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We’re creating a permanent class of jobless Americans

PAUL KRUGMAN

Published April 23rd, 2013 - 12:05AM
FDR told us that the only thing we had to fear was fear itself. But when future historians look back at our monstrously failed response to economic depression, they probably won’t blame fear, per se. Instead, they’ll castigate our leaders for fearing the wrong things.
We’re cheating our children, but it’s not about the deficit

PAUL KRUGMAN

Published March 31st, 2013 - 12:05AM
So, about that fiscal crisis – the one that would, any day now, turn us into Greece. Greece, I tell you: Never mind.
Fearmongers reject dwindling deficit disorder

PAUL KRUGMAN

Published March 14th, 2013 - 12:05AM
For three years and more, policy debate in Washington, D.C., has been dominated by warnings about the dangers of budget deficits. A few lonely economists have tried from the beginning to point out that this fixation is all wrong, that deficit spending is actually appropriate in a depressed economy.
The market speaks – but the message isn’t a happy one

PAUL KRUGMAN

Published March 10th, 2013 - 1:05AM
Four years ago, as a newly elected president began his efforts to rescue the economy and strengthen the social safety net, conservative economic pundits – people who claimed to understand markets and know how to satisfy them – warned of imminent financial disaster. Stocks, they declared, would plunge, while interest rates would soar.
Stubborn leaders perpetuate economic crisis

PAUL KRUGMAN

Published January 8th, 2013 - 12:05AM
SAN DIEGO – It’s that time again: the annual meeting of the American Economic Association and affiliates, a sort of medieval fair that serves as a marketplace for bodies (newly minted Ph.D.s in search of jobs), books and ideas. And this year, as in past meetings, there is one theme dominating discussion: the ongoing economic crisis.
Reality keeps walking all over prophecies of doom

PAUL KRUGMAN

Published December 26th, 2012 - 12:05AM
Back in the 1950s three social psychologists joined a cult that was predicting the imminent end of the world. Their purpose was to observe the cultists’ response when the world did not, in fact, end on schedule.
Wall Street tries to buy itself immunity from criticism

Published May 27th, 2012 - 6:50AM
In the wake of a devastating financial crisis, President Barack Obama has enacted some modest and obviously needed regulation; he has proposed closing a few outrageous tax loopholes; and he has suggested that Mitt Romney’s history of buying and selling companies, often firing workers and gutting their pensions along the way, doesn’t make him the right man to run America’s economy.


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