For those of a Keynesian persuasion, Paul Krugman’s visit to Britain this week is more exciting than the Diamond Jubilee and the Olympics put together. My interview with the economics Nobel laureate for the Indy can be found here. But for those of a wonkish nature who would like to hear Krugman’s views on subjects such as NGDP targeting and the Phillips Curve the full transcript is below.
The analysis of the Congressional Budget Office suggests not that stimulus didn’t work, but that it wasn’t big enough and wasn’t maintained for long enough.
Well, he didn’t say that during the election, did he? The Prime Minister’s warning that the cuts in public spending will be so deep as to affect “our whole way of life”sounded ominous, as I think it was meant to be. We’re being softened up, and the markets appeased. The realities of [...]
Moody’s, the credit rating agency, is starting to ask a very scary question, albeit in very soothing language. It has just issued it’s clients with a report called Dimensioning US Government Debt.
By taking over Fannie Mae and Freddie Mac and by expanding the activities of the Federal Reserve the US government has taken ownership of [...]
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