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Economics and Politics - Paul Krugman Blog
OK, so we now know the “adverse case” that will be used for the bank stress tests . Testing to destruction it isn’t. In the adverse case — which is, remember, supposed to be a worst-case scenario — the average unemployment rate next year is 10.3 percent. That’s worse than most forecasts, but ...
The Social Security obsession, again - Paul Krugman Blog
krugman.blogs.nytimes.com — By any reasonable standard, Social Security is at most a second-tier policy issue. There are various ways... to make this point. One is to compare the fiscal problems of Social Security, such as they are, with those of the rest of the federal government. ... (more) The Social Security obsession, again - Paul Krugman Blog
If Krugman Likes It . . .
If Krugman Likes It . . .
corner.nationalreview.com — In terms of the Obama budget, the most frightening words imaginable come from Paul Krugman of the... New York Times: "this budget looks very, very good." We should all be afraid, very, very afraid. (more) If Krugman Likes It . . .
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Jindal's Incoherant Rebuttal
Taegan Goddard's Political WirePaul Krugman on Lousiana Gov. Bobby Jindal's response to President Obama last night: "And leaving aside the chutzpah of casting the failure of his own party's governance as proof that government can't work, does he really think that the response to natural disasters like Katrina is best undertaken by uncoordinated private action? Hey, why bother having an army? Let's just rely on self-defense by armed citizens." "The intellectual incoherence is stunning. Basically, the political philosophy of the GOP right now seems to consist of snickering at stuff ...

Krugman Nails the 2009 Republican Party
Hoffmania! — ... Snap. For example, knowing when a volcano is likely to erupt can save many lives; but there’s no private incentive to spend money on monitoring, since even people who didn’t contribute to maintaining the monitoring system can still benefit from the warning. So that’s the sort of activity that should be undertaken by government. So what did Bobby Jindal choose to ridicule in this response to Obama last night? Volcano monitoring, of course. And leaving aside the chutzpah of casting the failure of his own party’s governance as proof that ...

Remainders: Volcanos
Ben Smith's Blog — The WSJ gets health care plan details: taxes and spending cuts. William Kristol warns his party. Step 1 in the GOP's recovery: create a website Biden may not be familiar with the website number. Log Cabin GOPers respond to Steele. Krugman thinks Jindal's an odd guy to mock colcano monitoring. Napolitano keeps the word "terror" out of her congressional testimony. Coleman's preferred ballots take a beating in court. Guantanamo abuses increase as ...

Related: paul krugman blog
And Etna EruptsECHIDNE OF THE SNAKES
Paul Krugman has a very useful lesson of Econ 101 on his blog about Bobby Jindal's jeering at volcano monitoring: Traditionally, the division between conservatives and liberals has been over the role and size of the welfare state: liberals think that the government should play a large role in ...
Adam Posen Says That Our Banking Policy Is Heading for Big Trouble...J. Bradford DeLong's Grasping Reality with All Eight Tentacles
Adam via Paul Krugman: Turning Japanese - Paul Krugman Blog - NYTimes.com : The guarantees that the US government has already extended to the banks in the last year, and the insufficient (though large) capital injections without government control or adequate conditionality also already ...
In Which Clive Crook Succumbs to the High Broderism, I ThinkJ. Bradford DeLong's Grasping Reality with All Eight Tentacles
UPDATED: Paul Krugman makes an intellectually honest argument against the buy-America provisions that almost made it into the Obama fiscal boost program: Protectionism and stimulus (wonkish) - Paul Krugman Blog : Should we be upset about the buy-American provisions in the stimulus ...
Why Have an Army?TalkLeft
In a blog post entertainingly discussing Bobby Jindal's silly jibe at volcano monitoring, Paul Krugman asks: Hey, why bother having an army? Let’s just rely on self-defense by armed citizens. In fact, the Founding Fathers designed our government to NOT have a standing army. Article 1, ...
Moving Toward Bank NationaizationJ. Bradford DeLong's Grasping Reality with All Eight Tentacles
Paul Krugman: Stressed for Success : Aha — the Times’s dealbook blog supplies exactly the numbers I was looking for. It cites a CreditSights report on the potential losses of major banks — which gives us a guide to the amount of capital the federal government needs to ...