paul krugman

On ABC’s “This Week” on Sunday, both Paul Krugman and Robert Reich offered far more pessimistic views of the economy than the rosier outlook put forth by Federal Reserve Chairman Ben Bernanke on Friday. Krugman described the economy as languishing in purgatory. Reich explained that the only good news is that the economy is getting [...]

What is it with Paul Krugman, anyway? The Nobel economist with the dour outlook is becoming the most unlikely of pop icons. First, there was, “Hey Paul Krugman,” a ditty praising his virtues, especially compared with those of Treasury Secretary Timothy Geithner, that flew around the blogosophere. Now, via Calculated Risk, comes “The Krugman Blues,” [...]

More economic pessimism from Paul Krugman, whose skeptical views have a growing following: The United States risks losing an entire decade of growth and enduring Japanese-style stagnation if it doesn’t move more aggressively to deal with ailing banks and to stimulate the economy.
Krugman made those remarks at a speech in China today. He’s previously warned [...]

The headlines about stress tests released Thursday seemed sort of reassuring, after all the concern about the banking system going under. Ten banks need more capital but the others are safe. Federal Reserve Chairman Ben Bernanke made a point of declaring that none are insolvent. Everyone should breathe easier.
But in the financial blogosphere, many aren’t [...]

Paul Krugman raises a point worth thinking about as you hear more about stress test results for banks, which are expected to be publicly disclosed on Thursday. Why have so many of the results already been leaked — and who is doing the leaking? For example, we’ve known since last week that Citigroup and Bank [...]

The objections to cap-and-trade legislation have been almost entirely economic: an emissions reduction program, the argument goes, would raise energy costs and cripple industry, while also increasing people’s electricity bills. But today Paul Krugman makes the case for cap-and-trade as an economic boon that could stimulate flagging business investment.
His reasoning is quite simple, though it’s [...]

Speaking of things working ing their way around the blogosphere, here’s “Hey Paul Krugman,” a ditty praising the virtues of The New York Times columnist and frequent critic of Treasury Secretary Timothy Geithner.
Krugman won a Nobel Prize; Geithner uses Turbo Tax, as the song points out.
But now that Geithner’s toxic assets plan is garnering some [...]

While Wall Street likes the Obama administration’s financial rescue plan and liberal economists Brad DeLong (pro) and Paul Krugman (anti) go head to head over its merits, The Wall Street Journal’s lead story today tells how the populist impulses of a Democratic White House have been checked in recent days by the president — and [...]

A year ago, blogger Michael Shedlock pronounced Citigroup insolvent. No one paid much attention then, but Shedlock never wavered.
Now the U.S. government is in talks to significantly expand its ownership of Citi, the Wall Street Journal reports. And Shedlock, who writes the widely read Mish’s Global Economic Trend Analysis blog, thinks that move can’t come [...]

The classic 1985 film Brewster’s Millions is strangely analogous to the tale playing out in Washington these days as lawmakers — and President-elect Barack Obama — draft plans for an enormous spending bill to buoy the sinking economy.
You remember the story: Monty Brewster (Richard Pryor) is forced to spend $30 million in 30 days in [...]