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Columbia Journalism Review content tagged Paul Krugman

1. November 12, 2010 12:18 PM

   Another WSJ Deficit Plan Headline Misses the Mark

   By Felix Salmon

   The WSJ does none of its readers any favors with its silly headline attempting to sum up the effects of the deficit commissions tax proposals. “Top Earners May Face Big Hit”, it says—which would surely be more accurate if the “May” was replaced with “Won’t”. The piece begins: A presidential panel’s draft overhaul of the tax system could hit higher...

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2. August 5, 2011 08:18 PM

   Audit Notes: Decline and Fall, Inflation Falls Again, Stress Indicators

   By Ryan Chittum

   Your Decline and Fall Moment of the Day comes from Standard & Poor's, the credit-ratings firm that was a core cause of the financial crisis and economic catastrophe. The press reported late tonight that S&P was about to downgrade the sovereign debt of the United States from AAA, despite last week's debt-ceiling deal—a momentous decision surely not taken lightly and...

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3. August 28, 2012 06:50 AM

   Audit Notes: GOP gold bugs, too big to fail, Niall Ferguson

   The myth of hard money

   By Ryan Chittum

   The Republicans have put the gold standard (or at least a commission to study the idea) back in their party's platform. Paul Krugman writes about why this is nuts: There is a remarkably widespread view that at least gold has had stable purchasing power. But nothing could be further from the truth... So if we’d had a gold standard operating...

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4. December 19, 2011 11:43 PM

   Audit Notes: Inflation Inflation, FT on Frannie, Deep Downturns

   By Ryan Chittum

   Paul Krugman and Brad DeLong catch Niall Ferguson in a whopper on inflation. Ferguson: And the reason the CPI is losing credibility is that, as economist John Williams tirelessly points out, it’s a bogus index. The way inflation is calculated by the Bureau of Labor Statistics has been “improved” 24 times since 1978. If the old methods were still used,...

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5. April 20, 2012 02:18 AM

   Audit Notes: Luskin and Krugman, Bailouts, Minimum Wage,

   By Ryan Chittum

   Brad DeLong catches Donald Luskin in a doozy. Luskin calls out Paul Krugman for saying in 2000 that the Dow Jones was overvalued but that the Nasdaq was not. Only that's not really what Krugman said. Here's Luskin: In late February 2000, two weeks before the peak of the dot-com stock bubble at Nasdaq 5,000, Krugman wrote in his Times...

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6. June 22, 2012 06:28 PM

   Audit Notes: NYT CEO search, Private Prisons, Morozov

   Sulzberger looks for a boss with tech experience

   By Ryan Chittum

   Bloomberg News has new details on The New York Times Company's search for a CEO, which includes "aspirational" folks like Eric Schmidt of Google: New York Times Co., seeking a chief executive officer who can reverse a six-year sales slump, is looking for a tech-savvy executive to help wring more revenue from the Internet, according to people familiar with the...

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7. April 6, 2012 06:14 PM

   Audit Notes: Paul Ryan’s Very Serious Budget, The London Whale

   By Ryan Chittum

   Paul Krugman hammers colleague David Brooks today, writing about unnamed commentators "pretending to be moderates or at any rate only moderate conservatives" praising Paul Ryan and criticizing Obama for being mean to him, which Brooks did this morning. Ryan proposes tax cuts that would cost $4.6 trillion over the next decade relative to current policy — that is, relative even...

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8. July 12, 2012 06:50 AM

   Audit Notes: Reuters on Chesapeake, Krugman on CNBC, Waldman on banks

   The wire uncovers more emails showing potential collusion between competitors

   By Ryan Chittum

   Reuters continues its tremendous investigation into natural gas giant Chesapeake Energy and its CEO Aubrey McClendon. Brian Grow and Joshua Schneyer report on yet more Chesapeake emails between it and its competitor Encana: The emails show the competitors traded information about whether Encana was halting new land leasing in Michigan in 2010, and the information prompted Chesapeake to dramatically change...

