Paul Krugman

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How Western Countries Can Really Hurt Putin
How Western Countries
Can Really Hurt Putin
OPINION

How Western Countries Can Really Hurt Putin

The argument: seize Russian billionaires' foreign assets

(Newser) - Financial and economic sanctions against Russia could be very effective at ending Vladimir Putin's war against Ukraine "if the West shows the will—and is willing to take on its own corruption," American economist Paul Krugman writes at the New York Times . Sanctions on Russia's oil...

Trump Points to Jobs Report as Cure for Race Issues
Trump: It's a 'Great Day'
for George Floyd
the rundown

Trump: It's a 'Great Day' for George Floyd

President celebrates the jobs numbers, speaks of need for 'fair treatment' from police

(Newser) - "Victory lap." That's the term used by the AP and CNN to describe President Trump's reaction to Friday's surprisingly strong jobs report . "This shows that what we've been doing is right," Trump said in the Rose Garden, referring to the White House...

Trump: NYT Needs to Get on Knees, Beg

'They are truly the Enemy of the People!'

(Newser) - President Trump thinks the New York Times should "get down on their knees & beg for forgiveness." The comment came in a "Twitter rampage" attacking media outlets early Tuesday, per Fox News . Trump wrote that he was deserving of "a far bigger & better apology" than...

Pizza Is Tearing Our Country and Politics Apart
Pizza Is Tearing Our
Country and Politics Apart
OPINION

Pizza Is Tearing Our Country and Politics Apart

And GOP is the pizza party, lobbying against a nutritional 'nanny state': Paul Krugman

(Newser) - "Pepperoni Turns Partisan" is the name of Paul Krugman's opinion piece in today's New York Times , and that headline leads straight into the point of his article: that the nutrition wars are heating up, and the GOP is the party of "Big Food." To frame...

Is the GOP Prone to Racist Dog Whistling?

Debate rages around Paul Ryan's comments

(Newser) - Paul Ryan knew exactly what he was doing in a radio interview last week when he said that the US had a "tailspin of culture in our inner cities in particular of men not working, and just generations of men not even thinking about working," Paul Krugman argues...

On What Planet Is the Comcast Merger OK?
On What Planet Is
the Comcast Merger OK?
OPINION

On What Planet Is the Comcast Merger OK?

Paul Krugman thinks we've gotten too complacent about monopolies

(Newser) - Paul Krugman has just two questions about Comcast's deal to buy Time Warner . "First, why would we even think about letting it go through?" he asks in the New York Times . "Second, when and why did we stop worrying about monopoly power?" The broadband industry is already...

Krugman: Bitcoin Is Barbaric
 Krugman: 
 Bitcoin Is 
 Barbaric 


OPINION

Krugman: Bitcoin Is Barbaric

We're 'digging our way back to the 17th century'

(Newser) - Economist John Maynard Keynes called gold the "barbarous relic"—and it has a lot in common with Bitcoin, writes Paul Krugman in the New York Times . Right now, both are being collected at high cost. In Papua New Guinea, the Porgera open-pit gold mine is a leading producer...

Why It's Time to Raise the Minimum Wage
Why It's Time to Raise
the Minimum Wage
OPINION

Why It's Time to Raise the Minimum Wage

2 columnists weigh in

(Newser) - In the current political climate, there's no way we can pass a bill increasing aid to the working poor. But we could very likely pass an increase to the federal minimum wage, writes Paul Krugman in the New York Times . Such an increase is overwhelmingly supported by the public,...

Krugman: This Looks Like a Permanent Depression
Krugman: This Looks Like
a Permanent Depression
OPINION

Krugman: This Looks Like a Permanent Depression

Evidence suggests economy may never fully recover

(Newser) - When it comes to the economy, you hear a lot of talk about "exit strategies," with monetary officials resigned to the fact that, for now, "credit must be easy and interest rates low"—just until the US gets back on its feet. "But what if...

GOP's Biggest Enemy: Reality
 GOP's Biggest 
 Enemy: Reality 

OPINION

GOP's Biggest Enemy: Reality

Party can't turn talk into action: Paul Krugman

(Newser) - Republicans are hitting a wall in the House: the wall between ideology and reality, writes Paul Krugman in the New York Times . They're happy to vote for a bill that calls for enormous spending cuts, but when it comes to selecting actual programs to slash, the party can't...

