Paul Krugman

03/26/2015 - 8:41pm

    By now it's a Republican Party tradition: Every year the party produces a budget that allegedly slashes deficits but which turns out to contain a trillion-dollar "magic asterisk" - a line that promises huge spending cuts and/or revenue increases, but without explaining where the money is...

02/12/2015 - 6:03pm

    Many economists, including Janet Yellen, view global economic troubles since 2008 largely as a story about "deleveraging" - a simultaneous attempt by debtors almost everywhere to reduce their liabilities. Why is deleveraging a problem? Because my...

02/12/2015 - 5:41pm

    On Wednesday, the European Central Bank announced that it would no longer accept Greek government debt as collateral for loans. This move, it turns out, was more symbolic than substantive. Still, the moment of truth is clearly approaching.

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02/12/2015 - 4:29pm

    On Monday, President Barack Obama will call for a significant increase in spending, reversing the harsh cuts of the past few years. He won't get all he's asking for, but it's a move in the right direction. And it also marks a welcome shift in...

02/05/2015 - 7:05pm

    In the five years (!) that have passed since the euro crisis began, clear thinking has been in notably short supply. But that fuzziness must now end. Recent events in Greece pose a fundamental challenge for Europe: Can it get past the myths and the...

01/30/2015 - 12:21am

    Alexis Tsipras, leader of the left-wing Syriza coalition, is about to become prime minister of Greece. He will be the first European leader elected on an explicit promise to challenge the austerity policies that have prevailed since 2010. And there will, of...

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