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  • Paul Krugman

    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

    Progressive All-Stars Outline Policy Prescriptions for Democrats

    DENVER — Monday’s best attended panel by far was “The Contest: Progressives vs. Conservatives,” featuring Paul Krugman, Arianna Huffington, John Podesta and David Sirota. Each spoke for seven minutes. Highlights include: Podesta announced he is working with Mark Green and tapping the resources at the Center for American Progress to … More

    Morning Bell: The Left's Crony Capitalism Explodes

    Yesterday all three major financial indexes fell after an article in Barron’s reported the Bush Administration is planning to exercise the authority to recapitalize Fannie Mae and Freddie Mac. A Treasury spokeswoman denied the report, but FusionIQ CEO and equity-research director Barry Ritholtz told the AP: “You don’t pass that … More

    Morning Bell: Who Will Save America From the Left's Energy Priorities?

    Unless the House acts today, it will be the first time since the 1950s that lawmakers left for August recess without passing a single appropriations bill. It took one issue to bring the appropriations process to a screeching halt: energy. Instead of allowing even a single debate or vote on … More