Paul Krugman

Paul Krugman @paulkrugman

A very good point from Olivier, but the replies make it clear that many people don't get it. Maybe an old analogy can help clarify 1/ — PolitiTweet.org

Paul Krugman @paulkrugman

RT @ojblanchard1: 1/8. A point which is often lost in discussions of inflation and central bank policy. Inflation is fundamentally the out… — PolitiTweet.org

Paul Krugman @paulkrugman

Almost surely the Musk fan version of HODLing — PolitiTweet.org

Paul Krugman @paulkrugman

When you want to do scathing muckraking but can't https://t.co/lvcRMGFjIq — PolitiTweet.org

Paul Krugman @paulkrugman

RT @PhillipsPOBrien: Incisive article by @paulkrugman about the extreme over-valuation that we've seen for Tesla (and Bitcoin) over the pre… — PolitiTweet.org

Paul Krugman @paulkrugman

Btw, clear family resemblance to the shipping container crisis of 2021-2. But more to come 7/ — PolitiTweet.org

Paul Krugman @paulkrugman

Mainly, though, a system that normally works pretty well ran into a, um, perfect storm. No doubt some bad actors; there must be some way to blame Musk or someone. But not a morality play 6/ — PolitiTweet.org

Paul Krugman @paulkrugman

Now clearly SW had an inadequate scheduling system; there may be a story of corporate penny-pinching here. But hardly unique 5/ — PolitiTweet.org

Paul Krugman @paulkrugman

Worth noting that before this happened, SW was ranked #1 in customer satisfaction (in basic economy — it doesn't have business class) 4/ https://t.co/jSskF1CuQl — PolitiTweet.org

Paul Krugman @paulkrugman

But p2p has advantages in normal conditions. In fact, other airlines have to some extent been moving back to the direct flight system over time 3/ — PolitiTweet.org

Paul Krugman @paulkrugman

A lot of the issue was apparently that SW does point-to-point, not hub and spoke. This left planes and especially crews stranded far more than other airlines 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

So, I'm doing some homework on the Southwest disaster — probably more tomorrow. And I hate to say this, but it doesn't look like a simple morality play about greedy capitalists 1/ — PolitiTweet.org

Paul Krugman @paulkrugman

"Whom the gods would destroy, they first put on the cover of Businessweek" Forgot that I had written that line, but proud that I did https://t.co/tm8JnqqV6d — PolitiTweet.org

Paul Krugman @paulkrugman

More and different thoughts about Tesla — written before today's collapse! 7/ https://t.co/uYZJER0cxc — PolitiTweet.org

Paul Krugman @paulkrugman

Apparently, however, Musk didn't get his own memo. Instead he's gone full MAGA, turning off exactly the people who might buy his cars. Stupid? Unable to control his impulses? Probably both 6/ — PolitiTweet.org

Paul Krugman @paulkrugman

So owning a Tesla was, to be crude but I think accurate, a way to say "I'm rich but I'm woke". Lots to criticize and ridicule there, but it was the marketing strategy 5/ — PolitiTweet.org

Paul Krugman @paulkrugman

A Tesla is an expensive luxury car, but zero-emission, and until the other day Elon Musk seemed like a cool guy who does space travel while hanging out with singers and Westworld actresses 4/ — PolitiTweet.org

Paul Krugman @paulkrugman

How I think about it: many people make a statement with the car they drive, maybe more than with any consumer good 3/ — PolitiTweet.org

Paul Krugman @paulkrugman

Here's his original evidence, with further stuff from the inimitable Charles Gaba 2/ https://t.co/worT9sOrUO — PolitiTweet.org

Paul Krugman @paulkrugman

What my friend Invictus is talking about is the fact that Tesla buyers are overwhelmingly in Dem districts, which he documented recently 1/ — PolitiTweet.org

Paul Krugman @paulkrugman

RT @nytopinion: “What’s really striking about the improvement in inflation numbers is that so far, at least, it hasn’t followed the pessimi… — PolitiTweet.org

Paul Krugman @paulkrugman

We all make wrong predictions. But some of us try to face up to errors and learn from them ... 4/ — PolitiTweet.org

Paul Krugman @paulkrugman

And let's not forget about diesel fuel being exhausted by Thanksgiving week 3/ https://t.co/Y4D13rq9Ol — PolitiTweet.org

Paul Krugman @paulkrugman

Hi gas prices in June were a "catastrophe", and Biden's fault, but apparently no credit for their rapid drop 2/ https://t.co/j0w6PEiEKt — PolitiTweet.org

Paul Krugman @paulkrugman

Excellent column, but there's more: what about Carlson's hyperventilating about fuel supplies? 1/ https://t.co/uStaPFB1eG — PolitiTweet.org

Paul Krugman @paulkrugman

Makes me think of the mail I sometimes get asking "How would you feel if New York was full of immigrants?" (Also, "How would you feel if foreigners were competing for professors' jobs?") — PolitiTweet.org

Paul Krugman @paulkrugman

And one thing the data really don't support is the notion that reducing inflation must require a big rise in unemployment. All of the good news has happened with labor market still strong 3/ https://t.co/rgnHto8h55 — PolitiTweet.org

Paul Krugman @paulkrugman

Now the pessimists are working overtime to explain away the good news. To be fair, always a good idea to be cautious. But recent reports really have been encouraging 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

I'm not going to try picking over the entrails of the latest inflation report. Just noting the role reversal. A year ago inflation optimists kept trying to explain away the bad news ... 1/ — PolitiTweet.org

Paul Krugman @paulkrugman

So Ukraine must lose, and Russia win, to vindicate the worship of thuggishness 6/ — PolitiTweet.org