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Paul Krugman is the sole recipient of the 2008 Nobel Memorial Prize in Economics. He writes a twice-weekly column for the Op-Ed page of The New York Times, along with a blog, The Conscience of a Liberal, which is also the title of his acclaimed 2007 book. He is a professor of economics and international affairs at Princeton University, and the author or editor of 20 books and more than 200 professional journal articles. Jeff Greenfield interviews.
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One of America’s most respected political analysts, Jeff Greenfield has spent more than 30 years on network television, including CNN, ABC News, CBS and currently serves as an anchor on PBS’ Need to Know. He is a four-time Emmy Award-winner and columnist for Yahoo! News. Greenfield has served as anchor booth analyst or floor reporter for every national political convention since 1988 and reported on virtually every important domestic political story in recent decades. Greenfield has authored or co-authored 12 books, including his 2011 bestseller, Then Everything Changed: Stunning Alternate Histories of American Politics—JFK, RFK, Carter, Ford, Reagan, in which he looks at American political history "through a fictional looking glass." Other of his books include The People’s Choice, The Real Campaign, and Oh, Waiter! One Order of Crow!, an insider account of the contested 2000 presidential election.
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."
Nobel Prize-winning economist Paul Krugman explores why Wall Street felt relatively little fallout from the economic crisis. He explains that in addition to the "crude stuff" like political contributions, there's the more "subtle" influence that stems from the Wall Street lifestyle.
Paul Krugman explains that even though the current economic recession may not be on the same scale as the Great Depression, it's still going to leave an indelible scar on the next generation. "The kids who are graduating into the 2011 job market are never going to have the lives they should have had," says Krugman.
Measures employed by governments to stabilize the economy, specifically by adjusting the levels and allocations of taxes and government expenditures. When the economy is sluggish, the government may cut taxes, leaving taxpayers with extra cash to spend and thereby increasing levels of consumption. An increase in public-works spending may likewise pump cash into the economy, having an expansionary effect. Conversely, a decrease in government spending or an increase in taxes tends to cause the economy to contract. Fiscal policy is often used in tandem with monetary policy. Until the 1930s, fiscal policy aimed at maintaining a balanced budget; since then it has been used countercyclically, as recommended by John Maynard Keynes, to offset the cycle of expansion and contraction in the economy. Fiscal policy is more effective at stimulating a flagging economy than at cooling an inflationary one, partly because spending cuts and tax increases are unpopular and partly because of the work of economic stabilizers. See alsobusiness cycle.
Every time I read posts by Americans disparaging Europe, I immediately assume they are among the 80%+ who do not even have a passport in the country.
IF they knew anything about Europe or Scandinavia, they would see a higher quality of life for all their citizens, with higher levels of education, health, longevity, lower crime, etc. The only classes of citizen which have it better off in the US are the ultra wealthy and "citizen" corporations, both of whom dominate every public policy of the country.
Hi, greetings from Europe:
Let me please tell you something about the "old continent", we have free medical services, free education, social programs to fight against the poverty..in fact, you should say that Europe is socialist.But that`s not true, capitalism is running high. From the 80 untill today the european states are following the economical line drawed in EEUU: cutting taxes to the rich people and corporations, destroying goverment regulations and lossing control over the economy..this is not just words or my opinion.. is based on facts and evidences. If we, the people, dont wake up, our future will be very complicated.Thank you and good luck
Maybe I have a terrible imagination but I cannot fathom why anyone would pay $5 to be able to listen to more of this garbage? It's bad enough that this is the level of discussion framed in our country. Our political infrastructure should be free, and back and forth, and contain a lot more views than the same old people from Time, NY Times and other newspapers and magazines.
We never had socialism ... why was Franklin Roosevelt the most loved and re-elected President ever in the US history. Jeff Greenfield is one of the usual talking heads who apparently gets paid just to say things like this. Cutting spending and taxes just makes any opposition to this corporate state more difficult, and over time if it can continue it will be institutionatlized to the detriment of the United States of America which does not exist anymore.
I don't understand how Mr. Jefferson is comparing Krugman's politics to Nazi Germany, The British Empire, and The Soviet Union. It seems to me he is making vast generalizations. If anyone seems to have a childlike understanding of history, in my view, it is him.