In an op-ed from last week, Paul Krugman again called for greater government control of the economy to combat unemployment writing: “A rational political system would long since have created a 21st-century version of the Works Progress Administration — we’d be putting the unemployed to work doing what needs to …
In his Monday “Hey Small Spender” column, New York Times columnist Paul Krugman bizarrely denied that federal spending has significantly expanded over the past two years. He asserted that “[t]here never was a big expansion of government spending” and “the big government expansion everyone talks about never happened.” Yet for …
Since 1985, the hands-down winner for worst marketing campaign has been New Coke—the disastrous flop when Coca-Cola tried to change its flavor. After 25 years, we have a new contender—President Obama’s “Summer of Recovery” slogan of 2010. The big media splash began in June, touting that “Obama, Biden declare ‘Recovery …
Government workers probably aren’t overpaid, and even if they are, we shouldn’t care. This is Paul Krugman’s message in a recent blog post that takes on the critics of government pay. He is wrong on both counts. The Heritage Foundation has written extensively about public-private pay disparities, and we have …
The Obama administration and their Keynesian media allies are desperately pushing back against a growing consensus that President Barack Obama’s expansive and intrusive domestic agenda is to blame for high unemployment and the economy’s slow recovery. So in Paul Krugman’s Pity the Poor C.E.O.’s column today he asserts: So where’s …
In his latest New York Times column, Paul Krugman manages to make some useful observations before slipping into his usual role of distorting propagandist. His most important observation is in his title, “We’re Not Greece”. For that matter, we’re not Portugal or France, either, for all of which we can …
The economic effects of prolonged unemployment insurance (UI) have become a controversial topic recently. Conservatives have pointed to a raft of economic studies to demonstrate that, in addition to the benefits they provide, extended UI benefits also come with an economic cost – lengthening the amount of time that those …
Last week, New York Times columnist Paul Krugman tried to sell the merits of second “stimulus” by claiming education spending is being slashed, to the detriment of American students. He contends that education has suffered because of skepticism about the merits of government spending. Krugman writes: There’s no mystery about …
