Paul Krugman’s irritation with the dominant American political paradigm sometimes fosters intelligent phrases that concisely go to the heart of an issue The man is gifted. No matter what one’s political perception might be. Writing in regard to proposals to raise the retirement age to relieve deficit pressure on the Social Security system, Krugman noted [...]
Categories: Economy
Tagged: Paul Krugman, retirement age, Social Security, Unserious People
There must be something in our water The Republican Party’s “The Pledge to America” is being dissected in news and opinion pieces. It stands out for its perfidious flight from reality. Paul Krugman’s take is representative and succinct: Howard Gleckman of the nonpartisan Tax Policy Center has done the math. As he points out, the [...]
Categories: Economy
Tagged: Downhill With the G.O.P., Paul Krugman, The Pledge to America
The Republican Party’s position weakens the nation The Republican Party today mostly stands as the most visible servant of the American plutocracy. So it should not surprise that the group is willing to deepen the deficit by insisting on retaining tax cuts for the wealthy as a quid pro quo for supporting the President’s plan [...]
Categories: Economy
Tagged: Mitch McConnell, Paul Krugman, Senate Minority Leader, tax cuts, The Tax-Cut Racket
A long-term economic problem that most people should care about For the forty-plus years, I have been surprised at how little attention Americans pay to foreign currency manipulations that weaken American employment and the standard of living. Free-trade rhetoric is repeatedly used to mask devious, protectionist-inspired manipulations of currency values. These games avoid the appearance [...]
Categories: Economy
Tagged: China, China Japan America, Chinese government, multi-national corporations, Paul Krugman, plutocrats, United Steelworkers Union
Paul Krugman hammered American deficit-hawks yesterday for their hypocritical evasions of observable fact (I listen to Paul Krugman, even though I’m significantly less Keynesian than he is, because his intelligence trumps that of most of his opponents. It is a foolish person who ignores thoughtful argument.) Yesterday, Dr. Krugman wrote: So how do austerians deal [...]
Categories: Economy
Tagged: Appeasing the Gods, austerians, bond market, deficit hawks, investors, Keynesian, Paul Krugman, trickle down economics
Paul Krugman spotlighted this sad game Economist/columnist Paul Krugman wrote about the Senate’s failure in passing a climate bill: If you want to understand opposition to climate action, follow the money. The economy as a whole wouldn’t be significantly hurt if we put a price on carbon, but certain industries — above all, the coal [...]
Categories: Air pollution,Climate,Climate change,Economy,Environment,Global warming
Tagged: coal, cowardice, John McCain, maverick, oil, Paul Krugman, West Virginia, Who Cooked the Planet?, Wyoming