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  • Paul Krugman

    Not Even Krugman is Buying Obama’s “Spending Cut”

    New York Times Columnist Paul Krugman reacts to President Barack Obama’s $100 million spending cut: “pretty soon, even here in Washington, it adds up to real money,” says the president. Except, you know, really it doesn’t. Let’s say the administration finds $100 million in efficiencies every working day for the … More

    Memo to Krugman: Please Keep Reading

    In the latest issue of Rolling Stone, New York Times columnist Paul Krugman targets Heritage’s Brian Riedl. In defending the $1.1 trillion “stimulus,” Krugman writes: One last line of attack was the claim that fiscal stimulus, in principle, simply can’t work. You hear this from conservative ‘experts’ like Brian Riedl … More

    Get Ready for ‘Hankie Pankie II’

    It is not everyday we get to agree with Paul Krugman, so it is our pleasure to link to his comments last week about President Barack Obama’s burgeoning plans to request hundreds of billions of dollars of more borrowed money to further socialize our nation’s banks: As the Obama administration … More

    Correcting Krugman’s Nonsense

    New York Times columnist Paul Krugman was less than honest when he totally misrepresented my 2001 essay, “Taking Charge of Federal Personnel.” My point was simple: To achieve significant change, a president needs key appointees dedicated to pursuing his vision and mandate, not entrenched D.C. “wise men” intent on pursuing … More

    Krugman’s Phony Government Spending Facts

    Paul Krugman blogs: Let’s lay out the basics here. Other things equal, public investment is a much better way to provide economic stimulus than tax cuts, for two reasons. First, if the government spends money, that money is spent, helping support demand, whereas tax cuts may be largely saved. So … More

    Paul Krugman Loves Wasteful Government Spending

    Krugman writes today: The biggest problem facing the Obama plan, however, is likely to be the demand of many politicians for proof that the benefits of the proposed public spending justify its costs — a burden of proof never imposed on proposals for tax cuts. This is a problem with … More

    Paul Krugman ‘Egregiously Wrong’ on Fannie and Freddie

    Nobel Laureate Paul Krugman did some fine work on international trade theory 20 years ago. When he writes about economic policy today, however, he often just gets his facts dead wrong. This past summer Krugman devoted an op-ed to exonerating Fannie Mae and Freddie Mac from their key role in … More

    Canadians Confirm: Socialized Medicine is Terrible

    This past Tuesday night Intelligence Squared US hosted a live debate at The Rockefeller University on health care. New York Times columnist Paul Krugman was among the participants and, not surprisingly he took the position that socialized medicine was awesome. Being in Manhattan, Krugman figured he probably had a sympathetic … More

    Morning Bell: Big Government Fails Again

    This weekend Treasury Secretary Henry Paulson announced that mortgage giants Freddie Mac and Fannie Mae will be placed in a government conservatorship that closely resembles a bankruptcy reorganization. The move puts U.S. taxpayers on the hook for $5.4 trillion in outstanding mortgage debt and commits the government to provide as … More

    Morning Bell: Mainstreaming Medicare

    DENVER — The air of excitement among progressive activists really is palpable here at the Democratic National Convention. Their supreme confidence that they will win the White House has been shaken a little, but they still believe Barack Obama will prevail and they are certain they will strengthen their majorities … More