The Business Times

Paul Krugman

FILE PHOTO: Tennis - U.S. Open - Flushing Meadows, New York, United States - September 8, 2024 Elon Musk is seen during the final match between Italy's Jannik Sinner and Taylor Fritz of the U.S. REUTERS/Mike Segar/File Photo
THE BROAD VIEW

The tech bro style in American politics

Whatever their motivations, political spending by tech bros could have huge effects on US politics

Jerome Powell speaking at the Jackson Hole symposium on Aug 23. He noted that the inflation rate has declined a lot since it peaked in 2022.
THE BOTTOM LINE

Inflation is fading, statistically and politically

LAST week was full of speeches. Most of those that attracted national attention in the United States were at the Democratic National...

The Federal Reserve's legal status is complicated, but there's no fundamental constitutional principle saying that elected officials must keep their hands off the money supply.

Why presidents should keep their hands off the Fed

The pragmatic case for central bank independence

The US unemployment rate has been gradually trending up over the past few months.

The economy is looking pre-recessionary

Will a sluggish Fed snatch defeat from the jaws of victory?

A woman holding a placard reading "Project 2025 is un-American" in an anti-Trump protest outside the venue of the Republican National Convention in Milwaukee, Wisconsin, Jul 15.

Don’t lose sight of Project 2025 – that’s the real Trump

There are many things to object to in the blueprint, foremost of which is calling for the replacement of career civil servants...

Americans who are doing okay and who know that their neighbours are doing okay have somehow come to believe that bad things are happening somewhere else, to people they don’t know.

The matrix of consumer discontent

THE past two years have been very good for the US economy. Unemployment has crept up a bit, but not by a...

A trader on the floor as the Dow Jones industrial average again edged toward breaching 40,000 at the New York Stock Exchange on May 17, 2024.
THE BOTTOM LINE

What does the Dow hitting 40,000 tell us?

LAST week, for the first time in history, the Dow Jones Industrial Average closed above 40,000.

The Sahm rule says that a recession is highly likely if that three-month average rises more than half a percentage point above a previous low.
THE BOTTOM LINE

Is the landing soft? Will it stay that way?

Parsing the US inflation and unemployment numbers

If one is presiding over a good economy, as Joe Biden is, and persuadable voters seem to be aware that it’s a good economy, why shouldn't he claim credit?

Why Biden should talk up economic success

THE United States economy has just gone through an extraordinarily successful year. Many economists (although not all of us) predicted that getting...

It is a safe prediction that the Federal Reserve cutting interest rates will be seen by Donald Trump and his supporters as part of a deep-state conspiracy to re-elect President Joe Biden.

Don’t be surprised if Trump starts attacking the Fed

INTEREST rates are heading down. Maybe not today, and maybe not tomorrow, but soon, and for the rest of this year (at...

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