Osborne’s austerity opponents will not get their way

Chancellor is too worried about the bond market to heed advice from Krugman – and Brown-busting stimulus? Forget it PortesOn the day the Nobel prize for economics was announced in Stockholm, a former winner was in London urging the government to ditch the “mad” austerity policy that was keeping the British economy depressed. Paul Krugman […]
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Labour’s economic policies: time for some strategic heavy lifting | Patrick Diamond

As the government loses its grip, Labour must confront a fundamental question about the nature of British capitalismAs a new political season resumes at Westminster, a succession of disastrous growth figures, an unwillingness to amend the deficit reduction programme despite a faltering economy, and a series of botched decisions on Heathrow and student visas add […]
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Paul Krugman: ‘I’m sick of being Cassandra. I’d like to win for once’

The American economist has a plan to escape the financial crisis, and it doesn’t involve austerity measures or deregulating the banks. But will policy-makers, including our coalition government, heed his advice?By now you will probably have read an awful lot about the financial crisis. Perhaps I’ve been reading all the wrong stuff, but until now […]
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Paul Krugman attacks Britain’s austerity drive as ‘deeply destructive’

Nobel prize-winning economist says austerity policy is failing and coalition should be increasing spending instead of cutting itNobel prize-winning economist Paul Krugman has attacked the government’s austerity policy as “deeply destructive”.Speaking on Radio 4’s Today programme, he said the coalition’s plan was “failing dismally”. Instead of cutting spending the government should be increasing it by […]
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Paul Krugman and Ron Paul discuss economics – live updates

Nobel prize winner hosts Bloomberg TV debate with GOP presidential candidate Ron Paul part of the guest panel4.13pm: Krugman: “The fact of the matter is, we have had too much money competition. This crisis was brought on by the expansion of what amounts to private money with things like repo.”Paul does not attempt to engage […]
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