Krugman: Household Debt is the Problem, not the Banking System
Regular readers of Pragcap are well aware of my position on why the economy has been weak and why I think it is likely to remain relatively weak. The monetary [ … ]
Practical Views on Money
Regular readers of Pragcap are well aware of my position on why the economy has been weak and why I think it is likely to remain relatively weak. The monetary [ … ]
I’ve had a lot of criticism for QE over the years and its transmission mechanism so I thought I’d offer the opinions of a rather well known economist as a [ … ]
Paul Krugman dabbles in Monetary Realism’s Contingent Institutional Approach without even knowing it….
Paul Krugman has been discussing a potential return of the Drachma in Greece and how it would influence the domestic economy. Today he showed a nice parallel in Argentina and [ … ]
The rhetoric around Greece’s future is beginning to get very serious. As Dr. Krugman notes, this could be the beginning of the end for the entire currency experiment (via NY [ … ]
In case you missed this – Paul Krugman answered a lot of questions on Reddit yesterday. It’s worth perusing for his views. I found this back and forth between Joe [ … ]
One of the more illuminating facets of Wynne Godley’s work is the sectoral balances approach. He showed us that the government’s deficit is the non-government’s savings. MR can be thoroughly [ … ]
Let’s get right to the point here. Paul Krugman is talking MMT again. And while it’s clear that he’s making a more concerted effort to understand MMT I still think [ … ]
Dr. Krugman has once again tried to drive a stake into the MMT argument. Unfortunately, he is still entirely misinterpreting MMT. In a piece this morning he claimed that MMTers [ … ]