December 2024
- Opinion
- US Votes 2024
A Nobel Prize winner asks: Is there a way out of the grim place we are in?
Resentment can put bad people in power, but in the long run it can’t keep them there. Hopefully.
August 2024
- Opinion
- US election
Calling Harris a communist shows Trump’s desperation
The vice president is a social democrat, but that doesn’t mean she believes in state control of the economy.
July 2024
- Opinion
- Populism
When the numbers just don’t add up
MAGA in the US and National Rally in France are both making voters big economic promises, but their ideas have some massive holes, writes Paul Krugman.
May 2024
- Opinion
- Trump's America
Trump shows the cost of pettiness among the powerful
Donald Trump’s vendetta against wind turbines is not unusual among plutocrats and tech lords who believe they should have more say.
- Opinion
- Interest rates
Are we returning to the late ’90s high interest rate era?
I’m starting to wonder whether high interest rates might last a lot longer than many people, including me, have been predicting.
March 2024
Bidenomics is making China angry. That’s OK
Biden’s China policy is so tough that it makes me, someone who generally favours a rules-based system, nervous.
February 2024
- Opinion
- Global economy
Why Biden should talk up US economic success
For one thing, when has being humble about the economy ever worked as a political strategy?
January 2024
- Opinion
- Global economy
Is the ‘vibecession’ finally coming to an end?
Consumer sentiment has soared over the past two months, while expected inflation has plunged. Suddenly, Americans are sounding more positive about the economy.
- Opinion
- Inside China
China’s economy is in trouble, and it’s everyone’s problem
China’s economic rivals should not gloat. There will be trouble if Beijing tries to export its way out of a failing model.
- Opinion
- USA
America is on the mend. But do the voters believe it?
The resilience of the US economy and society during and after the pandemic has been remarkable. But so is the pessimism of ordinary people.
December 2023
- Opinion
- Bonds
A Christmas gift from the bond market
There’s no real reason for yields to have plunged since October, argues Paul Krugman: “My guess is that we’re mainly looking at market psychology.”
- Opinion
- Inflation
Beware economists who won’t admit they were wrong
From an economic point of view, 2023 will go down in the record books as one of the best years ever.
August 2023
- Opinion
- Inside China
China’s economy is stumbling, and it’s a danger to global security
Beijing’s economic model has hit a wall. But a dictatorship is more likely to seek a foreign adventure than try to reform itself.
July 2023
- Opinion
- World politics
Why China isn’t likely to be the next Japan
China’s economy has faltered, and some have been asking whether its future path might resemble that of Japan. The answer is probably not - China will do worse.
- Updated
May 2023
- Opinion
- US recession
Why do Americans believe their economy is bad when it isn’t?
What the data says, and how workers and consumers perceive it, are two very different things. Blame economists for this.
January 2023
- Opinion
- Russia-Ukraine war
Why modern power is about more than military might
As Russia has found to its cost, wars today are about economics, technology and soft power, not just the number of bodies in uniform.
October 2022
- Opinion
- International affairs
How did it all go so wrong, so fast, for Liz Truss?
Truss is squarely in the libertarian box. Her policies thrust her into the political wilderness, into a barren quadrant where few voters may be found.
April 2022
- Opinion
- Currencies
Why the US dollar dominates
Is the greenback about to lose its special role in the world financial system? People have been asking that question for my entire professional career.
January 2022
- Opinion
- Global economy
US inflation shows the power of media narrative
US President Joe Biden’s inflation, rather than his jobs boom, has captured the headlines. How does that happen?
- Opinion
- Biden's White House
Joe Biden’s economic management has been a secret triumph
Putting full employment first will have been worth the trouble of a couple of years of elevated inflation.