Search Results for: Paul Krugman

Paul Krugman and Holman Jenkins Shill for the Giant Banks

By William K. Black April 20, 2016     Bloomington, MN Holman Jenkins, the ultra-conservative Wall Street Journal columnist who specializes in global climate change denial and elite financial fraud denial, has written recently to join Paul Krugman in defending the systemically … Continue reading

Hillary and Bill and Paul Krugman Race to the Right to Stop the Bern

By William K. Black April 8, 2016     Bloomington, MN (Crossposted from Huffington Post. Postscript added for NEP) Remember several weeks ago when Hillary Clinton was complaining that Democrats did not consider her a “progressive?”  Bernie Sanders’ big win in Wisconsin ended … Continue reading

Paul Krugman Still Believes That “the debt” Can Be a Problem for the U.S.

The deficit is now down to under 3% of GDP, and in contemplating that fact, Paul Krugman asks why the deficit hawks aren’t celebrating the precipitous fall from nearly 10% of GDP a few years ago. He then explains that: … Continue reading

Mick Jagger, Gordon Brown, and Paul Krugman Lead the Charge for British Rule of Scotland

By William K. Black The “no” campaign against independence has reached the stage of endgame panic that leads to desperately throwing charges and publicity stunts at what the polls indicate are increasing support for independence among Scots.  Over the last … Continue reading

Bow down to the Bubble: Larry Summerian Endorses Bubbleonian Madness and Paul Krugman Embraces the Hansenian Stagnation Thesis*

By L. Randall Wray {*Sorry, I couldn’t resist. As many of NEP’s readers know, Michael Hudson has long advanced the argument that America’s policymakers have purposely created Bubbleonia—NOT to generate growth but rather to enrich the thieves at the top. … Continue reading

What If China Dumps US Treasury Bonds? Paul Krugman inches toward MMT

By L. Randall Wray Our deficit hysterians love to raise the specter of China. Supposedly Uncle Sam is at the mercy of the Chinese, who have a stranglehold on the supply of dollars necessary to keep the US government above water. … Continue reading

Paul Krugman’s Economic Blinders

By Michael Hudson Paul Krugman is widely appreciated for his New York Times columns criticizing Republican demands for fiscal austerity. He rightly argues that cutting back public spending will worsen the economic depression into which we are sinking. And despite … Continue reading

Modern Monetary Theory and Mr. Paul Krugman: a way forward

By Pavlina Tcherneva “There is nothing more deceptive than an obvious fact.” — Arthur Conan Doyle (The Adventures of Sherlock Holmes) The fact that the U.S. government is a monopoly issuer of the U.S. currency is an obvious fact. The … Continue reading

Michael Hudson Responds to Paul Krugman

By Michael Hudson, Distinguished Visiting Professor, UMKC I have recently republished my lecture notes on the history of theories of Trade Development and Foreign Debt. (Available from Amazon) In this book, I provide the basis for refuting Samuelson’s factor-price equalization … Continue reading

Four “Tells” That Show Krugman Knows He Cannot Win an Honest Debate

William K. Black March 13, 2019     Bloomington, MN Fourth article in the Series on MMT Honest debaters do not create strawmen arguments about opposing theories and then claim victory by attacking their own strawmen. When Krugman and a bevy of … Continue reading