UPDATE: And some more on New Deal economics on his blog.
Today’s Krugman goodness… Op-Ed Column and Blog.
From the blog, a graph comparing the ‘expansion’ during Bush to other post-WWII expansions. The only winner? You guessed it… corporate profits.
Krugman and every other economist/analyst I’ve heard over the last few days come to the same conclusion when talking about McCain and Clinton’s proposed gas tax holiday.
Pointless and borderline pandering for votes.
Here’s Krugman’s take:
Why doesn’t cutting the gas tax this summer make sense? It’s Econ 101 tax incidence theory: if the supply of a [...]
The man is on a roll!
On the Bhutto assassination
On The Effects of Trade [Plus: Background]
If you aren’t reading him, why not?
Percentage gains in after-tax income from 2003 to 2005:
Bottom quintile: 2%
Next quintile: 2.4%
Middle quintile: 3.9%
Fourth quintile: 3.7%
Top quintile: 16%
Top 10%: 20.9%
Top 5%: 27.7%
Top 1%: 43.5%
According to Krugman’s analysis of the CBO’s Historical Effective Federal Tax Rates report released recently.
It was a boom, all right — but only for a few people.
Yup.
I, like most Americans (I suspect), followed the media and politician’s constant drum beat that Social Security was doomed. “Baby boomers are going to retire”, “the ratio of workers paying in to retirees getting benefits is getting lower”, “we need to privatize the program” they said. On the surface the argument seems logical, except for [...]