Urban Sprawl Is Literally Stranding the Poor

Paul Krugman thinks social mobility is suffering, poor stay poor

(Newser) - Detroit spent the last decade spiraling into bankruptcy, while Atlanta spent it growing like mad. But the two cities have something in common: "Both are places where the American dream seems to be dying," writes Paul Krugman at the New York Times . Social mobility is low in both...

Dear DC: 7.6% Unemployment Is Not OK
Dear DC: 7.6% Unemployment Is Not OK
OPINION

Dear DC: 7.6% Unemployment Is Not OK

Paul Krugman thinks everyone's dropping the ball on employment

(Newser) - Once upon a time, back before the financial crisis, Americans had certain expectations for their economy. "Normal, back then, meant an economy adding a million or more jobs a year," and an unemployment rate "not much above 5%," recalls Paul Krugman at the New York Times...

Why the Left Hates 'Chained CPI'

Obama's proposed Social Security changes are not popular with liberals

(Newser) - President Obama is making some concessions to Republicans in his new budget, and there's one that has particularly rankled the Democrats' ranks, reports MSNBC : A proposal to change the way Social Security benefits are determined by linking it to something called "chained CPI." So what is it...

Like Saddam's WMDs, We Still Manufacture 'Mainstream'

Paul Krugman thinks we haven't learned to examine 'mainstream' consensus

(Newser) - It's the 10th anniversary of the Iraq war, a disastrous war fought on false pretenses. "So did our political elite and our news media learn from this experience? It sure doesn’t look like it," Paul Krugman writes in the New York Times . The real trick of...

Raising the Minimum Wage Will Hurt the Poor
Raising the Minimum Wage
Will Hurt the Poor
OPINION

Raising the Minimum Wage Will Hurt the Poor

The Wall Street Journal takes issue with Obama's proposal, but it's a popular one

(Newser) - President Obama's State of the Union call to raise the minimum wage to $9 will ironically hurt his core supporters: young people and minorities, the Wall Street Journal argues in an editorial. "Setting a floor under the price of labor creates winners and losers," the editors argue....

'Zombie' Economics Have Eaten Rubio's Brains
 'Zombie' Economics Have 
 Eaten Rubio's Brains 
Paul Krugman

'Zombie' Economics Have Eaten Rubio's Brains

Paul Krugman thinks Republicans need to stop peddling discredited ideas

(Newser) - Marco Rubio is undoubtedly a rising political star—heck, TIME anointed him the "Republican Savior" on a recent cover. "What we learned Tuesday, however, was that zombie economic ideas have eaten his brain," writes Paul Krugman in the New York Times . A "zombie idea" is Krugman'...

Why We Need to 'Kick That Can'

 Why We Need to 
 'Kick That Can' 
Paul Krugman

Why We Need to 'Kick That Can'

Paul Krugman: US debt problems are long-term; fixing now would be 'destructive'

(Newser) - Paul Krugman appears exasperated with John Boehner's exasperation. On Wednesday, the speaker of the House discussed his determination to tackle the deficit, saying, “I’ve watched them kick this can down the road for 22 years since I’ve been here. I’ve had enough of it. It’...

Stewart to Krugman: $1T Coin Makes Me Look Bad?

Host hits back at ticked-off economist

(Newser) - Jon Stewart last week swiped at Paul Krugman's $1 trillion coin idea , eliciting a somewhat thin-skinned response from the economist, who told ABC News that "Obviously neither he nor his staff did even five minutes of looking at the financial blogs" and blasted Stewart for "ruining his...

Hurry, Mint That Platinum Coin
 Hurry, Mint That Platinum Coin 
Paul krugman

Hurry, Mint That Platinum Coin

Paul Krugman: It's kind of a joke, but so is the current predicament

(Newser) - Despite facing plenty of blowback from wags, wonks, and politicos over the past week—such as Ezra Klein in the Washington Post —Paul Krugman is continuing his push for the $1 trillion platinum coin option to bypass the looming debt ceiling debate. ( Here's a summary of how...

Quick Debt Ceiling Fix: $1T Coin
 Quick Debt 
 Ceiling Fix: 
 $1T Coin 
paul krugman

Quick Debt Ceiling Fix: $1T Coin

Or, Obama could just raise limit himself

(Newser) - Think the whole debt-ceiling debate is silly? Paul Krugman does, too, and he's been pushing an admittedly "silly" way out of it. A legal loophole intended for making commemorative coins, he writes in the New York Times , could come in handy: Thanks to the rule, the US Treasury...

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