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How to Respond to an U-G-L-Y Market
In today’s edition of The New York Times, Nobel Prize winning economist Paul Krugman of Princeton notes that the stock market is in terrible shape — which is obvious — while also making the point that...
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U.S. Downgrade Deserved
S&P’s decision to downgrade the debt of the United States was understandably controversial. But it was right. INTRODUCTION Standard & Poor’s recently downgraded the credit rating of the...
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Krugman v. Summers
Felix Salmon has published an interesting summary of a debate in Canada last night featuring Paul Krugman and Larry Summers (more here, here, here and here). The question presented was whether “North...
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Digital Future, Dimly Foreseen
In my 7th grade music class, every student was required by Miss Perkins to give a report on a piece of music. I picked a popular subject: Iron Butterfly‘s psychedelic hit, In-A-Gadda-Da-Vida. It was a...
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Today in Econopolitics
Victorian historian Thomas Carlyle famously called economics the “dismal science.” It wasn’t hard to see why this week (even while important economic news was understandably overshadowed by the...
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Laugh or Cry?
Ezra Klein (formerly of The Washington Post) has a new venture (Vox) dedicated to what he calls “explanatory journalism” and which offers consistently progressive “explanations” for various policies by...
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Myopinion
Noah Smith (@Noahpinion on Twitter) made an interesting assertion yesterday about the purpose of argument. Smith began by noting Boston University economist Laurence Kotlikoff’s op-ed in Forbes in...
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