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Paul Krugman
Paul Robin Krugman (born February 28, 1953) is an American economist, Distinguished Professor of Economics at the Graduate Center of the City University of New York, and an op-ed columnist for The New York Times. In 2008, Krugman won the Nobel Memorial Prize in Economic Sciences for his contributions to New Trade Theory and New Economic Geography.

Paul Krugman

Why Are Democratic Centrists Spouting Right-Wing Propaganda?

Everyone who paid attention during the Obama years knew that Republicans would also try to undermine Democratic presidencies. Some of the G.O.P.’s actions — notably, the efforts of governors like Ron DeSantis and Greg Abbott to prevent an effective response to a deadly pandemic — have shocked even the cynics. Still, a Republican attempt to make President Biden fail, no matter how much it hurt the rest of the country, was predictable.More surprising, at least to me, has been the...

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Why the Child Tax Credit Should Be Permanent

Americans love rags-to-riches stories, tales of people who transcended childhood poverty to achieve adult success. Unless you’re totally oblivious to reality, however, you surely realize that such stories are the exceptions, not the rule. The disadvantages of growing up in poverty — poor nutrition, poor health care, an impoverished environment, the cognitive burden that goes along with never having enough money — can and often do hobble children for the rest of their lives.That much is or...

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Dear Joe Manchin: Coal Isn’t Your State’s Future

So Senator Joe Manchin of West Virginia will be responsible for putting together the Democratic climate plan. This is both understandable and terrifying. It’s understandable because Democrats need the vote of every one of their senators, which means doing whatever it takes to get skeptics on board. It’s terrifying because Manchin might end up gutting key proposals from President Biden, especially those aimed at drastically reducing the burning of fossil fuels.The best-case scenario is that...

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Once Covid Is Under Control, Inflation Will Fade From Memory

Consumer prices have risen 4.4 percent over the past six months; that’s an annualized inflation rate of almost 9 percent, which puts us almost back into 1970s territory. And there are plenty of people out there proclaiming the return of stagflation.But the people in a position to do something about it — above all, Jerome Powell, the chairman of the Federal Reserve — are fairly serene. They insist that we’re looking at only a transitory blip driven by the disruptions associated with...

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Foreign Terrorists Have Never Been Our Biggest Threat

It may seem like a terrible thing to say, but a fair number of people — especially in the news media — are nostalgic about the months that followed 9/11. Some pundits openly pine for the sense of national unity that, they imagine, prevailed in the aftermath of the terrorist attack. More subtly, my sense is that many long for the days when the big threat to America seemed to come from foreign fanatics, not homegrown political extremists.But that golden moment of unity never existed; it’s a...

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What Happens When the Covid Relief Ends?

In the heady days of spring, when the United States was vaccinating 3 million people a day, President Biden predicted a “summer of joy.” But then the vaccination campaign stalled, and the Delta variant fueled a new wave of infections, hospitalizations and deaths.This didn’t have to happen. True, Delta’s contagiousness has led to rising caseloads almost everywhere. But America has pulled away from other advanced countries in hospitalizations and deaths:ImageAmerican...

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Did Friedrich Hayek Get the Economics of the Covid Crisis Right?

Remember Austrian economics? In the aftermath of the 2008 financial crisis, a number of conservatives rejected Keynesian economic prescriptions and claimed instead to be devotees of the Austrian School, especially Friedrich Hayek.It’s questionable how many of these self-proclaimed “Austrians” actually knew what they were endorsing. In general, when right-wingers talk about intellectual history, you want to fire up your fact-checking. For example, Mark Levin of Fox News has a best-selling book...

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Corporate America Is Lobbying for Climate Disaster

Why does Mickey Mouse want to destroy civilization?OK, that’s probably not what Disney executives think they’re doing. But the Walt Disney Company, along with other corporate titans, including ExxonMobil and Pfizer, is reportedly gearing up to support a major lobbying effort against President Biden’s $3.5 trillion investment plan — a plan that may well be our last chance to take serious action against global warming before it becomes catastrophic.To say what should be obvious, the dangers...

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The Buying of the American Mind

Today’s column was inspired by the latest twist in our still shambolic response to Covid — the continuing refusal of many Americans to get vaccinated and the insistence of some of them on swallowing horse paste instead. I tried to link this horrifying, if comic, development to the long relationship between right-wing extremism and patent medicine. But I didn’t have space to put this in the broader context of how money influences politics and policy.The simple fact is that none of us are...

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The Snake Oil Theory of the Modern Right

You don’t hear much these days about “economic anxiety.” Most observers acknowledge that the rise of the Trumpist right was driven by racial and social antagonism, not economic populism.Yet there is an economic element to political extremism, just not what you’d think. Right-wing extremists, and to some extent even more mainstream conservative media, rely on financial support from companies selling nutritional supplements and miracle cures — and that financial support is arguably a...

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