nytimes.com - 12/26/2008
—
Times have changed. In 1996, President Bill Clinton, under siege from the right, declared that “the era of big government is over.” But President-elect Barack Obama, riding a wave of revulsion over what conservatism has wrought, has said that he wants to “make government cool again.” Before Mr. ...
nytimes.com - 12/29/2008
—
nytimes.com —
Even as Washington tries to rescue the economy,
the nation will be reeling from the actions of...
50 Herbert Hoovers — state governors who are slashing spending in a time of recession. >
(more)
Op-Ed Columnist: Fifty Herbert Hoovers
nytimes.com - 12/29/2008
—
nytimes.com —
No modern American president would repeat the fiscal
mistake of 1932, in which the federal government tried...
to balance its budget in the face of a severe recession. The Obama administration will put deficit concerns on hold while it fights the ...
(more)
Op-Ed Columnist - Paul Krugman - Fifty Herbert Hoovers
nytimes.com - 12/20/2008
—
nytimes.com —
The revelation that Bernard Madoff brilliant investor
(or so almost everyone thought), philanthropist, pillar of the...
community was a phony has shocked the world, and understandably so. The scale of his alleged $50 billion Ponzi scheme is hard to ...
(more)
Op-Ed Columnist - The Madoff Economy
Comments
Blog Reactions
Krugman's View of Corruption
EconLog: Library of Economics and Liberty —
In his column in today's New York Times , Paul Krugman claims that Franklin D. Roosevelt's New Deal was "clean" and avoided corruption. So clean was FDR's Works Progress Administration, writes Krugman, that "when a Congressional subcommittee investigated the W.P.A., it couldn't find a single serious irregularity that the division had missed." A skeptic would immediately want to know who was on that subcommittee and how thorough a job the subcommittee did. Unfortunately, Krugman doesn't address that issue. Even if one takes the subcommittee's claim at face value, though, as ...
Scrivener.net —
Standards of corruption change over time -- such as since FDR's day. Paul Krugman writes that FDR's administration -- indeed the entire Democratic party-managed government of his era -- was so clean that "when a Congressional subcommittee investigated the W.P.A., it couldn’t find a single serious irregularity"Of course, that was a Democratic progam being investigated by a Democratic Congress that to do so named a Democrat-led committee that picked a Democrat-led subcommittee with a majority of Democratic members who reached that ...
Related Content
Op-Ed Columnist: The Big Test
nytimes.com 2/24/2009 — The Obama administration sees this economic crisis as an opportunity to expand its reach, but I fear that in trying to do everything at once, it will do nothing well. >
Op-Ed Columnist - Fannie, Freddie and You - Op-Ed
nytimes.com 10/2/2008 — And now we’ve reached the next stage of our seemingly never-ending financial crisis. This time Fannie Mae and Freddie Mac are in the headlines, with dire warnings of imminent collapse. How worried should we be? Well, I’m going to take a contrarian ...
Op-Ed Columnist
nytimes.com 13 days ago — Consider, for a moment, a tale of two countries. Both have suffered a severe recession and lost jobs as a result but not on the same scale. In Country A, employment has fallen more than 5 percent, and the unemployment rate has more than doubled. In ...
Op-Ed Columnist - Failure to Rise
nytimes.com 2/14/2009 — By any normal political standards, this week’s Congressional agreement on an economic stimulus package was a great victory for President Obama. He got more or less what he asked for: almost $800 billion to rescue the economy, with most of the money ...
Op-Ed Columnist - Something for Nothing
nytimes.com 6/24/2009 — On May 12, the Senate Finance Committee held a hearing on health care reform. There was a long table of 13 experts, and a vast majority agreed that ending the tax exemption on employer-provided health benefits should be part of a reform package. ...
Op-Ed Columnist: Failure to Rise
nytimes.com 2/13/2009 — It's early days yet, but we're falling behind the curve. America just isn't rising to the challenge of the greatest economic crisis in 70 years. >
Op-Ed Columnist: Behind the Curve
nytimes.com 3/9/2009 — The Obama administration’s economic policy is already falling behind the curve, and there’s a real, growing danger that it will never catch up. >
Op-Ed Columnist: The Madoff Economy
nytimes.com 12/19/2008 — The vast riches achieved by those who managed other people’s money have had a corrupting effect on our society as a whole. >
Op-Ed Columnist: On the Edge
nytimes.com 2/6/2009 — Washington has lost any sense of the reality that we may well be falling into an economic abyss, and that if we do, it will be very hard to get out again. >
Op-Ed Columnist - We Found the W.M.D.
nytimes.com 11/23/2008 — So, I have a confession and a suggestion. The confession: I go into restaurants these days, look around at the tables often still crowded with young people, and I have this urge to go from table to table and say: “You don’t know me, but I have to tell ...
Secretary of Saving the World —
The Big Money 12/22/2008
Confidential sources have passed on to me a January to-do list apparently penned by Timothy Geithner, the New York Fed chief tapped to serve as President-elect Barack Obama's treasury secretary:
1. Find new house in D.C. 2. Fix unholy mess ...
The 12 Days of Christmas —
The Big Money 12/24/2008
The deepening economic gloom will undoubtedly lead to much misery. But the crisis also has silver linings. Here’s one cheery thought for each of the 12 days of Christmas.
On the first day of Christmas, my true love sent to me Barack Obama. ...
Food Safety on 'Back Burner' —
The Big Money 12/29/2008
Given the increase in cases of food-borne illnesses in recent years, you might think that the can-do Obama administration is going to take swift action, adequately funding the Food and Drug Administration and removing it as much as possible from the ...
Follow WallStreetBlips on Twitter
