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Paul Krugman @paulkrugman

Long decline — driving has gotten a lot safer over the long run — but a sudden worsening during the pandemic, albeit one that still left the roads a lot safer than they were in 1990. Remind you of anything? 4/ — PolitiTweet.org

Posted July 24, 2021
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Paul Krugman @paulkrugman

Quick and dirty time series (mixing and matching sources, so data imperfect, but I think the overall picture is right): 3/ https://t.co/jmPDosZqbE — PolitiTweet.org

Posted July 24, 2021
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Paul Krugman @paulkrugman

Being a nerd, I did some research: driving really did get worse during the pandemic, with fatalities rising even though miles drive were down 2/https://t.co/5qOAC5I3E0 — PolitiTweet.org

Posted July 24, 2021
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Paul Krugman @paulkrugman

For some reason, this morning I'm thinking about ... bad driving. The other day I did around 4 hours of highway driving, and maybe it was just me, but people seemed crazier than usual: everyone either doing 45 in the left lane or swerving between lanes at 85 1/ — PolitiTweet.org

Posted July 24, 2021
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Paul Krugman @paulkrugman

Larry Kudlow: "I have long believed that stock markets are the best barometer of the health, wealth and security of a nation." (in 2007, but still) https://t.co/7bvWnfJiUA — PolitiTweet.org

Posted July 23, 2021
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Paul Krugman @paulkrugman

RT @GregIacurci: States cutting unemployment benefits didn’t get people back to work, @arindube finds in new research examining the early e… — PolitiTweet.org

Posted July 22, 2021 Retweet
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Paul Krugman @paulkrugman

So the R position is that infrastructure must be paid for, but no taxes may be raised, nor can there even be any effort to crack down on tax cheats. Did you really think there was going to be a deal? https://t.co/oFu17VARVj — PolitiTweet.org

Posted July 20, 2021
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Paul Krugman @paulkrugman

For Republicans, being crazy is rational because it signals their loyalty. Unfortunately, this logic is killing people https://t.co/TgYmODyD5U — PolitiTweet.org

Posted July 20, 2021
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Paul Krugman @paulkrugman

RT @nytopinion: "Republicans have created for themselves a political realm in which costly demonstrations of loyalty transcend consideratio… — PolitiTweet.org

Posted July 20, 2021 Retweet
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Paul Krugman @paulkrugman

You really don't want to make too much of daily market movements. But for what it's worth, the story as of now seems to be Larry Summers on his head: plunging stock prices AND plunging bond yields amount to a declaration that stimulus looks inadequate — PolitiTweet.org

Posted July 19, 2021
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Paul Krugman @paulkrugman

It seems clear to me that the less-used measures are telling a more accurate story: used car prices and hotel rates don't belong in core inflation. Markets seem to get that; economic reporting less so 3/ — PolitiTweet.org

Posted July 18, 2021
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Paul Krugman @paulkrugman

Which measure of core inflation should you use? It didn't really matter: they all told the same story — until now. But in the post-pandemic, conventional core is running very hot, while other measures, especially median inflation, not 2/ — PolitiTweet.org

Posted July 18, 2021
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Paul Krugman @paulkrugman

Strengthening your core: The theory of core inflation has been a huge success story: people who understood it avoided the inflation panics of 2008 and early 2011 (remember Paul Ryan accusing Bernanke of "debasing the dollar"?) 1/ https://t.co/8VpjVhzrvJ — PolitiTweet.org

Posted July 18, 2021
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Paul Krugman @paulkrugman

Conservative principles: life, liberty, and tax evasion (but only if you're rich) — PolitiTweet.org

Jeff Stein @JStein_WaPo

Remember that there was a major conservative revolt against giving the IRS more money; now out of the bipartisan de… https://t.co/vooI6NRvkR

Posted July 18, 2021
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Paul Krugman @paulkrugman

This, by Gorton and Zhang, is very good: stablecoins are just a modern version of free banking, in which private banks issued their own notes supposedly backed by specie. That system was crisis-ridden, and the same will be true no https://t.co/KQynhZfgVK — PolitiTweet.org

