Paul Krugman is Professor of Economics and International Affairs at the Woodrow Wilson School of Public and International Affairs, at Princeton University, and an Op-Ed columnist for the Times. His numerous books include "The Great Unraveling," "The Conscience of a Liberal," and "The Return of Depression Economics," an updated edition of which was published in 2009. For his contributions to New Trade Theory, he received the 2008 Nobel Memorial Prize in Economic Sciences.
Larissa MacFarquhar has been a staff writer at The New Yorker since 1998. "The Deflationist," her Profile of Paul Krugman, ran in the March 1st issue. She is working on a book about extremely virtuous people.
Paul Krugman has at least three jobs: he is professor of economics and international affairs at Princeton University, Centenary Professor at the London School of Economics, and, perhaps, his best-known job, as an op-ed columnist for The New York Times. In recognition of his influence The Washington Monthly called him "the most important political columnist in America."
Larissa MacFarquhar has been a staff writer at The New Yorker since 1998.
U.S. weekly magazine, famous for its varied literary fare and humour. It was founded in 1925 by Harold Ross, who was its editor until 1951. Initially focused on New York City's amusements and social and cultural life, it gradually acquired a broader scope, encompassing literature, current affairs, and other topics. Aimed at a sophisticated, liberal audience, it became renowned for its short fiction, cartoons, major (occasionally book-length) nonfiction pieces, and detailed reviews in the arts. It was sold in 1985 to Samuel I. Newhouse, Jr. (seeNewhouse family). Since Ross, its editors have been William Shawn (195287), Robert Gottlieb (198792), Tina Brown (199298), and David Remnick (from 1998).
Krugman is correct about health care. The U.S. is the ONLY industrialized country without universal health care. The U.S ranks 32nd in the world in health care just behind Costa Rica?? Every other industrialized nation has 'universal health care' at half the cost??
Average U.S. cost is $6,000 per person. Average cost in Japan, France, Britain, Italy, Germany, etc., is $3,000 per person or less.
Some countries use government run (socialized) systems. Some like Japan use private "non-profit" insurance. All have complete coverage at half the cost.
The bailout & stimulus prevented a major worldwide depression & saved 3 million jobs by conservative estimates. However, it should have been TWICE as big in infrastructure spending and state aid to stop teacher/fireman/police layoffs.
In 1979, before Reagan, the top wealthiest 1% earned 9% of our GDP. They now get 23.5% of GDP -- the highest percentage since 1929.