So, very early reports are that Obamacare exchanges are, as expected, having some technical glitches on the first day - maybe even a bit worse than expected, because it appears that volume has been much bigger than predicted. Hereโs what you need to know: this is good, not bad, news for the program... Lots of people logging on and signing up on the very first day... is an early indication that itโs going to be fine, that plenty of people will sign up for the first year of health reform.
Paul KrugmanGenerous unemployment benefits can increase both structural and frictional unemployment. So government policies intended to help workers can have the undesirable side effect of raising the natural rate of unemployment.
Paul KrugmanIf you want a simple model for predicting the unemployment rate in the United States over the next few years, here it is: It will be what Greenspan wants it to be, plus or minus a random error reflecting the fact that he is not quite God.
Paul KrugmanI think so long as fossil fuels are cheap, people will use them and it will postpone a movement towards new technologies.
Paul KrugmanSomething 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 Krugman