Elon Musk doesn’t think visionaries like him should pay taxes the way little people do. After all, why hand over his money to dull bureaucrats?

Paul Krugman: Are the very rich pettier than the rest of us? On average, probably yes

President Joe Biden’s proposals would provide a big push toward decarbonisation. Photograph: Shawn Thew/EPA

Paul Krugman: It's time to face down corporates at zero hour for the planet

Friedrich Hayek’s views on the Great Depression didn’t get much intellectual traction at the time. His fame came with the publication of his 1944 political tract The Road to Serfdom.

Covid-19 produced a reallocation shock as some demand surged and some slumped

Apple must declare where it makes its money – and what it does, naturally, is claim its profits accrue to subsidiaries in countries with low tax rates on those profits, Ireland in particular.

Taxing multinational profits helps fix system rigged against workers in favour of capital

Joe Biden, unlike his predecessor, has hired people who know what they’re talking about. Photograph: Jim Watson/AFP

Paul Krugman: Bribing corporations with low taxes isn’t the way to create jobs

President Donald Trump waves as he walks on the South Lawn of the White House in Washington, on Friday, Sept. 25, 2020. "The president — our chief law enforcement and national security official — could be facing huge liabilities," writes New York Times columnist Paul Krugman. (Stefani Reynolds/The New York Times)

Personal financial trouble has always been a red flag when it comes to filling sensitive government positions because it’s an open(...)

Supporters of the Michigan Conservative Coalition protest against the state’s extended stay-at-home order, amid the spread of the coronavirus disease in Lansing, Michigan. Photograph: Seth Herald/Reuters

America’s rush to reopen the economy is a vast and dangerous experiment

WASHINGTON, DC - MARCH 25: (L-R) U.S. President Donald Trump and Prime Minister of Israel Benjamin Netanyahu prepare to shake hands while walking through the colonnade prior to an Oval Office meeting at the White House March 25, 2019 in Washington, DC. Netanyahu is cutting short his visit to Washington due to a rocket attack in central Israel that had injured seven people. (Photo by Drew Angerer/Getty Images)

The Trump administration is an anti-democratic, white nationalist regime. And while it is not (yet) explicitly anti-Semitic you ha(...)

 US president Donald Trump references  a forecast that appears to have been altered by a black marker to extend Hurricane Dorian’s range to include Alabama  while talking to reporters following a briefing at the White House. File photograph: Chip Somodevilla/Getty Images

If even weather forecasters are expected to be apologists, corruption of institutions is complete

The Albrechtsburg castle in Meissen, Germany. ‘Europeans, and the Germans in particular, treat themselves badly, with a ruinous obsession over public debt.’ File photograph: Matthias Rietschel/Reuters

Some costs of German fiscal obstinacy spill over to its neighbours and wider world

 U.S. President Donald Trump takes questions from reporters during his ‘Made In America’ product showcase at the White House July 15, 2019 in Washington, DC. Trump talked with American business owners during the 3rd annual showcase, one day after Tweeting that four Democratic congresswomen of color should go back to their own countries. (Photo by Chip Somodevilla/Getty Images)

This should be a moment of truth for anyone who asserts Trump's support is based on 'economic anxiety'

Donald Trump’s selection of Larry Kudlow to head the National Economic Council confirms that the tax-cut zombie is undead and well.

Invincible ignorance keeps the zombie economic ideas eating politicians’ brains

US President Donald Trump thinks that he can win  a trade war

Paul Krugman: US president’s folly will cost us all

Puerto Rico has been devastated by climate change, yet Republicans continue to deny its existence.

From Obamacare to climate change the untruths are coming back to bite them

Trump on tax: the US president talks to members of Congress at the White House. Photograph: Shawn Thew/EPA

Paul Krugman: Trump and Democrats both need to acknowledge obstacles to reform

Donald Trump is joined onstage by former Maricopa county sheriff Joe Arpaio (Left) at a campaign rally in Marshalltown, Iowa in 2016, after Arpaio endorsed  Mr Trump’s candidacy.

Paul Krugman: Arpaio, with his racism and authoritarianism, really is Trump’s kind of guy

President Donald Trump will betray the US working class, it’s what he does. Photograph: AP

Betrayal is the US president’s stock in trade, just ask Steve Bannon

Healthcare protest: a rally outside the US Capitol, in Washington, DC. Photograph: Saul Loeb/AFP/Getty

Paul Krugman: The US senate Bill is every bit as cruel and grotesque as its critics say

A meeting held in New York to protest at the Republicans’ plan to change Obamacare.

