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“The growth of the Internet will slow drastically [as it] becomes apparent [that] most people have nothing to say to each other. … By 2005 or so, it will become clear that the Internet’s impact on the economy has been no greater than the fax machine’s…. Ten years from now the phrase information economy will […]

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Krugmenistan vs. Estonia

What Estonia can teach us about economic recovery—and how the country’s leaders got into a fight with New York Times columnist Paul Krugnan: “On June 6, in a blog post titled ‘Estonian Rhapsody,’ Krugman took on what he called ‘the poster child for austerity defenders.’ In his post, he graphed real GDP from the height […]

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The Deflationist

In his columns, Paul Krugman is belligerently, obsessively political, but this aspect of his personality is actually a recent development. His parents were New Deal liberals, but they weren’t especially interested in politics. In his academic work, Krugman focussed mostly on subjects with little political salience. During the eighties, he thought that supply-side economics was […]

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What Estonia can teach us about economic recovery—and how The country’s leaders got into a fight with New York Times columnist Paul Krugnan: On June 6, in a blog post titled ‘Estonian Rhapsody,’ Krugman took on what he called ‘the poster child for austerity defenders.’ In his post, he graphed real GDP from the height […]

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