As US President Donald Trump proceeded to upend the world economy after his return to the White House in January, Nobel laureate economist Paul Krugman recalled Charles P. Kindleberger’s adage ...

What cemented the dollar’s dominance was a series of developments, starting with Paul Volcker’s appointment as chair of the Federal Reserve in August 1979. Volcker defeated inflation, establishing the ...

Monetarism’s demerits very much inform the discussion of Paul Volcker. To this day, conservatives claim that by fiddling with the so-called “Fed funds rate,” Volcker arrested inflation.

In late 1980 and early 1981, the Fed, led by then-Chair Paul Volcker, tightened the money supply in a way that enabled the central bank's main interest-rate target to climb to an all-time high ...

Krugman does not say, but he clearly means to include himself (that is what “we” means in ... Paul Volcker, pushed the short-term interest rate to 20%, four times higher than now, the ...

A more succinct interpretation is provided by Paul Krugman: “Americans make a living selling each other houses, paid for with money borrowed from the Chinese.” ... under secretary Paul Volcker and ...

Some economists, such as Democrat-aligned Paul Krugman and Jason Furman, have called for a 3 per cent inflation target. Dr Hassett said the real inflation rate was much higher than currently being ...

This is the standard Friedman prescription of a short, sharp shock of unemployment to defeat inflation—the same remedy followed by Paul Volcker in the late 1970s and early ’80s.

Paul Krugman. Opinion. The Perils of Tough-Guy Economics. April 28, 2023. ... Eminent, yes — Volcker was courageous and an admirable human being as well.

The dollar ultimately prevailed when then Fed chair Paul Volcker tightened monetary policy to tackle inflation and restore confidence in ... Krugman’s take is that the dollar’s role looks ...

PAUL KRUGMAN: Usually, at this point, looking at supercore, which is inflation, taking out food, energy, shelter, and used cars — but it turns out that used-car prices have been crazy enough to ...

Paul Krugman Breaks It Down. The Nobel laureate economist discusses inflation’s slowdown, the G.O.P.’s incoherent economic agenda and A.I.’s impact on the labor market. 2023-02-17T05:00:22-05:00 ...