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This Is The Way Cultures Change: Not With A Bang, But With Dance Numbers
Someone writing during the 1990s financial crisis in East Asian wrote that we should expect to see an ever-greater share of output there because, “after all, most people are Asian.” We should expect...
View ArticleEmotion Over Expertise
Paul Krugman notes the deep emotional reaction of some Bush Jr. officials to the success of Pres. Obama’s efforts to find Osama bin Laden: Once in a while I mention, in passing, that the Bush...
View ArticlePaul Krugman’s Questionable Judgment
As noted immediately below, everyone who this morning was working to elect Newt Gingrich the next President of the United States has now quit to find other things to do. Newt himself has now issued a...
View ArticleThen went the devils out of the man and entered into the elephant
There is still no agreement on the debt ceiling, and it is harder and harder to see how this crisis will be resolved. Contrary to popular perception, authorizing an increase in the debt ceiling is not...
View ArticleYou’re Supposed To Sit On Your Ass And Nod At Stupid Things
Well, Paul Krugman is obviously a big fan of the blog, because he’s yet again channeled what we’ve been saying. From PYM the other day: rule #1 of MSM punditry is that critiquing the choreography and...
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We Who Fail To Learn From History
Paul Krugman, Nov. 2008: A decade ago, when I tried to make sense of Japan’s predicament, I used a simple, unrealistic model to ask what we really know about the relationship between the money supply...
View ArticlePaul Krugman Pictures David Brooks In A Hot Tub
In his latest post: I was struck by a passage in David Brooks’s column today: But, over the years, government has grown and undermined these virtues. Wall Street financiers no longer have to behave...
View ArticleFacts Have No Meaning, And Money Is King
We’ve discussed the perils of centrism a time or two before. Dean Baker finds David Brooks engaging in quintessentially Brooksian false equivalence: David Brooks is really upset, we may have a lost...
View ArticleZero Data To Support “Regulatory Uncertainty” Talking Point
Lawrence Mishel wrote a detailed debunking of the right-wing talking point that “uncertainty” is plaguing our businesses, who are apparently refusing to invest because they’re so scared of Obama’s...
View ArticleThey All End Up In A Ditch In This World Of Fools And Knaves
Paul Krugman, on This Week, explaining the ascent of Newt in the wake of the series of short-lived GOP frontrunners Trump, Perry, and Cain: “I have a structural hypothesis here,” Krugman told ABC’s...
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