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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
Posted in William K. Black
Tagged banks, banksters, Great Financial Crisis, jenkins, krugman
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
Posted in William K. Black
Tagged bernie sanders, bill clinton, Hillary Clinton, paul krugman
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
Posted in Joe Firestone
Tagged austerity, CBO, deficit hawks, deficit reduction, MMT, modern money theory, paul krugman, REAL fiscal responsibility
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
Posted in L. Randall Wray
Tagged China, dollars, MMT, Modern Monetary Theory, paul krugman, treasuries
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
Posted in Uncategorized
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
Comments Off on Four “Tells” That Show Krugman Knows He Cannot Win an Honest Debate
Posted in William K. Black
Tagged MMT, Modern Monetary Theory