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Irrational markets: V-shaped edition

June 8, 2009

The market shot up late this afternoon because Paul Krugman stated: “I would not be surprised if the official end of the U.S. recession ends up being, in retrospect, dated sometime this summer,” he said in a lecture today at the London School of Economics. “Things seem to be getting worse more slowly. There’s some […]

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Andy Kindler visits Wall Street

March 14, 2009

Clip from David Letterman featuring an excellent Krugman montage:

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Krugman vs Mankiw... again

March 11, 2009

They're still at it!  Mankiw explains on his blog (provacatively titled "Wanna bet some of that Nobel money?"): Paul Krugman suggests that my skepticism about the administration's growth forecast over the next few years is somehow "evil." Well, Paul, if you are so confident in this forecast, would you like to place a wager on it and take advantage […]

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Deus Ex Machina

February 23, 2009

Paul Krugman's new opinion, "Banking on the Brink," contains an excellent point: The real question is why the Obama administration keeps coming up with proposals that sound like possible alternatives to nationalization, but turn out to involve huge handouts to bank stockholders. He follows it up with a bizarre one: What we want is a […]

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But names will never hurt me

February 11, 2009

There is a fascinating debate raging right now among the world's most prominent economists, who are kicking and screaming at each other across newspaper columns, interviews, and their personal blogs. The diatribe was ignited by this January 22 opinion in the WSJ by the esteemed Robert Barro, whose class I was fortunate enough to attend one […]

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