Word: krugman
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Dates: during 2000-2009
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...lecture was sponsored by the Harvard Bookstore and was moderated by Christopher Lydon, Harvard Law School fellow and former host of NPR’s “The Connection.” Infusing his lecture with tidbits about the nature of his job as columnist for the Times, Krugman focused discussion on his new book, The Great Unraveling: Losing Our Way in the New Century...
...Krugman’s commentary is astute and accessible. A winner of the highly selective John Bates Clark Medal for outstanding economists under the age of 40—an honor he shares with University President Lawrence H. Summers—and a professor of economics at Princeton, Krugman is adept at translating economic phenomena and jargon into everyday language. His columns are often constructed around metaphors that help readers understand not only what is going on in the markets, but how that connects to policies emanating from Washington. In his new book, Krugman admits that even he was surprised...
...Krugman, analysis of the Dow also requires analysis of George W. Bush. Krugman explains in The Great Unraveling’s preface that he hopes his book will show how “taken together these columns tell a coherent story...
That story, as the title suggests, is America’s sudden plunge from the peaks of the technology boom to the depths of widespread unemployment and war. But Krugman does more than detail how isolated events like the demise of the dot-com era, the Sept. 11 terrorist attacks and Bush’s tax cuts contributed to America’s current economic malaise. His story, as he explained to his audience on Friday night, is also that of his own disillusionment. Krugman says the election of 2000 thrust him into a crisis of confidence, and that...
...Krugman began crying foul during the 2000 campaign, when he accused Bush of using “fuzzy numbers” in his economic calculations. He noted discrepancies between Bush’s platform promises and the actual proposals the Bush team released while campaigning. Sometimes Candidate Bush’s emphasis was misleading; the future president stumped about unburdening the middle class but reserved his largest tax cuts for the income tax and estate tax, taxes that most affect the wealthiest Americans, Krugman charges. On other occasions, Krugman points out, the economic policies Bush proposed in his campaign simply...