The Right Coast

Editor: Thomas A. Smith
University of San Diego
School of Law

A Member of the Law Professor Blogs Network

Friday, May 10, 2013

Economics One

Paul Krugman commented early this morning on the Wall Street Journal oped by John Cogan and me.  Our oped is based on our research paper with Volker Wieland and Maik Wolters which shows that there are beneficial effects on the economy—in the long run and the short run—of a ten-year program to reduce the budget deficit, and eventually balance it, as proposed by the House Budget Committee.

Krugman’s claims about this research are wrong. 


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