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The Conscience of a Liberal

This relatively new blog, authored by New York Times editorial writer Paul Krugman, offers insightful, up-to-date analysis of news relating to the American economy.
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No deal

Sep 20, 2008
I hate to say this, but looking at the plan as leaked, I have to say no deal. Not unless Treasury explains, very clearly, why this is supposed to work, other than through having taxpayers pay premium prices for lousy assets. As I posted earlier today...

McCain on banking and health

Sep 19, 2008
OK, a correspondent directs me to John McCain's article, Better Health Care at Lower Cost for Every American, in the Sept./Oct. issue of Contingencies, the magazine of the American Academy of Actuaries. You might want to be seated before reading this...

Speculative Nonsense, Once Again

Jun 23, 2008
OK, one more try. First of all, I don't have a political dog in this fight. I'm happy to believe that crazy speculation distorts markets. And I do think it's likely that oil prices will come down, for a while, once consumers have a chance to respond ...

I'm not sure what the moral of this is, but ...

Nov 4, 2009
Dire warnings from the distant past.

Increasing returns in a comparative advantage world

Nov 4, 2009
Largely incomprehensible.

Obama and the conventional wisdom

Nov 3, 2009
Obama, being who he is, apparently feels compelled to give at least rhetorical obeisance to the CW. We can only hope that his economists, who know better, can convince him not to act on it.

On not listening

Nov 3, 2009
You might have thought that the worst economic crisis since the 30s, a crisis that should not have happened according to non-Keynesian models, would prompt at least a little intellectual curiosity. But no.

The story so far, in one picture

Nov 3, 2009
Basically, we started out with a year that matched the Great Depression, but have since pulled back a bit from the edge of the abyss.

No deal


McCain on banking and health



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