Krugman insists on the validity of the Phillips Curve, which purports to show an inverse relationship between unemployment and inflation, but the causal mechanism Krugman sees between them is straight…

Krugman says Trump is surrounded by people who are wrong on trade: first, the neo-mercantilists, who view trade as a zero-sum game of winners and losers, and second, “neo-goldbugs,” who…

Today we branch out a bit and take on one of Robert Reich’s popular (but obviously simplistic) videos about what’s gone wrong with the economy. Why, we once had strong…

Trump’s tariffs are bad economics, so Krugman isn’t entirely wrong, but his cheerleading for some of the well-known trade agreements needs the gentle correction we’re known for on this show…….

Modern Monetary Theory (MMT) is gaining traction. Its adherents think it’s just common sense, but it’s actually destructive nonsense. Why, governments can never “run out of money,” because they have…