As the Vatican learned with Galileo, the truth has a way of resurfacing. Be on the lookout for debt-free, interest-free money, coming soon to a country-needlessly-plunged-into-recession-by-austerity near you.
Paul Krugman is right: Japan is attempting a paradigm policy shift with potential systemic implications; and sustainability and success are not certain. The outcome, still too early to tell, will be consequential for Japanese society and the global economy as a whole.
Krugman cares deeply about unemployment and inequality, as did John Maynard Keynes before him. Yet like Keynes, Krugman seems caught in the inequality-free neoclassical paradigm.
Big Money, as Krugman writes in his book, buys Big Influence. And that's why the financiers of Wall Street never truly experience regime change -- their cash brings both political parties to heel.
Has the culture of "retching across the aisle" introduced by the Tea Party so infected everyone else that they simply can't abide the idea of a "win-win" result?
To help high school students better understand the underlying economic issues I prepared a "mock debate" between Alan Greenspan and Paul Krugman.
This list has the names of people who are much more acceptable to Wall Street, who, by the way, have been wrong on almost everything important about the economy in the last decade. As a result, we should be very, very afraid.
Enshrining self-interest as the sole generator of wealth has enabled the wealthiest to keep 'their' wealth, via the divine protection of an 'invisible hand.'
What will bring U.S. back to full employment is a big question among economists. The problem is that the 155,000 new jobs per month in 2012 isn't enough to either absorb new entrants, or those that have lost jobs. Only the investment of more money grows a sluggish economy.
Why not Paul Krugman? He has a Nobel prize in Economics. He's proven his ability to communicate economic knowledge to the multitude. And he's a fierce opponent of cuts to Social Security and Medicare benefits, and the austerity dogma more generally.
The New York Times should be embarrassed. On December 24 it gave a Christmas present to the corporate-backed lobby group Fix the Debt with its front-page Business section puff piece about the organization.
Now that the Hathaway Effect has been widely acknowledged, how could it be manipulated? Now I'm not suggesting any nefarious motives or a full-scale Elizabeth Warren-inspired NYSE investigation into vaginagate, but...
Studies bear out that record income inequality, a poor social safety net and lax, almost nonexistent gun control laws all contribute to the U.S. record as the most gun violent culture in the world.
Over the past year, we've seen a lot of commentary about John Maynard Keynes, Friedrich Hayek, their relationship, their debates, their various ideas ...
Words are contested terrain in political debate. The words we use to label issues and ideas shape how people think about them.