Paul Krugman

Fearing fear itself

Fearing fear itself

Like millions of people, I’ve been obsessively following the news from Paris, putting aside other things to focus on the horror. It’s the natural human reaction. But let’s be...

Nobody knows how to deal with debt

Many economists, including Ms Janet Yellen, chairwoman of the United States Federal Reserve, view global economic troubles since 2008 largely as a story about “deleveraging” — a...

Conquest is for losers

Conquest is for losers

More than a century has passed since British journalist and politician Norman Angell published The Great Illusion, a treatise arguing that the age of conquest was, or at least...

Blind spots in a rock-bottom economy

Blind spots in a rock-bottom economy

Six years ago, the Federal Reserve hit rock bottom. It had been cutting the federal funds rate, the interest rate it uses to steer the economy, more or less frantically in an...

The tale of three money pits

This is a tale of three money pits. It is also a tale of monetary regress — of the strange determination of many people to turn the clock back on centuries of progress.