Paul Krugman

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.

The world’s hot money blues

The world’s hot money blues

Whatever the final outcome in the Cyprus crisis — we know it is going to be ugly; we just do not know exactly what form the ugliness will take — one thing seems certain: For the...

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