Uneasy Money » Paul Krugman

A couple of days ago, I wrote post gently (I hope) chiding Olivier Blanchard for what seemed to me to be a muddled attempt to attribute inflation to conflicts between various interest groups (lab...

https://uneasymoney.com/2023/01/05/dangerous-metaphors/

UPDATE (9:25am 11/16/2021): Thanks to philipji for catching some problematic passages in my initially posted version. I have also revised the opening paragraph, which was less than clear. Apologi...

https://uneasymoney.com/2021/11/16/high-inflation-anxiety/

UPDATE: Re-upping this slightly revised post from July 11, 2011 Paul Krugman recently gave a lecture “Mr. Keynes and the Moderns” (a play on the title of the most influential article ever wri...

https://uneasymoney.com/2021/07/28/krugman-on-mr-keynes-and-the-moderns/

UPDATE: Re-upping my post from July 8, 2011 I indicated in my first posting on Tuesday that I was going to comment on some recent comparisons between the current anemic recovery and earlier more ...

https://uneasymoney.com/2021/07/08/krugman-and-sumner-on-the-zero-interest-lower-bound-some-history-of-thought/

With unemployment at the lowest levels since the start of the millennium (initial unemployment claims in February were the lowest since 1973!), lots of people are starting to wonder if we might b...

https://uneasymoney.com/2018/03/30/the-phillips-curve-and-the-lucas-critique/

Scott Sumner wrote a post commenting on my previous post about Paul Krugman’s column in the New York Times last Friday. I found Krugman’s column really interesting in his ability to pack so m...

https://uneasymoney.com/2016/07/19/whats-wrong-with-emh/

Paul Krugman has a nice column today warning us that the recent record highs in the stock market indices don’t mean that happy days are here again. While I agree with much of what he says, I do...

https://uneasymoney.com/2016/07/15/stock-prices-the-economy-and-self-fulfilling-prophecies/

Mervyn King, former Governor of the Bank of England, and professor of economics at LSE, recently published a book, The End of Alchemy, containing his reflections on the current state of economic ...

https://uneasymoney.com/2016/07/07/krugman-goes-easy-on-king/

UPDATE: (05/06): In an email Richard Lipsey has chided me for seeming to endorse the notion that 1970s stagflation refuted Keynesian economics. Lipsey rightly points out that by introducing infla...

https://uneasymoney.com/2016/04/26/whats-wrong-with-monetarism/

Last week Paul Krugman argued that Ted Cruz is more dangerous than Donald Trump, because Trump is merely a protectionist while Cruz wants to restore the gold standard. I’m not going to weigh in...

https://uneasymoney.com/2016/04/13/whats-so-bad-about-the-gold-standard/