Paul Krugman: Black-is-white dishonesty over healthcare plan is an assault on truth

A demonstrator opposed to the Republican healthcare plan in Washington DC.

Paul Krugman: The economics are predicated on the totality, you cannot dump one element without dumping all of them

Paul Krugman: Trump’s promises on trade, while unorthodox, were just as fraudulent as his promises on health care.

Paul Krugman: His ignorance-based policy won’t end well

Until 2014, there was basically only one way Americans under 65 with pre-existing conditions could get health insurance: by finding an employer willing to offer coverage.

Beware those who cry freedom the loudest, for they are not on the side of the employee

Donald Trump: ignorant or deeply out of it?

His proposals are terrible and irresponsible but they may get implemented all the same

A few weeks ago Donald Trump whined: “Nobody knew that healthcare could be so complicated.” Now, one suspects, he’s saying the same thing about trade policy.

US president’s campaign bombast is wilting in the face of the hard facts of global trade

Donald Trump’s imploding job approval might help slow the march to autocracy.

His economic advisers, like his other ones, are not at the races

US president Donald Trump: his economic policies are all about empowering ethically challenged businesses to cheat and exploit the little guy. Photograph: Andrew Harrer/Pool/Getty

Reforms such as Dodd-Frank serve people not corporations. These are being reversed

Trump  intends to move US policy radically away from the preferences of most Americans, including towards a pronounced pro-Russian shift in foreign policy

President-elect won the electoral college because of Russia and the FBI

The Republican political thinking  on Obamacare  seems to be that they can find a way to blame Democrats for their debacle. It’s all very Trumpian, if you think about it.

Hallmark is to turn profit on failed businesses and leave others holding the bag

Putin’s Russia can  funnel vast sums to the man at the top in return for, say, the withdrawal of security guarantees for the Baltic states. Image: Getty

America has just entered an era of unprecedented corruption at the top

“Why not just have the government do the spending, the way it did when, for example, we built the interstate highway system?”

Infrastructure plan seems a scam to enrich the well connected at taxpayers’ expense

Job seekers in the US. Will Trump cause an economic slump?

His administration may do the right thing for the wrong reasons

Hillary Clinton: If she wins it  will be thanks to Americans who stood up for our nation’s principles. Photograph: Seth Wenig/AP

The FBI, partisan media, the news networks, all conspired against the Democrat

In Trump’s  vision of America – clearly derived largely from white supremacist and neo-Nazi sources – crime is running wild, inner cities are war zones, and hordes of violent immigrants are pouring across our open border.

If Clinton wins we all go to hell in a hand basket

Presidential candidates Hillary Clinton and Donald Trump. Assuming that Trump loses, many Republicans will try to pretend that he was a complete outlier, unrepresentative of the party. But he isn’t

‘Tape’ scandal upset Republicans when previous scandals didn’t because Trump was already in free-fall

Trump’s advisers are hard-line, right-wing supply-siders; Clinton has staked out the most progressive policy positions ever advocated by a presidential candidate

Has anybody actually read the Libertarian candidate’s manifesto?

Hillary Clinton’s economic plan is “very much a centre-left vision”. Photograph: Ruth Fremson/The New York Times

Clinton economic plan differs from Republicans’ in lack of outlandish assumptions

“American greatness was in large part created by government investment or private investment shaped by public support, from the Erie Canal to the transcontinental railroads to the interstate highway system.” Photograph:  David McNew/Getty Images

Sharply increased public investment the right option given record low interest rates

Republican presidential candidate Donald Trump: “Nobody should be surprised to see Trump confidently asserting things that are flatly untrue, since he does that all the time.” Photograph: Timothy A Clary/AFP/Getty

Despite the candidate’s claims about rampant crime rates, urban violence is declining

Media organisations get ready for the Republican Party’s convention.

Equivalence benefits the extremes by pretending their ‘flat-earth’ facts are as valid as those who say it’s round

Why is Clinton holding up so well against Trump, when establishment Republicans were so hapless?

Republican establishment was there for the taking but Clinton is a different prospect

Barring the equivalent of a meteor strike, Hillary Clinton will be the Democratic nominee; despite the reluctance of Sanders supporters to concede that reality, she’s ahead of Donald Trump. That’s what the math says, and anyone who says it doesn’t is misleading you.

