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Paul Krugman is distinguished professor in the Graduate Center Economics Ph. program and distinguished scholar at the Luxembourg Income Study Center at the City University of New York. In addition, he is professor emeritus of Princeton University’ s Woodrow Wilson School. Krugman was the sole recipient of the Nobel Memorial Prize. The failure— or worse, unwillingness— to ferret out Taylor’ s dirty deeds revealed more about the flaws of state and county government than any balance sheet ever could. A look at the current Federal Reserve Balance Sheet shows that the Fed has created about $ 1.
earth in the balance sheet paul krugman biography
7 trillion of new credit ( money) with which to purchase Treasury debt. Foreign central banks have created about $ 2. 7 trillion of new credit to purchase U.