Word: krugman
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...what drove the community of Internet-savvy Democrats crazy was a new ‘feature’ of the New York Times Online web site: a members only $50 per-year subscription section called TimesSelect, which includes all the op-ed columns of (among others) Princeton economist Paul Krugman and occasional Harvard lecturer Thomas Friedman...
After reading the post-Katrina rantings of Paul Krugman, Frank Rich, Maureen Dowd, and Bob Herbert—which were so strained and predictable that one wonders whether they were largely pre-written with the only name of the affected city and a few specific details left blank—it struck me that these were the sort of opinions one might expect to encounter during a famine in 19th century Russia: sincere belief that not only is one man personally responsible for an act of nature but also that, somehow, he alone could have made everything work...
...Rockower's not the only person to believe the sky is falling: Princeton economist and New York Times op-ed columnist Paul Krugman this week wrote that "we're starting to hear a hissing sound, as the air begins to leak out of the bubble" in the real estate market. Don't expect a plunging decline, says Krugman; instead, continual falling sales and rising inventory are signaling the end of good times. In other words, the bubble won't burst, but pfffffffffffffft gradually...
...Rockower and Krugman may, of course, be proven wrong, and the real estate market could continue to climb for some time to come. As with stocks, bonds and other investments, it's often difficult to make blanket statements about the entire real estate market, especially since home prices vary wildly in different cities, states and regions. But, considering the rising tide of interest rates, now seems a perfect time to assess your real estate holdings and home loan with an accountant or mortgage broker, just to make sure you're on the right track...
...asked Paul Krugman, a Princeton economist, what he thought about the widespread perception that his colleagues are an incorrigibly conservative bunch. “Gosh,” he replied. “Economic theory definitely doesn’t make you laissez-faire by definition...For what it’s worth, the best-known economists of my generation (50ish) are mainly, though by no means entirely, moderate Democrats...