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  • Paul Krugman

    Paul Krugman Is Half Right

    Following up on his apologia for Freddie Mac and Fannie Mae today, Paul Krugman blogs: What you need to know here is that the right — the WSJ editorial page, Heritage, etc. — hates, hates, hates Fannie and Freddie. Why? Because they don’t want quasi-public entities competing with Angelo Mozilo. … More

    Who Does Paul Krugman Think He's Fooling?

    Commenting on the Fannie Mae and Freddie Mac mess, Paul Krugman asserts in his column today: Fannie and Freddie had nothing to do with the explosion of high-risk lending a few years ago, an explosion that dwarfed the S.& L. fiasco. In fact, Fannie and Freddie, after growing rapidly in … More

    Demand, Not Speculation, Causing Rise In Oil Prices

    A major plank of Speaker Nancy Pelosi’s (D-CA) efforts to convince the American people that liberals actually want to reduce gas prices is a bill that adds “new restrictions for commodity traders whose speculation has driven up the price of oil.” But as liberal New York Times columnist Paul Krugman … More

    Taxing Like It's 1978

    Yesterday we noted that the U.S. has the second-highest corporate tax rate in the world. Currently, Americans’ personal income tax burden is not nearly as bad, but under Sen. Barack Obama’s tax plan, it would be. Combining Obama’s promise to end the Bush tax cuts with his promise to uncap the … More