It is the ideology of austerity that has prevailed in the U.S. at least since the 1980s, and Paul Krugman says is putting Europe into its Second Great Depression.
This is something that Germany, instigator of the eurozone's austerity policies, has to learn if it wants to bring Europe out of its Second Great Depression; by supporting policies that will unite Europe into a greater union, rather than cause its disintegration.
The New York Times reported last week that in the closed-door Republican Senate Caucus retreat, Republican Leader Senator Mitch McConnell "encouraged the Republican troops to refocus policy on the stagnant middle class." That would be like asking the wolves of the world to stop hunting and refocus on cultivating asparagus.
In December 2014, negative annual rates were observed in sixteen Member States.
We're talking about something that requires far harsher condemnation. By lying about the numbers, Republicans are selling policies that take from the most vulnerable and give to the most fortunate.
If you can picture the Beatles explaining today's economy through their songs' lyrics, I suggest you take a look at Federico Rampini's work.
International trade aggravates the three great crises -- of finance, development and the environment -- and to those three it adds another, of democracy. It is far from a benign process fostering harmony and welfare among nations.
Europe is now suffering the same fate, with conservative governments in control and the debtor nations such as Greece still being punished, while Germany flourishes as it protects its own interests rather than that of the EU as a whole
New York Times columnist Paul Krugman is an effective polemicist with a wide readership. So when he makes arguments that are at best factually wrong and at worst disingenuous, one cannot simply ignore them.
Throughout the country, as states voted for Republican candidates for office, they largely voted against GOP policies in their initiative and referendum positions.
President Obama could cite the urgency to combat the spread of Ebola as well as ISIS in order to spend what is necessary to boost U.S. economic strength now. We have known since the Korean War that governments had to spend to create prosperity in peacetime as well as wartime.
Take Krugman's opinion on limits to growth at your peril, and that of your grandkids.
Contrary to conventional wisdom, and many polls, Barack Obama is exactly the right kind of pragmatic leader we need to have as President in these scary times. His steadfastness steered the country through the worst recession since the 1930s.
The International Monetary Fund doesn't want to say it outright, but its latest World Economic Outlook shows more stagnation of the European and Japanese economies, and the possibility of a third EU recession since 2008.
Our system of governance - which has steered this nation into greatness over our two-plus centuries - is in shambles. The destructive force America needed Obama to subdue has grown stronger. The future of American democracy is in serious doubt. Can we call such a legacy the mark of a "successful" presidency?
Paul Krugman's "Voodoo Economics, The Next Generation" does not make any more sense today than it did back in 1980 when presidential candidate G. W. Bush used this term to criticize Ronald Reagan's claim that cutting taxes on the rich would actually -- "magically" lead to greater economic growth.