Clinton has own party nomination wrapped up and is ahead of Trump

If Hillary Clinton wins in November, Bill Clinton will occupy a doubly unique role in US political history – not just as the first First Husband, but also as the first First Spouse who used to be president.

Bill Clinton helped create a boom, and Hillary wants to use him to create another one

One candidate has a reasonable, feasible plan to do something about this child care shame, while the other couldn’t care less.

One presidential candiate has a plan for chid care, the other couldn’t care less

For make no mistake about it: The world economy is still a dangerous place. Financial reform has, I’d argue, made our system somewhat more robust than it was in 2008, but fumbling the response to a shock could still have disastrous consequences.

The economic climate is far from being a threat-free zone for the next US president

5th Avenue in New York. The Obama administration – preoccupied with the aftermath of financial crisis and the struggle with bitterly hostile Republicans – has only recently been in a position to grapple with competition policy. Photograph: Chris Goodney/Bloomberg

We aren’t just living in a second Gilded Age, we’re also living in a second robber baron era

Appalled Republicans may rail against Donald Trump’s arrogant ignorance. But how different, really, are the party’s mainstream leaders?

You might think that conservative leaders would be engaged in some soul-searching about their party’s obsession with cutting taxes(...)

Donald Trump and Mitt Romney: the two have had a falling out.

The nearest thing the Republican’s came to an economic debate and it was still absolute nonsense

Marco Rubio has yet to win anything, but by losing less badly than other non-Trump candidates he has become the overwhelming choice of the Republican establishment.

Rubio is peddling crank economics. What’s interesting, however, is why. You see, he’s not pandering to ignorant voters; he’s pande(...)

Hillary Clinton is a genuine policy wonk, who can think on her feet and clearly knows what she is talking about on many issues. Photograph: Patrick T Fallon/Bloomberg

Not all politicians spout canned answers that bear little or no relationship to reality

Once renewable energy becomes an obvious success anti-environmentalism will start to lose its political grip

We are now achingly close to achieving a renewable-energy revolution

Residents of Flint, Michigan, including Wendi Browder, have their blood drawn to have free tests run to check for lead poisoning at the Masonic Temple in the city. Photograph: Brett Carlsen/Getty Images

Officials clearly knew damage to public health even as they stonewalled residents and experts

If we could start from scratch perhaps most health economists would recommend single-payer, a Medicare-type programme covering everyone

It makes no sense using political capital to realign healthcare

None of the dire predicted consequences of Obama’s “job-killing” policies have materialised. Photograph: Nicholas Kamm/AFP/Getty Images

The US has gained 14 million private sector jobs since 2010, but president gets no credit

 US President Barack Obama: after the 2012 election  he was able to go through with a significant rise in taxes on high incomes. Photograph: Zach Gibson/The New York Times

Republicans will be committed to destroying Obamacare and slashing taxes on wealthy

Former US president George W Bush. The current crop of Republicans are doubling down on his economic policies.

The orthodoxy is now to tile tax cuts even more towards the wealthy

Buildings in Beijing, China, shrouded in smog: China faces a huge air quality crisis, brought on largely by coal-burning, which makes it far more willing to wean itself from the worst form of fossil fuel consumption. Photograph: How Hwee Young/EPA

China’s growth and Republican meddling play opposing roles on global climate stage

The US Federal Reserve building in Washington DC. The real profile in courage was the Fed’s behaviour in 2010-11 when it stood fast in the face of demands that it tighten policy.  Photograph: AFP Photo

I believe the Fed is making a mistake if it raises interest rates

For those of us who remember the 1970s, New York in 2015 is so safe it’s surreal. Photograph: Getty Images

Executive elite is driving rents upward in cities – and just about everyone else out

French police stand guard as people gather to look at the Eiffel Tower that is lit with the blue, white and red in tribute to the Paris victims. Photograph: Reuters

Random killings amounts to a strategy that reveals its perpetrators’ core weakness

While popular culture may focus more on meth than on prescription painkillers or good old alcohol, it’s not really news that there’s a drug problem in the US heartland

Life expectancy for less-educated whites is falling across much of the US

US Democratic presidential candidate Hillary Clinton  is completely right about the record: historically, the economy has indeed done better under Democrats. Photograph: Katherine Taylor/Reuters

Why are Republicans much more inclined to boast about their ability to deliver growth?

