Enemies of the WTO: Bogus Arguments against the World Trade Organization
Saints and Profits
Workers vs. Workers
The Scrooge Syndrome
Heart of Cheapness
America the Scofflaw
White Man's Burden
Supply, Demand, and English Food
O Canada: A Neglected Nation Gets Its Nobel
Who Knew? The Swedish Model Is Working
The Two Larrys
Missing James Tobin
Metaphors can be tricky things, but Manhattan's "debt clock" is as good as they come.
A public-spirited businessman installed the clock in 1989, hoping to shame politicians into acting responsibly. Huge numerals counted off the ever-rising national debtever-rising because each year the federal government spent far more than it took in, and was forced to borrow the difference. But in the late 1990s a funny thing happened: the government's tax take soared along with the stock market, and those mammoth budget deficits first shrank, then turned into record surpluses. In September 2000, the owner of the clock pulled the plug.
From The Great Unraveling: Losing Our Way in the New Century by Paul Krugman. Copyright Paul Krugman. All rights reserved. No part of this book may be reproduced without written permission from the publisher.
British Parliament asks Amazon to clarify why it pays $9 million in income tax on $23 billion of UK sales.(May 20 2013) Amazon will be called back to give further evidence to members of the British Parliament "to clarify how its activities in the U.K. justify its low corporate...