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Paul Krugman

Grassroots Economics

The IMF has become little more than an abettor of bad policymaking. To avoid the next meltdown, the IMF must become a global advocacy group. Diplospeak is out; punchy prose and clear policy recommendations are in.

Death Cometh for the Greenback

America’s debt is ballooning. Runaway inflation threatens our creditors. Faith in the almighty dollar is wavering. Soon a global reserve, complete with its own currency, will land the final blow against the dollar. But contrary to popular opinion,

Manchurian Paradox

The America-China symbiosis cannot be overstated. Beijing’s willingness to buy U.S. debt allowed us to live on credit, while our purchase of Chinese goods propelled their meteoric rise. But as the financial markets have soured, some in the United

The Culture Club

Not all cultures are equally conducive to progress.

In the Tsunami's Wake

It was a human tragedy, but not an economic disaster.

Political Correctness, Or The Perils of Benevolence

The soft despotism of speech codes.


Is China Doomed?

It'll be very hard to rebalance the economy as the old paradigms fall apart.

Patience and the Currency Wars

The blunderbuss approach to U.S.-China economic relations makes no sense.

Bankrupt Empire

Washington’s massive debt will force America to abandon its role as global hegemon.


The Free-Market Deficit

Where government can intervene to increase the role of free markets in the economy, it should.

Good Policy and Bad Politics

European voters moved the economic debate in the right direction, even if they did so for the wrong reasons.

The Extremist Threat to American Democratic Culture

We may still be a long way from having Somalia-on-the-Potomac, but the extremists in Congress have taken a step in that direction.

Books & Reviews

First Bank of the Living Dead

As the Great Recession gnaws at our very belief in the ability of capitalism to raise us to ever-escalating levels of wealth and prosperity, Keynes's no-longer-viable financial prescriptions are being resurrected.

Dreaming Europe in a Wide-Awake World

When it comes to Europe's gilded future, success is always just around the corner. Europeanists need to wake up--or risk being left behind by an unlikely coalition.

The Beginning of Economic Wisdom

Two primers on economics reveal a lingering philosophical divide in the intellectual imagination of our time.

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April 19, 2014