Posted July 18, 2021
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Paul Krugman @paulkrugman

Wonking about carbon tariffs https://t.co/wNYJQWK3el — PolitiTweet.org

Posted July 16, 2021
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Paul Krugman @paulkrugman

What's amazing is that this is happening to a party that doesn't even control the (federal) government and has limited ability to punish heretics and reward the faithful 6/ — PolitiTweet.org

Posted July 16, 2021
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Paul Krugman @paulkrugman

And as the article says, there's a process of inflation: the craziness gets crazier, the displays more nauseating, as cult members try to outpace their peers 5/ — PolitiTweet.org

Posted July 16, 2021
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Paul Krugman @paulkrugman

Self-humiliation isn't a bug, it's a feature: if you don't say crazy things and destroy your dignity, how can people judge your true loyalty to Mao/Kim/Trump? 4/ — PolitiTweet.org

Posted July 16, 2021
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Paul Krugman @paulkrugman

Here's why cult members say ridiculous things and engage in "nauseating displays of loyalty" 3/ https://t.co/KnR7abJcNx — PolitiTweet.org

Posted July 16, 2021
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Paul Krugman @paulkrugman

It's on "cult production," with examples ranging from ancient Rome to modern Syria, but applies almost perfectly to the current GOP 2/ https://t.co/I8wf0pKnkw — PolitiTweet.org

Posted July 16, 2021
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Paul Krugman @paulkrugman

Henry Farrell sends me to an article that bears very well on what I said here 1/ — PolitiTweet.org

Paul Krugman @paulkrugman

It has struck me for a while that rhetoric on the right sounds increasingly like that of Stalinist purges, or maybe… https://t.co/zZSOI9ULMX

Posted July 16, 2021
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Paul Krugman @paulkrugman

@henryfarrell directs me to a paper that bears quite well on what I wrote the other day about Republican craziness 1/ https://t.co/5hIzwHSJ3Q — PolitiTweet.org

Paul Krugman @paulkrugman

It has struck me for a while that rhetoric on the right sounds increasingly like that of Stalinist purges, or maybe… https://t.co/zZSOI9ULMX

Posted July 16, 2021
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Paul Krugman @paulkrugman

Trivial peeve, but amazing how many correspondents are saying "Hah! You didn't see this inflation surge coming!" when, you know, I actually did https://t.co/138CyWqKuQ — PolitiTweet.org

Posted July 16, 2021
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Paul Krugman @paulkrugman

Republicans are too focused on imaginary satanic conspiracies to mount effective opposition to real Democratic spending plans https://t.co/8LqRY0U5LX — PolitiTweet.org

Posted July 16, 2021
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Paul Krugman @paulkrugman

It's hard to see how this ends short of catastrophic political defeat for the GOP. And that will be a long time coming; America as we know it may not survive that long 7/ — PolitiTweet.org

Posted July 15, 2021
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Paul Krugman @paulkrugman

The scary thing is that these right-wing Red Guards have hijacked a party that wasn't always crazy; lots of Americans will vote R because they don't realize what the party has become. And our system is structurally biased toward that party 6/ — PolitiTweet.org

Posted July 15, 2021
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Paul Krugman @paulkrugman

What makes this dynamic possible, of course, is the abdication of the party's saner elements — without credible threats to discipline the likes of Marjorie Taylor Greene, it end up being a race to the bottom, or actually a race to maximum crazy 5/ — PolitiTweet.org

Posted July 15, 2021
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Paul Krugman @paulkrugman

And to credibly prove your far-right credentials, you have to advocate crazy and harmful things — why, any old RINO could support stuff that might make sense and won't kill people 4/ — PolitiTweet.org

Posted July 15, 2021
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Paul Krugman @paulkrugman

Bernstein says, I think rightly, that it's signaling: like Maoists in the Cultural Revolution, everyone is trying to prove themselves more revolutionary than their rivals 3/ https://t.co/lw4O4bJHDP — PolitiTweet.org

Posted July 15, 2021