Paul Krugman

Paul Krugman @paulkrugman

PS: the fascist octopus is a reference to George Orwell's "Politics and the English language," where he says that nonsense metaphors are a sign that the writer isn't actually thinking 3/ — PolitiTweet.org

Paul Krugman @paulkrugman

I review a book about two 20th-century economists https://t.co/OGSVRzelyL — PolitiTweet.org

Paul Krugman @paulkrugman

So the former president of the United States refuses to speak up in ways that could save thousands of lives, because he wants to make life difficult for his successor. And we treat this as normal politics, not an act of mass manslaughter — PolitiTweet.org

Paul Krugman @paulkrugman

And you know what? That's perfectly OK. With seriously negative real interest rates, we SHOULD be borrowing to invest 2/ https://t.co/5vjnG7TvXR — PolitiTweet.org

Paul Krugman @paulkrugman

Aha. So as expected, the infrastructure pay-fors are mostly smoke and mirrors (and the fascist octopus has sung its swan song) 1/ https://t.co/jTFDMFRLhG — PolitiTweet.org

Paul Krugman @paulkrugman

RT @ashishkjha: Adjusted for population Florida had 12X as many kids infected as Massachusetts last week And Louisiana? About 10X So wha… — PolitiTweet.org

Paul Krugman @paulkrugman

Come for the analysis, stay for the Princess Bride reference https://t.co/ErROEk5sxJ — PolitiTweet.org

Paul Krugman @paulkrugman

Kentucky gets a net inflow of $14K per capita — 20% of GDP 3/ — PolitiTweet.org

Paul Krugman @paulkrugman

As the Rockefeller Institute shows, blue states, especially in the Northeast, de facto provide huge aid to red states 2/ https://t.co/o1Gvy3ooRR — PolitiTweet.org

Paul Krugman @paulkrugman

Greg makes an important point. But the child tax credit will just add to a system of policies conservatives oppose — that hugely benefit red states 1/ https://t.co/BIyRdrfVwk — PolitiTweet.org

Paul Krugman @paulkrugman

So if you put a dollar value on it, DeSantis's anti-mask, anti-Vax policies are costing his state the equivalent of 13% of its GDP. Winning the pandemic! 6/ — PolitiTweet.org

Paul Krugman @paulkrugman

FL's GDP is $1.1 trillion a year, or $3 billion a day 5/ https://t.co/MUe3IcqJsF — PolitiTweet.org

Paul Krugman @paulkrugman

The standard valuation of a human life — based on revealed individual preferences — is $10 million. So FL should have been willing to pay $400 million a day to avoid these deaths 4/ https://t.co/UIEJpNGn79 — PolitiTweet.org

Paul Krugman @paulkrugman

But leaving that aside, a good economy isn't much comfort if you're dead. FL currently losing ~58 people to Covid per day, compared with ~6 in NY. Say the excess death toll is ~40 a day. What's that worth? 3/ — PolitiTweet.org

Paul Krugman @paulkrugman

DeSantis has been touting the FL economy — although how well will that economy hold up as potential visitors realize that the Sunshine state has become extremely dangerous and its hospital system is in overload crisis? 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

I've been doing some number-crunching on Florida, which has become the poster child for red-state Covid disaster; not only does it top the nation in hospitalizations per capita, but it's far bigger than the other disaster states 1/ https://t.co/BETdViqGrR — PolitiTweet.org

Paul Krugman @paulkrugman

RT @DeanBaker13: Saving rate is still above pre-pandemic levels. This is not consistent with the Larry Summers inflation surge story https:… — PolitiTweet.org

Paul Krugman @paulkrugman

The scale of the FL disaster is really amazing. On track to have more hospitalizations than NY at its peak 3/ https://t.co/iQ8DEJyDKV — PolitiTweet.org

Paul Krugman @paulkrugman

Has fawning coverage in Politico become the equivalent in politics? 2? https://t.co/5OIQBFIZ0R — PolitiTweet.org

Paul Krugman @paulkrugman

There's a familiar informal proposition in business analysis called the "magazine cover effect": fawning coverage of a company or its CEO is a leading indicator of disaster (whom the God would destroy, they first put on the cover of BusinessWeek) 1/ https://t.co/wq5jl9JUCu — PolitiTweet.org

Paul Krugman @paulkrugman

RT @kylegriffin1: Texas just passed New York in COVID-19 deaths, despite once trailing by 29,000. https://t.co/OoVtSkCwC0 — PolitiTweet.org

Paul Krugman @paulkrugman

3/ https://t.co/Gq55jmrnTu — PolitiTweet.org

Paul Krugman @paulkrugman

This was already true about deaths of despair, now it's true for Covid 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

As I've been saying, a lot of people just won't give up on the vision of healthy small towns and urban hellholes, no matter what the facts say 1/ — PolitiTweet.org

Paul Krugman @paulkrugman

New York City, with roughly the same population as Israel, has had only 4 deaths a day — PolitiTweet.org

Paul Krugman @paulkrugman

Bears on something I wrote a few months back 3/ https://t.co/T35IvO3ahT https://t.co/KXrb1yJSJb — PolitiTweet.org

Paul Krugman @paulkrugman

Struck by this line from one company 2/ https://t.co/1kWyyzpuNo — PolitiTweet.org

Paul Krugman @paulkrugman

And now for something almost completely different: interesting Bloomberg piece on how companies are finding workarounds for supply-chain issues 1/ https://t.co/RHu9u4qg5R — PolitiTweet.org

Paul Krugman @paulkrugman

Not surprising, given this, that the economic recovery is having some teething problems 4/ — PolitiTweet.org

Paul Krugman @paulkrugman

This time the pandemic clobbered service consumption, and people compensated in part by buying stuff 3/ https://t.co/QJSXsePH80 — PolitiTweet.org