1.464 per cent, the lowest level since Bloomberg started collecting the data in 1991.

Rock bottom economics: What happens when interest rates hit zero — Originally published Monday, November 24, 2014 at 4:14 PM The fact that we've spent six years at the so-called zero lower bound is amazing and depressing, writes syndicated columnist Paul Krugman. Syndicated columnist Six years ago the Federal Reserve hit rock bottom.

Paul Krugman: Rock bottom economics — Federal Reserve has been proven right to keep interest rates low.

Mr Keynes and the moderns — Mr Keynes and the moderns Paul Krugman It's a great honour to be asked to give this talk, especially because I'm arguably not qualified to do so. I am, after all, not a Keynes scholar, nor any kind of serious intellectual historian. Nor have I spent most of my career doing macroeconomics.
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Nov 26, 2014

RT @sewellchan: The chicken—not the turkey, not the bald eagle—was the bird that made America. Andrew Lawler:

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