Portside

The exodus from mainstream media

The first thing you need to know is that while Republicans always claim that raising taxes on the rich will destroy jobs, they have never yet been right.

Reader Comments: Paul Krugman Was Wrong About the 1990s; Clinton Might Not Be the Nominee; Why It's Nearly Impossible for Prisoners to Sue Prisons - kudos from defense lawyers and prisoners; Why did Portside run the New Yorker piece on Donald Trump; If Shostakovich Were Alive - Why did Portside run the hatchet piece; Nestle Control Over Town's Water; Trump, Racism, Anti-Semitism and Catholic Universities; New York Studio Workers Need Your Support; and more...

What is the true economic narrative about the 1990s? Was it a time of shared American prosperity brought on by smart policy? Or was it a time when the style of laissez-faire attitudes forged in the 1980s was co-opted by Democrats and began to create the growing inequality and periodic crises we’ve since become used to?

Paul Krugman is not a Political Scientist. Krugman's "brand" is that he is a "brilliant, Nobel Prize winning economist." In fact, much of his early research was brilliant; and, to be sure, Krugman did win the Nobel Prize. BUT, the misleading discussion of economics contained in his piece, "Sanders Over the Edge" does raise this question in my mind: Is Paul Krugman still qualified to write an economics opinion column for the New York Times?

When you dare to do big things, big results should be expected. The Sanders program is big, and when you run it through a standard model, you get a big result. - James K. Galbraith (former Executive Director of the Joint Economic Committee - the congressional counterpart to the CEA). Paul Krugman in The New York Times has attacked Sanders' economics. Here a number of prominent economists respond, showing how big a change the proposals actually are. They are HUUUGE.

New scholarship by the French economist is a bona fide phenomenon - and the right is terrified. Thomas Piketty argues that the main driver of inequality - the tendency of returns on capital to exceed the rate of economic growth - threatens to generate extreme inequalities that stir discontent and undermine democratic values. He calls for political action and policy intervention. Video - Joseph Stiglitz and Paul Krugman on the significance of the work, and the stir.