My former colleague Peter Diamond, along with Dale Mortenson and Chris Pissarides, has won the Nobel. Richly deserved. The prize is for work on frictions in markets, which is very important stuff; but Peter, an incredibly profound thinker, has done much much more.
And yes, this is the same Peter Diamond whose nomination to the Fed board has been held up because of Republican doubts about his qualifications.
Paul Krugman is an Op-Ed columnist for The New York Times.
An epic housing bust has led to an epidemic of foreclosures. The situation is much worse than you think.
If government spending hasn’t created jobs, it’s not because it doesn’t work; it’s because it wasn’t tried.
Media moguls have often promoted politicians who would serve their interests. But at Fox News, it isn’t stopping there.
Diplomacy on China’s currency has gone nowhere. Paving the way for possible sanctions is a step in the right direction.
President Obama rode into office on a wave of progressive enthusiasm. But, for many reasons, that has given way to progressive disillusionment.
