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Paul Krugman

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  • Is this good news or bad? Politics and the English language

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  • Discredited economic theory holds Europe in deflationary thrall

    PARIS -- This week the notorious "troika" representing the three major lenders to severely indebted European Union nations -- officials from the IMF, the European Commission and the European Central Bank -- once again descended upon Athens to consider new...

    Economic reality and the minimum wage

    Economic reality and the minimum wage
    If you offer people something that is too good to be true, you will always find takers. Ask Bernie Madoff. Or ask Barack Obama. He recently proposed an increase in the minimum wage — an idea that suits the natural predilections of many people enough...

    Nate Silver's numbers racket

    In the last week or so, an intense kerfuffle broke out over the poll-prognosticator Nate Silver and his blog at the New York Times, FiveThirtyEight. Silver, a statistician, has been predicting a decisive Obama victory for a very long time, based on his...

    The broken window fallacy and unintended consequences

    Have you heard the parable of the broken window? It's a wonderful example of unintended consequences that applies not only to businesses activity and government regulations but to individuals as well. Fans of the book "Freakonomics" are given a front...