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This is why Krugman Makes the Big Bucks

…be both. UPDATE: As usual, Mark Thoma was there first, and includes Mankiw’s disingenous response and Thoma’s spot-on analysis of the accompanying loss of reputational capital that response requires: Declaring…

Overshoot 2% inflation.

It seems that the most recent employment report has convinced several* economists that there is a high risk that the Fed Open Market Committee (FOMC) will raise the target Federal…