Paul Krugman's Blog, page 542
July 14, 2010
Nobody Understands The Liquidity Trap (Wonkish)
It's depressing to realize that two years into liquidity trap economics, the WSJ still doesn't seem to understand the basic point of why the zero bound is a problem.
Delusions About Debt Dynamics
The debt dynamics coming out of interest payments on existing debt aren't anything like the explosive force the austerity crew would have you believe.
Tax Cut Delusions
They can't handle the truth.
July 13, 2010
Invincible Ignorance
The notion that tax cuts pay for themselves has no empirical support.
A Quotation Ruined By Context
We're all crazy now.
Dani Rodrik Is Insufficiently Radical
Policy makers aren't responding to what financial markets demand -- they're responding to what they believe, thanks to some mystical source of knowledge to which I'm not privy, markets will demand one of these days.
July 12, 2010
A View To A Kyl
Failing to pass the Laffer test.
Missing Myths
Not letting a column disappear.
This Situation Is Different (Wonkish)
It's different in a liquidity trap.
The Meaning of Credibility
It's not about inflation.
