Monthly Archives: September 2013

Finally a difference of opinion with Krugman

There’s a reason he’s been called Krugtron. Oppose him at your peril. Nevertheless, I’d personally play down the ‘financial catastrophe’ angle of failure to raise the debt ceiling. Krugman in today’s NYT: “it looks quite possible that default would create a huge … Continue reading

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The jobs problem: structural mismatch, or inadequate demand?

Is the high unemployment rate something we have to get used to? “Yes” say the ‘structuralists’ who view the problem as one of mismatch between the jobs needed by the modern economy and the skills offered by the workforce. Since … Continue reading

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Bring on the (USA) downgrade

I think Krugman essentially has it right about the apparent lack of bond-market excitement over a possible US debt repayment event (which might arise if Congress refuses to authorise a higher debt ceiling). To paraphrase him: why should the markets worry … Continue reading

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