Paul Krugman is professor of Economics and International Affairs at Princeton University and a regular columnist for The New York Times. Krugman was the 2008 recipient of the Nobel Prize in Economics. He is the author of numerous books, including The Conscience of A Liberal, The Return of Depression Economics, and his most recent, End This Depression Now!.
Articles by this author
Friday, December 26, 2008
Barack Be Good
Times have changed. In 1996, President Bill Clinton, under siege from the right, declared that "the era of big government is over." But President-elect Barack Obama, riding a wave of revulsion over what conservatism has wrought, has said that he wants to "make government cool again." Before Mr. Obama can make government cool, however, he has to make it good. Indeed, he has to be a goo-goo.
Monday, December 22, 2008
Life Without Bubbles
Whatever the new administration does, we're in for months, perhaps even a year, of economic hell. After that, things should get better, as President Obama's stimulus plan - O.K., I'm told that the politically correct term is now "economic recovery plan" - begins to gain traction. Late next year the economy should begin to stabilize, and I'm fairly optimistic about 2010.