TimesTalks: Paul Krugman: The Clock is Ticking

If politicians do not act swiftly enough, the world economy could get trapped in a deflationary spiral.

For more information about TimesTalks events visit http://nytimes.com/TimesTalks.

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[ProsecuteCheneyEtAl]

Reality has a well-known liberal bias.

[shankyxyz]

look, i didnt say there is no inflation. but in the last 1 year, till this year March 09. there was a bit of deflation, reflected also by the dollar index rising to new highs. it is getting gradually unwound becuz of huge govt spending.i am not denying what u are saying, but most monetarists and austrians dont notice the massive loss of credit in the market.the FED has just recently managed to create around 15 Trill, but most of the money has not been spent into circulation.

[islandmuffin]

@dontliethetruth Show us empirical proof that Keynesian economics has worked ever, or pull your “socialism on demand” hands out of your deficit expanding arses.

[dontliethetruth]

@islandmuffin you can shove your "study". dont you think we know that Econ Journal Watch is a libertarian/hack publication by the right wing think tank Atlas economic research Foundation whose president said in the late 80s "our mission is to litter the world with free-market think-tanks."

peer-review, if all "peers" are selected on ideological basis, is no substitute for actual scientific peer review.

spare us the pseudo-academic posturing and let the big boys do their work.

[FreakishDonQuixote]

@MrNeilPRay haha. you don't seem very smart either. good selfown.

[FreakishDonQuixote]

@MrNeilPRay lol @ funny selfown.

[MrNeilPRay]

For a Nobel Prize winner krugman doesn't seem very smart. 6.3 percent unemployment in late 2010, try 10 percent dumbass.

[islandmuffin]

The peer-reviewed research was published in May 2010 issue of the Econ Journal Watch (EJW), edited by Daniel B. Klein.

Seven Nobel laureates are members of the EJW Advisory Council.

[islandmuffin]

@ProsecuteCheneyEtAl Study finds Paul Krugman is the most partisan economist. Krugman was the only economist to "significantly" change his stances for partisan reasons. Krugman has even gone so far as to contradict his own findings to bash Republican politicians. - Brett Barkley, Econ Journal Watch, May 2010

[gunsandbullhorns]

This guy doesn't understand the business cycle.

[ProsecuteCheneyEtAl]

Oct. 2 2009 (Bloomberg) -- The U.S. faces the possibility of deflation for the first time since the Eisenhower administration, a threat that may prompt the Federal Reserve to keep interest rates near zero through next year.

... Kroger Co., the largest U.S. supermarket chain, blamed deflation for a 7 percent drop in earnings in the second quarter, while falling prices ...electronics left August sales unchanged at Costco ... A sustained price drop might set off a chain reaction ...