Krugman
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All About the ECB
Joe Weisenthal has a good post going after Roger Altman’s assertion that European austerity was necessary to satisfy the markets.Great Leap Forward » By Jove, He’s Got It: Krugman (Finally) Adopts MMT (And so does Summers)
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Author: L. Randall Wray · · Share This Print
Great Leap Forward » KRUGMAN DOES MMT AGAIN: GOLDBUGS AND BITBUGS
The economic significance of this roller coaster was basically nil.
The Antisocial Network of Bitcoins
What has changed? For one thing, the crisis they predicted keeps not happening. Far from fleeing U.S. debt, investors have continued to pile in, driving interest rates to historical lows .
Fighting Fiscal Phantoms
Paul Krugman posts a simple chart that makes a profound point. It compares the yield on UK debt vs. US debt .
Krugman Compares UK And US National Debt
There’s an interesting mix of contrast and similarity between the policy debates in Britain and the United States right now. In both countries — as in every country that retains its own currency and has debts denominated in that national currency — interest rates are near record lows: However, Very Serious People tell very different stories in the two nations.
Incredible Credibility
In-depth analysis on Credit Writedowns Pro , now with big discounts for regular readers.
Krugman, Tabarrok, Cowen and the bond vigilante fallacy
It seems the first skirmish in the battle for economic minds may be at an end. Krugman has declared the debate at an end. And thanks to modern technology we've been able to watch and take part in this debate. A summary has been posted and everybody believes their man won. But you may be wondering why this arcane battle matters at all.
3spoken: Keen vs Krugman and why it matters
Q: What do John Maynard Keynes and Steve Keen have in common? A: They’ve both been misread by Paul Krugman . In just a couple of days I’ve gone from the privilege of being acknowledged by Krugman to being misread by him, in a way that would have any student failed in a multiple choice exam. In a passage where I specifically referred to DSGE models–which includes both “New Classicals” and “New Keynesians” he interpreted me as referring to New Keynesian models only.
Oh My, Paul Krugman
By Scott Fullwiler Update: Paul Krugman has posted a reply to this post that is a straw man. He and Nick Rowe are viewing this all through the lens of the old Monetarist/Keynesian debates in which there was a choice b/n interest rate targets and monetary aggregate targets; the Monetarist critique assumed the Keynesians were going to keep interest rates at the same level forever and not change them. Once John Taylor came up with his “rule,” everyone agreed an interest rate target could work.