Tag Archives: krugman

Our Wages Are Stagnant and Our Budget Is Tight—so Let’s Eat Out Tonight !

Who are you going to believe, the Bureau of Labor Statistics or your own lying eyes? Based on wage data from the BLS, it has become a settled, uncontroversial, widely-recognized “fact” that wages have not increased in the U.S. for … Continue reading

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Stock Prices Will Grind Higher

After being long and wrong in 2007 and 2008, I have been correctly bullish on stocks for the last few years, arguing they would scale the proverbial wall of worry. Bonds, on the other hand, have looked to me to … Continue reading

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Has Yellen Heard of Obamacare?

In this week’s Barron’s Randall W. Forsyth, citing research by Stephanie Pomboy’s Macro Mavens, makes a point I have been making for a few years. Supposedly strong employment gains in recent months, Pomboy notes, consist largely of part time jobs. … Continue reading

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Why the Marx Brothers Should Support Romney

I have studied inequality way too much.  I once ruined three months of my life sitting in the Boston Public Library in the 1970s, scanning microfilm of the 1875 Massachusetts State Census returns in order to measure wealth inequality.  I … Continue reading

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Professor Krugman gets a “Gentleman’s C” in Economic History

In a recent blog post Professor Paul Krugman argues that private equity and other activist investors did little to improve the U.S. economy, which was performing well before Bain et al. came along in the early 1980s.   He writes: Let’s … Continue reading

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