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9. September 9, 2011 08:45 PM

   Audit Notes: The 14th Century, Gilded China, The Second Stimulus

   By Ryan Chittum

   Treasury bonds yields hit another low today, dropping to 1.917 percent for ten-year bonds. You might even say markets are begging the government to borrow money to stimulate the economy. The folks who've been warning us about near-term deficits for the last few years have been screaming about bond vigilantes and inflation, and they've been all wrong. The Wall Street...

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10. September 27, 2011 07:53 PM

    Audit Notes: The Costs of Trade, WSJ Op-Ed Page, Frontier Days

    By Ryan Chittum

    The Wall Street Journal covers an MIT study that found the downsides of trade with China have been worse than previously known (amongst economists, that is. Workers have long understood this): A pattern emerged, with areas where factories were most exposed to Chinese import growth faring worse than the less exposed. Between 2000 and 2007, a community at the 75th...

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11. July 26, 2011 06:45 PM

    Audit Notes: The Debt Ceiling Blame, Murdoch’s Meddling, Thou Shalt Not Autoplay Videos

    By Ryan Chittum

    Frustrated with the debt-ceiling coverage, which is far too even-handed, I wrote this last night on Twitter: it's very simple: if one party would pay our bills, while the other won't (without) meeting its demands, then the latter is to blame for any mess. This phenomenon has upset Paul Krugman too, sending him into full-on Shrill mode, in which he...

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12. August 29, 2012 12:13 PM

    CNBC: kid gloves for bankers, boxing gloves for bank critics

    Interviews with Barofsky, Spitzer, and Krugman underscore the network's capture

    By Ryan Chittum

    We're all for aggressively skeptical interviewing—I've often wished we could import Brits to do our presidential interviews, for instance. But it's a problem when one group of people get interviewed adversarially and another group gets deferential treatment. That contrast has been clear on CNBC in the last few weeks in a series of interviews with liberal bank critics Neil Barofsky,...

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13. April 14, 2011 01:11 PM

    Conservatives Get Colorful on Obama’s Deficit Speech

    More subdued libs are mostly pleased

    By Joel Meares

    The president’s speech yesterday was notable to my ears for two things: the surprisingly direct attack on Rep. Paul Ryan’s budget plan and the ideology underpinning it (un-American!), and Obama’s general vagueness on how he would achieve the ambitious goals he set. To be fair, though, it wasn’t as detail-lite as some of his previous orations, and pundits can...

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14. August 1, 2011 01:28 PM

    Paul Krugman on Journalistic Balance

    The missing voices

    By Trudy Lieberman

    New York Times columnist Paul Krugman addressed the cult of balance in the debt debate Friday when he wrote: News reports portray the parties as equally intransigent; pundits fantasize about some kind of ‘centrist’ uprising as if the problem was too much partisanship on both sides. Some of us have long complained about the cult of ‘balance,’ the insistence on...

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15. October 30, 2012 06:50 AM

    The ‘downright dangerous’ Paul Krugman

    CNBC's Becky Quick thinks, wrongly, the economist is alone in debunking "fiscal crisis"

    By Ryan Chittum

    This summer, New York Times columnist Paul Krugman went on CNBC to talk about his book and ended up getting ambushed by a pack of smug, out of touch, and/or misinformed journalists, something I wrote was emblematic of the network's financial capture. Now CNBC's Becky Quick, one of the more level heads over there, takes to the pages of Fortune...

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16. April 19, 2011 11:25 AM

    Uncivil Wars

    The president should be more civil, whatever that means

    By Joel Meares

    With Wednesday’s deficit speech and Thursday night’s leaked comments about “sneak”-ing through agendas and Paul Ryan not being “on the level,” the pundits are once again getting themselves tied up over questions of civility. Apparently, it was uncivil of the president to criticize Ryan’s deficit plan so directly in his speech Wednesday, when Ryan was in the room, and...

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