Category: Paul Krugman

Why Does America Hate Its Children?

The other day a correspondent asked me a good question: What important issue aren’t we talking about? My answer, after some reflection, is the state of America’s children.

Now, it’s not entirely fair to say that we’re ignoring the plight of our children. Elizabeth Warren, characteristically, has laid out a comprehensive, fully financed plan for Read original

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Trump’s Plot Against Health Care Continues

Make no mistake: Health care will be on the ballot this November. But not in the way ardent progressives imagine.

Democrats running for president have spent a lot of time debating so-called Medicare for all, with some supporters of Bernie Sanders claiming that any politician who doesn’t demand immediate implementation of single-payer health care is a corporate tool, or something.

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Trump the Intimidator Fails Again

International crises often lead, at least initially, to surging support for a country’s leadership. And that’s clearly happening now. Just weeks ago the nation’s leader faced public discontent so intense that his grip on power seemed at risk. Now the assassination of Qassim Suleimani has transformed the situation, generating a wave of patriotism that has greatly bolstered the people in charge.

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The Legacy of Destructive Austerity

A decade ago, the world was living in the aftermath of the worst economic crisis since the 1930s. Financial markets had stabilized, but the real economy was still in terrible shape, with around 40 million European and North American workers unemployed.

Fortunately, economists had learned a lot from the experience of the Great Depression.

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Big Money and America’s Lost Decade

Elizabeth Warren has been getting a lot of grief in the news media lately. Some of it, no doubt, reflects campaign missteps. But much of it is a sort of visceral negative reaction to her criticisms of the excessive influence of big money in politics — a reaction that actually vindicates her point.

It’s true that earlier in her career Warren, like just about everyone else, did fund-raisers with wealthy donors.

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The Cruelty of a Trump Christmas

By Trump-era standards, Ebenezer Scrooge was a nice guy.

It’s common, especially around this time of year, to describe conservative politicians who cut off aid to the poor as Scrooges; I’ve done it myself. But if you think about it, this is deeply unfair to Scrooge.

For while Dickens portrays Scrooge as a miser, he’s notably lacking in malice. True, he’s heartless until he’s visited by various ghosts.

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Democrats May Save Us Yet

Wednesday’s impeachment of Donald Trump was neither a surprise nor a turning point. We’ve known for weeks that the House would vote to impeach. We also know, as surely as we can know anything in politics, that a Republican-controlled Senate won’t convict Trump and remove him from office; it may not even pretend to consider the evidence. So it would be easy to be cynical about the whole thing.

But that’s not how it felt.

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How Trump Lost His Trade War

Trade wars rarely have victors. They do, however, sometimes have losers. And Donald Trump has definitely turned out to be a loser.

Of course, that’s not the way he and his team are portraying the tentative deal they’ve struck with China, which they’re claiming as a triumph. The reality is that the Trump administration achieved almost none of its goals; it has basically declared victory while going into headlong retreat.

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