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October 9, 2013

Europe and Eurasia
Paul Krugman’s Baltic Bust—Part III Paul Krugman’s Baltic Bust—Part III

Geo-Graphics posts in July 2010 and 2012 showed that Paul Krugman’s devaluation-driven “Icelandic Miracle” was nothing of the sort – a figment of his having chosen the most favorable possible star…

September 22, 2017

Eurozone
So What Did the Great Recession Teach Us About the Power of Public Spending? Revisiting Paul Krugman So What Did the Great Recession Teach Us About the Power of Public Spending? Revisiting Paul Krugman

“Everything about recent experience,” Paul Krugman said a year ago, “suggests that the world desperately needs fiscal expansion to boost demand and … that our sole reliance on central banks isn’t…

November 14, 2016

Europe and Eurasia
Paul Krugman Doubles Down On Fiscal Expansion Claims Contradicted by Data Paul Krugman Doubles Down On Fiscal Expansion Claims Contradicted by Data

“Everything about recent experience,” Paul Krugman says, “suggests that the world desperately needs fiscal expansion to boost demand and … that our sole reliance on central banks isn’t working.” …

January 13, 2015

Europe and Eurasia
Correcting Paul Krugman’s Austerity Chart for Monetary Effects Yields Very Different Results Correcting Paul Krugman’s Austerity Chart for Monetary Effects Yields Very Different Results

In two recent blog posts (1/6 and 1/7), Paul Krugman highlighted a chart he made that, he says, illustrates clearly the failure of “austerity” around the world.  We reproduce it above on the left…

November 10, 2014

Monetary Policy
Paul Krugman Calls for "Weak-Dollar Policy"...Towards Mars? Paul Krugman Calls for "Weak-Dollar Policy"...Towards Mars?

Paul Krugman routinely mocks Germany for wanting “everyone to run enormous trade surpluses at the same time.” As Martin Wolf has put it, this is impossible, as “the world cannot trade with Mars.” …

August 13, 2005

Economics
Paul Krugman summarizes the US economy in a single sentence

"these days, Americans make a living selling each other houses, paid for with money borrowed from the Chinese." I have a soft spot for a well turned phrase. Krugman also picks up on something that …

April 16, 2013

Capital Flows
Krugman’s Data-Picking Downplays U.S. Debt Krugman’s Data-Picking Downplays U.S. Debt

Paul Krugman recently dismissed concerns about America’s large international debt.  “America’s debtor position,” he writes, “isn’t actually that deep, because of capital gains.” When Krugman talk…

April 10, 2010

Climate Change
Krugman on Climate: The Good

Paul Krugman’s essay in tomorrow’s New York Times Magazine is generating a lot of buzz. I like it more than most of what’s written on climate and economics these days, but I’ve still got a few rese…

December 1, 2017

Yemen
Shipping to the Red Sea port of Hodeidah has been largely cut off. How the Saudi Blockade Threatens Famine in Yemen

Averting famine will require Saudi Arabia to permit the resumption of commercial shipping of food and fuel to the besieged country.

November 28, 2017

United States
U.S. Needs a Preventive Strategy to Avoid Costly Conflicts and Preserve America’s Global Standing, Says Paul B. Stares

November 28, 2017—To remain the preeminent global power, the United States must avoid costly conflicts that drain its resources and distract its leadership from addressing pressing domestic prioritie…