Something terrible has happened to the soul of the Republican Party. We've gone from bad economic doctrine. We've even gone beyond selfishness and special interests. At this point we're talking about a state of mind that takes positive glee in inflicting further suffering upon the already miserable.
Paul KrugmanIt should be possible to emphasize to students that the level of employment is a macroeconomic issue, depending in the short run on aggregate demand and depending in the long run on the natural rate of unemployment, with microeconomic policies like tariffs having little net effect. Trade policy should be debated in terms of its impact on efficiency, not in terms of phoney numbers about jobs created or lost.
Paul KrugmanThe raw fact is that every successful example of economic development this past century ... has taken place via globalization.
Paul KrugmanI really think that people have to think safety; taking risks for higher yield is a bad idea once you're in late or latish middle age.
Paul Krugman