Paul Krugman

08/27/2015 - 9:48pm

    What caused Friday’s stock plunge? What does it mean for the future? Nobody knows, and not much.

    Attempts to explain daily stock movements are usually foolish: a real-time survey of the 1987 stock crash found no evidence for any of the...

08/13/2015 - 2:55pm

    On Friday the government of Puerto Rico announced that it was about to miss a bond payment. It claimed that for technical legal reasons this wouldn’t be a default, but that’s a distinction without a difference.

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08/06/2015 - 5:35pm

    Politicians who preside over economic booms often develop delusions of competence. You can see this domestically: Jeb Bush imagines that he knows the secrets of economic growth because he happened to be governor when Florida was experiencing a giant housing...

07/31/2015 - 8:42pm

    Medicare turns 50 this week, and it has been a very good half-century. Before the program went into effect, Ronald Reagan warned that it would destroy American freedom; it didn’t, as far as anyone can tell. What it did do was provide a huge...

07/31/2015 - 8:16pm

    Goodbye, Chicago boys. Hello, MIT gang.

    If you don’t know what I’m talking about, the term “Chicago boys” was originally used to refer to Latin American economists,...

07/31/2015 - 7:24pm

    There’s a bit of a lull in the news from Europe, but the underlying situation is as terrible as ever. Greece is experiencing a slump worse than the Great Depression, and nothing happening now offers hope of recovery. Spain has been hailed as a success...

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