Justin Trudeau’s Liberals are finally willing to say what sensible economists have been saying all along. And they weren’t punished politically – on the contrary they won a stunning victory. Photograph: Kevin Van Paassen/Bloomberg.

Liberals have a great opportunity to show the world truly responsible fiscal policy

Denmark’s monetary and fiscal errors do not say anything about the sustainability of a strong welfare state. Photograph: Stockphoto/Getty Images

Relief to hear US presidential candidates talk about learning from other countries

US presidential candidate Jeb Bush. He proposes doing away with rules regarding the disposal of coal ash, a byproduct of coal-burning power plants that contains mercury, arsenic and other contaminants . Photograph: Reuters/Chris Keane

There are corporate people who will do whatever it takes to make a buck

Janet Yellen, chair of the US Federal Reserve whose officials left interest rates unchanged last week. Photograph: Andrew Harrer/Bloomberg

Bankers’ howls at Fed decision show desire for rate rise has nothing to do with public interest

Jeremy Corbyn: his triumph isn’t that surprising given the determination of moderate Labour politicians to accept false claims about past malfeasance. Photograph: Justin Tallis/AFP/Getty Images

The other candidates essentially supported Conservative government’s austerity policies

Republican presidential candidates Donald Trump and Jeb Bush participate in the first Republican presidential debate in Cleveland on Sunday. Bush has chosen to attack Trump as a false conservative. Photograph: Andrew Harnik/AP Photo

Bush may pose as thoughtful type but his economic platform is pure supply-side voodoo

Republican presidential candidate Donald Trump: both the Republican establishment and the punditocracy have been shocked by his continuing appeal to the party’s base. Photograph: Jason Davis/Getty Images

It took a domestic disaster such as Hurricane Katrina to burst bubble of George W Bush

A stock quotation board outside a brokerage in Tokyo tracks plunging global indices yesterday. Photograph: Thomas Peter/Reuters

Investors remain jittery, with good reason

Republican presidential candidate and former Florida Governor Jeb Bush says the retirement age should be pushed back to “68 or 70”. Photograph: Gretchen Ertl/Reuters

Presidential hopefuls attack social security because that is what ‘big money’ wants

 US president Barack Obama: his signature healthcare policy was mentioned nine times during  last week’s prime-time Republican debate. Photograph: Mark Wilson/Getty Images

Right-wing presidential candidates have little to say on supposed disaster areas

US president Barack Obama: why have the human consequences of economic troubles been muted? The main answer is that Puerto Rico is part of the US fiscal union. Photograph: Uri Gripas/AFP/Getty Images

When the commonwealth’s economy faltered, it automatically received aid from US

Republican presidential candidate Jeb Bush has spoken recently about attempting to ‘phase out’ Medicare. Photograph: Brian Snyder/Reuters

Conservatives despise health insurance scheme for seniors despite drop in costs

A euro exit will be essential to write down much of Greece’s debt. Photograph: Reuters

Euro a laudable idea but mounting problems have exposed serious flaws at heart of project

Republican presidential candidate Jeb Bush speaks during a town hall campaign stop  in Hudson, New Hampshire. Photograph: Brian Snyder/Reuters

The Republican candidate is perpetuating the mistaken ‘nation of takers’ dogma

Alexis Tsipras speaks to media in Brussels. Photograph: Jasper Juinen/Bloomberg.

The bailout offer is a grotesque betrayal of everything the EU was supposed to stand for

Greece’s debt problem reflected irresponsible lending as well as irresponsible borrowing, and in any case the Greeks have paid for their government’s sins many times over

Campaign of bullying was shameful in a Europe that claims to believe in democratic principles

Pensioners waiting outside a closed National Bank branch and hoping to get their pensions, argue with a bank employee in Iraklio on the island of Crete. Photograph:  Reuters/Stefanos Rapanis

Lack of ability to devalue currency has undermined efforts to turn economy around through austerity

‘Racial hatred is still a potent force in US society, as we’ve just been reminded to our horror.’ People attend an interfaith candlelit vigil in solidarity with the Emanuel African Methodist Episcopal Church in Charleston,  South Carolina, in Brooklyn, New York. Photograph: Kena Betancur/Getty Images

States’ history of slavery is a strong predictor on a wide range of policy issues

