Tag Archives: Paul Krugman

On VoxEU, Paul Krugman reviews Mundell’s work in international finance and his impact on supply side economics.

On Fazit, Gerald Braunberger reviews the concept of “liquidity trap.” Keynes never used the term but Robertson did. Hicks introduced the common notion (represented, e.g., by a flat LM curve). Krugman talks about a different trap. So does Blanchard and he (incorrectly) attributes it to Keynes. So does Sinn.

Who President Trump ultimately picks as the next Federal Reserve Chairman doesn’t really matter. Unless he goes really far afield to someone totally unexpected, whoever that person will be will be largely more of the same. It won’t be a categorical change, a different philosophical direction that is badly needed. Still, politically, it does matter to some significant degree. It’s just that the political division isn’t...

Submitted by Michael Shedlock via MishTalk.com, For all the shock, horror, and aghast of global warm-ongers, comes a startling revelation: It’s Irrelevant if US Pulls Out of Paris Accord. Donald Trump has sent his clearest message yet about his plans for reshaping US policy on global warming by choosing a chief environmental regulator who has questioned the science of climate change. But leading experts say the...

Submitted by Michael Shedlock via MishTalk.com, For all the shock, horror, and aghast of global warm-ongers, comes a startling revelation: It’s Irrelevant if US Pulls Out of Paris Accord. Donald Trump has sent his clearest message yet about his plans for reshaping US policy on global warming by choosing a chief environmental regulator who has questioned the science of climate change. But leading experts say the...

I grew up a block away from the 7-train, where I’d take a short ride from the 90th Street station to the Willets Point–Shea Stadium station to watch my favorite team, the New York Mets. Sitting in the stands as a young child, I learned quickly that there were a number of ways to obtain and interpret information. I could watch the umpire and immediately have known whether Al Leiter threw a strike or a ball. Another...

Long before the UK referendum, many argued that monetary union was undermining the European Union. Many had expected Greece to be forced out not once but twice. There is a cottage industry of books forecasting the demise of EMU. Johan Van Overtveldt, the former Finance Minister of Belgium, penned “End of the Euro” in 2011 and its captures the spirit of the genre. Jen Nordvig, a currency strategist, authored “The Fall...

Why Krugman, Roubini, Rogoff And Buffett Dislike Gold By Jan Skoyles  Edited by Mark O’Byrne  A couple of weeks ago an article appeared on Bitcoin Magazine entitled ‘Some economists really hate bitcoin’. I read it with a sigh of nostalgia. As someone who has been writing about gold for a few years, I am used to reading similar criticisms as those bitcoin receives from mainstream economists, about gold. As with...

College students are back at their desks this month facing bleak prospects. With tightening job markets leaving kids with no place else to go, universities continue to jack up fees. The upshot is growing signs that America is in the midst of an “education bubble,” just as big as those in stock, bond, and real estate markets. Case in point: four years at Harvard University now costs nearly $250,000 [1]. If you want an...

    The Education Bubble: Is A Harvard MBA Worth $500,000? Written by Peter Diekmeyer   College students are back at their desks this month facing bleak prospects. With tightening job markets leaving kids with no place else to go, universities continue to jack up fees.   The upshot is growing signs that America is in the midst of an “education bubble,” just as big as those in stock, bond, and real estate markets.   Case in point: four years at Harvard University...