Paul Krugman's Blog, page 608

Multiplying multipliers

Multipliers, multipliers, everywhere.

Does unconventional monetary policy solve the zero bound problem?

The zero bound is still binding, which means that right now we're very much still in liquidity trap territory.

Moral decay? Or deregulation?

Did we lose our economic morality? No, we were the victims of politics.

The true fiscal cost of stimulus

I'm coming more and more to the conclusion that the public debate over fiscal stimulus, which views it as an agonizing tradeoff between possible benefits now and certain costs later, is wildly off base.

The 4 percent solution

If we get real health care reform AND we get a sane political scene the long-term fiscal outlook is serious but not scary.

Crowding in

Under current conditions deficit spending doesn't lead to crowding out -- it leads to crowding in. In fact, you could argue that the worst thing we can do for future generations is NOT to run sufficiently large deficits right now.

The textbook economics of cap-and-trade

Econ 101, cap and trade, and the political debate.

Pigou, Glenn Beck, and the false case against cap-and-trade

Of Glenn Beck and the economists.

Me on Skidelsky on Keynes

My review of The Return of the Master.

90-minute warning

Sarah Palin's long, long speech.