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blogs.reuters.com - 10/13/2009
Bullard vs. Krugman or the problem with output gaps
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Paul Krugman likes to complain that “freshwater” economists rely on faulty mathematical models as the foundation of their theories. He’s right, they do. And yet his own models are just as faulty. Take his weekend post that argues the Fed should keep rates on hold for ...
blogs.reuters.com - 10/8/2009
Krugman on the end of trade
— blogs.reuters.com — Paul Krugman gave a pleasingly wonkish talk at the World Business Forum today: the attendees with their... Speaker Workbooks will have found it difficult to fill out the Paul Krugman Summary Sheet on page 95, complete with blanks where they are meant to ... (more) Krugman on the end of trade

Comments vote down Economist's View found this 10/8/2009found this
blogs.wsj.com - 10/11/2009
Bullard Cautions on Medium
— blogs.wsj.com — Medium-term inflation risks may be higher than many believe, Federal Reserve Bank of St. Louis President James... Bullard said Sunday, warning that the U.S. economy’s output gap is being over emphasized.“I am concerned about a popular narrative in use ... (more) Bullard Cautions on Medium

Comments vote down EconLog: Library of Economics and Liberty found this 10/11/2009found this
delong.typepad.com - 10/13/2009
Department of "Huh?" (Did Barack Obama and Paul Krugman Run Over David Warsh's Dog? Edition)
— delong.typepad.com — Ooo boy. David Warsh: It is last year’s solo prize in economics to Paul Krugman, of Princeton... University and The New York Times, which poses the more interesting question. Are Scandinavians getting carried away with the US elections? Not ... (more) Department of "Huh?" (Did Barack Obama and Paul Krugman ...

Comments vote down Economist's View found this 10/13/2009found this

Blog Reactions

FT Alphaville:  Non-slacker at the Fed

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Blog Reactions

Non-slacker at the Fed
FT Alphaville — Reuters columnist Rolfe Winkler points us to a recent speech and presentation by Fed governor James Bullard. The speech, Winkler says, is a direct refutation of economist Paul Krugman ’s ideas that inflation, potentially triggered by extremely low interest rates and unconventional monetary policy, is not a threat so long as there’s a large amount of `slack’ in the US economy. Slack occurs when the output gap is a negative number — when the economy is below its full potential — and in traditional economic theory implies deflationary risks as ...

Related: paul-krugman vs. the-daily-show
"‘It’s Not the Great Depression — It’s Worse’"
economistsview.typepad.com 10/9/2009 — Paul Krugman notes the collapse in world trade: Paul Krugman: In Trade, ‘It’s Not the Great Depression — It’s Worse’, Real Time Economics : ...Paul Krugman .... offered a few comments about ... world trade. And the picture he painted was not a ...
Bullard vs. Krugman or the problem with output gaps
hf-implode.com 10/12/2009 — "Paul Krugman likes to complain that “freshwater” economists rely on faulty mathematical models as the foundation of their theories. He’s right, they do. And yet his own models are just as faulty. Take his weekend post that argues the Fed should keep rates on hold for “at least two years.” ...
Paul Krugman vs. The Daily Show
cato-at-liberty.org 10/13/2009 — In a recent New York Times column (“ The Uneducated American ”), Paul Krugman writes that, “for the past 30 years our political scene has been dominated by the view that any and all government spending is a waste of taxpayer dollars.” As a result, ...
To Be Frank, Krugman’s History is Careless — Cafe Hayek
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Cable TV on the Health Care Debate — The Big Picture
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Paul Krugman: Misguided Monetary Mentalities — Economist's View
We need to avoid thinking and acting in ways that got us into trouble in the past: Misguided Monetary Mentalities, by Paul Krugman, Commentary, NY Times : One lesson from the Great Depression is that you should never underestimate the destructive power of bad ideas. And some of the bad ...
Paul Krugman's Guide to Reading the Wall Street Journal Editorial Page — J. Bradford DeLong's Grasping Reality with All Eight Tentacles
1) The WSJ editorial page is wrong about everything. 2) If you think the WSJ editorial page is right about something, see rule #1. Paul Krugman: Modified goldbugism at the WSJ/a>: So I was peacefully drinking my coffee this morning, and was accosted by someone waving the latest WSJ ...
Paul Krugman: The Uneducated American — Economist's View
The crisis in education is "about to get much worse": The Uneducated American, by Paul Krugman, Commentary, NY Times : If you had to explain America’s economic success with one word, that word would be “education.” In the 19th century, America led the way in universal basic ...
Krugman and Recalculating. — The Angry Economist
Paul "MIT wants its PhD back" Krugman is at it again. Chen government action causes an economy to go bust, people need to adjust their spending (recalculating). This includes employers and employees. So unemployment goes up. Krugman can't understand why this process doesn't apply equally to ...
Robert Waldmann on Justin Fox Trying to Referee John Cochrane v. Paul Krugman — J. Bradford DeLong's Grasping Reality with All Eight Tentacles
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Ron Paul: Here Comes the BIG ONE — GoldSeek.com
Ron Paul has a bestseller. That sounds so nice I’ll say it twice. Ron Paul has a bestseller. His new book, End the Fed, is number 30 on Amazon as this is written -- with 167 mostly glowing reviews -- and his reception last week on Jon Stewart’s Daily Show was hugely positive. Stewart, ...