Paul Krugman

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Paul Krugman
Paul Krugman is one of the most successful columnists in The New York Times. Some of his best articles that helped him win a Nobel Prize on October 13, 2008 were “The Great Illusion;” “Fuels on the Hill,” and “Running Out of Planet to Exploit.” Paul Krugman joined The New York Times in 1999 as a columnist on the Op-Ed Page and is also a professor of Economics at Princeton University. Mr. Krugman received his Bachelor’s Degree from Yale University in 1974 and his Ph.D. from MIT in 1977 and has also taught at Yale, MIT and Stanford. Krugman has his own blog called “The Conscience of a Liberal” where he reported that he was a distant relative of David Frum who is a conservatist that has been fired by the American Enterprise Institute. Although Krugman’s distant relative is a conservative, Paul Krugman is a Liberal because first of all, his blog is titled “The Conscience of a Liberal” and second is because of the way he views economics, health reforms, uprisings in the Middle East.

Paul Krugman shows traits of being a Liberal because of the ways he views economics. In Krugman’s article, “Deep Hole Economics”, he talks about how the economy is very much stabilized because as he said, “Construction shows no sign of returning to bubble-era levels, nor is there any indications that debt-burdened families

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are going back to their old habits of spending all they earned.” Even though he talks about how this is good news, he is still worried that policy makers will feel more relaxed about some of the economic issues and decide that they will no longer need to continue the economy’s recovery. Even if the economy is stabilized the unemployment rate is about 10 percent according to the arithmetic of job creation so in order to fix that, Krugman said, “we have to grow around 2.5 percent a year just to keep up with rising productivity and population, and hence keep unemployment from rising.” Only a liberal would think that way...
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