Hillary Clinton, former US secretary of state,  formally began her campaign for president on Saturday, and surprised most observers with an unapologetically liberal and populist speech Photograph: Daniel Acker/Bloomberg

Party’s change of tack isn’t just about politics, crucially it’s also about policy

It’s an article of faith on the right that any attempt by the government to fight unemployment must lead to disaster, so the faithful must keep predicting disaster no matter how often it fails to materialise

Inflation derp has become more or less a required position among Republicans

A man looks at displayed goods for sale inside a €1 shop in Athens, Greece: A forced Greek exit from the euro would create huge economic and political risks, yet Europe seems to be sleepwalking toward that outcome. Photograph: Alkis Konstantinidis/Reuters

Negotiations are going badly, and there’s a real possibility the worst will happen

But a funny thing happened on the way to the techno-revolution. We did not get a sustained return to rapid economic progress. Instead it was more of a one-time spurt which sputtered out about a decade ago

A growing number of economists are wondering if the technological revolution has been greatly overhyped

Jeb Bush’s  foreign policy team is led by people who were directly involved in concocting a false case for war. Photograph: Alvin Baez/Reuters

The Iraq War wasn’t an innocent mistake – the Bush administration wanted a war

Senator Elizabeth Warren, a Democrat from Massachusetts, speaking at the National Press Club in Washington yesterday. Ms Warren says Wall Street recklessness caused the 2008 financial crisis Photograph: Bloomberg

Republicans trying to stop financial reform

Obamacare is working better than even its supporters expected – but its enemies say that the good news proves nothing, because nobody predicted anything different

The number of Americans without health insurance has fallen by about 15 million

Protesters in an anti-austerity rally in Athens. Immense sacrifices were supposed to produce recovery but instead the destruction of purchasing power deepened the slump, creating depression-level suffering and a huge humanitarian crisis. Photograph: Milos Bicanski/ Getty Images

Exiting the euro would be extremely costly in Greece and pose huge political and financial risks for Europe

Hillary Clinton. Where will she come out on trade agreements like the Trans-Pacific Partnership?

American voters should look beyond the individual candidates and consider the implications for spending, taxes and financial regul(...)

“Personality-based political analysis is always a dubious venture - in my experience, pundits are terrible judges of character.” Photograph: Spencer Platt/Getty Images.

Gulf between Democrats and Republicans means US voters will get real a choice

Voters judge economic policy not by long-term results but by recent growth. Over five years, the British coalition’s record looks terrible, but over the past couple of quarters it looks pretty good – and that’s what matters politically. Photograph: Leonhard Foeger/Reuters

Claims that budget deficits are the most important issue facing Britain are made as if they were simple assertions of fact, when t(...)

The only people hurt by health reform are Americans with very high incomes, who have seen their taxes go up, and a  small number of people who have seen their premiums rise because they’re young, healthy and affluent

Whatever your view of Obamacare, one indisputable fact is that it is costing taxpayers much less than expected

British prime minister David Cameron’s government put plans for further austerity on hold.  Photograph: Chris Ison/PA

Media organisations routinely present as fact propositions that are contentious if not just plain wrong

Over the past year the dollar has risen 20 per cent on average against other major currencies; it’s up 27 per cent against the euro

The US isn’t exactly booming but it looks great compared with Europe

The United States is now adding jobs at a rate not seen since the Clinton years. Photograph: Bryan O’Brien/The Irish Times

Interest rate increase could cost economy millions of jobs and trigger deflationary trap

Wal-Mart is so big that its action will probably lead to raises for millions of workers employed by other companies. Photograph: Patrick T Fallon/Bloomberg

Low wages are a political choice and we can and should choose differently

JPMorgan Chase chief executive Jamie Dimon is one of the powerful business leaders who has lectured about the so-called ‘skills gap’. Photoraph: Yuri Gripas/Reuters

The argument that an ‘education gap’ is at the root of inequality is at odds with the evidence

Real Greek gross domestic product per capita fell 26 per cent from 2007 to 2013, compared with a German decline of 29 per cent from 1913 to 1919

Greece cannot pay its debts in full and austerity has devastated its economy as thoroughly as military defeat devastated Germany

German chancellor Angela Merkel: the way forward, she insisted,  was a return to frugality. Photograph: Fritz Reiss/AP

If everyone slashes spending at the same time, incomes go down around the world

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