Did the Government Cause the Great Depression?

May 15, 2012, 1:02 PM

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

Apr 6, 2012, 9:55 AM 4

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

Mar 14, 2012, 12:18 PM

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

Mar 13, 2012, 7:15 AM

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

Jan 4, 2012, 8:56 AM

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

Jan 3, 2012, 8:02 AM 3

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?

Jan 3, 2012, 6:24 AM 1

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

Dec 16, 2011, 1:45 PM 14

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

Dec 5, 2011, 12:01 PM

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

Dec 5, 2011, 11:35 AM

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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