We Get It: Paul Krugman Has Been Right All Along

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Here is Paul Krugman just in the past month:

  • It’s now seven years since I warned….
  • Who could have predicted such a thing? Well, me….
  • Many of us warned from the beginning that the multiplier was probably much larger….
  • Those of us who took our Hicks seriously calling the big stuff — the effects of monetary and fiscal policy — right, and those who went with their gut getting it all wrong….
  • As I’ve been trying to point out….
  • As I’ve written many times….
  • Attacks on Keynesians in general, and on me in particular….
  • Here’s what I wrote three years ago….

And that’s not even counting his print columns, which I didn’t have the patience to plow through. I’m a pretty big fan of Krugman, but even for me this stuff has long since gotten old. Maybe it’s time to go cold turkey on the whole “I was right” meme and just concentrate on the economics.

DOES IT FEEL LIKE POLITICS IS AT A BREAKING POINT?

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It sure feels that way to me, and here at Mother Jones, we’ve been thinking a lot about what journalism needs to do differently, and how we can have the biggest impact.

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We aim to hire, build a team, and give them the time and space needed to understand how we got here and how we might get out. We want to dig into the forces and decisions that have allowed massive conflicts of interest, influence peddling, and win-at-all-costs politics to flourish.

It's unlike anything we've done, and we have seed funding to get started, but we're looking to raise $500,000 from readers by July when we'll be making key budgeting decisions—and the more resources we have by then, the deeper we can dig. If our plan sounds good to you, please help kickstart it with a tax-deductible donation today.

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Signed by Clara Jeffery

Clara Jeffery, Editor-in-Chief

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