Did the Government Cause the Great Depression?
A while back some commenters asked me to respond to this claim by Brad DeLong: Back then, the Friedmans made three powerful factual claims about how the world works... Read »
The Fable of the Century
Imagine a country in which the very richest people get all the economic gains. They eventually accumulate so much of the nation’s total income and wealth that... Read »
A Tale of Two Depressions Redux
The debate over stimulus versus austerity continues unabated. This column shows that, while industrial production and trade recovered much more quickly than during... Read »
Sterilized Quantitative Easing
Jon Hilsenrath of the Wall Street Journal reported last week that Federal Reserve officials are evaluating the possibility of a measure that the journal describes... Read »
Republicans Limp Out Of The Gate
I hate to rain on somebody’s parade, especially somebody I’ll probably support in November, but Republicans do not have much to crow about as they emerge from... Read »
The GOP Ticket in 2012: Romney-Rubio
Since my New Year’s prediction that Obama would select Hillary Clinton for his running mate in 2012 (and Joe Biden would become Secretary of State), I’ve been... Read »
Eurozone: Why does the crisis linger, deepen and spread?
Another year, and the Eurozone crisis lingers on. This column asks why, and discusses what can be done. It proposes a solution that can be achieved without the pain... Read »
Krugman Takes on the Austrians and Ron Paul
Gee, hoodathunkitt? Paul Krugman hates Ron Paul. It is not enough for Dr. Paul to want to leave abortion to state legislatures (where the U.S. Constitution would... Read »
Do Eurozone Leaders Finally ‘Get It’? Not Quite Yet
This week’s announcements by German Chancellor Angela Merkel and ECB President Mario Draghi that the Eurozone is taking steps towards a closer fiscal union seem... Read »
The Ultimate Demise of the Euro is a Matter of When, Not If
The coordinated intervention of central banks calmed the European situation in the runup to 9 December EU summit, but the fundamentals of the situation have not... Read »
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