Paul Krugman

Paul Krugman @paulkrugman

Corporate tax avoidance causes large revenue losses, and distorts our vision of the global economy — 40% of reported cross-border corporate investment is "phantom," just accounting tricks to avoid taxes 2/ https://t.co/T2xWehslSH — PolitiTweet.org

Paul Krugman @paulkrugman

This really is a big deal, with the usual caveats that a lot has to be done before it becomes reality 1/ https://t.co/hiV44oiiK2 — PolitiTweet.org

Paul Krugman @paulkrugman

Recovery bottlenecks, live music edition: (I'm a 68-year-old wannabe hipster who discovered indie music very late in life). Bands are touring again. And so far every concert I've tried to buy tickets for was sold out before I heard about it. — PolitiTweet.org

Paul Krugman @paulkrugman

No, no, no: you’re supposed to say this is a concrete example of effective antitrust — PolitiTweet.org

Paul Krugman @paulkrugman

Opinion | Krugman Wonks Out: Do Hiring Headaches Imply a Labor Shortage? - The New York Times https://t.co/350BujO9bC — PolitiTweet.org

Paul Krugman @paulkrugman

OT: I read a lot of history. How is it that I had no sense of the scale of Leipzig 1813? It makes Waterloo look trivial https://t.co/Arvwo00WSi — PolitiTweet.org

Paul Krugman @paulkrugman

RT @nytopinion: . @PaulKrugman responded to readers commenting on his column "Can the Rich Pay for a Better America?" Read their exchanges… — PolitiTweet.org

Paul Krugman @paulkrugman

Basically the same as my take, which will be expanded on later today in my newsletter — PolitiTweet.org

Paul Krugman @paulkrugman

The headline numbers — raising corporate tax rate and top personal rate — are only about a quarter of the proposed revenue increases. Closing loopholes and cracking down on evasion are more important https://t.co/EMFytqlZle — PolitiTweet.org

Paul Krugman @paulkrugman

So basically calm down . Still looking like a fast recovery 4/ — PolitiTweet.org

Paul Krugman @paulkrugman

I don't know what model (either in the sense of a set of equations or an applicable historical example) would tell us whether 0.5 m, 1 m, or 1.5 m makes sense as a pandemic lifts. Lots of extrapolation from noisy data; not a good idea 3/ — PolitiTweet.org

Paul Krugman @paulkrugman

Mainly, I think, they tell us that we don't know much about how fast an economy can recover from a pandemic-induced slump. There were good reasons to expect a V-shaped recovery — and that is what we're seeing. But ... 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

I guess I'm supposed to have some smart take on the jobs numbers, which were very good by ordinary standards but aren't giving the million-a-month some were expecting. What do they tell us? 1/ — PolitiTweet.org

Paul Krugman @paulkrugman

RT @nytopinion: "Is trying to 'build back better' by taxing only the very affluent feasible? Is it wise? Could it be done more effectively?… — PolitiTweet.org

Paul Krugman @paulkrugman

This is really interesting — how Just In Time set the stage for the supply-chain mess https://t.co/WR0FRTGRa5 — PolitiTweet.org

Paul Krugman @paulkrugman

Maybe the most important thing about Biden's budget isn't the dollars it delivers but the dogma it dismisses https://t.co/fqMDYvYqdy — PolitiTweet.org

Paul Krugman @paulkrugman

The American left asks why we can't be like Denmark, with universal health care, low child poverty, and high life satisfaction. The American right asks why we can't have a murderously repressive regime like Putin's Russia, or now Myanmar. OK. — PolitiTweet.org

Paul Krugman @paulkrugman

Ok, now these supply bottlenecks are getting serious. Several of Holmes’s favorite flavors are out of stock https://t.co/VVQxYqVZxQ — PolitiTweet.org

Paul Krugman @paulkrugman

Basically, you miss the real debate if you frame this as a replay of 2009. Not many academics saying what I was saying (correctly) then — that the plan was way underpowered. This time it's about whether going bigger than we probably need in macro terms is an acceptable risk 4/ — PolitiTweet.org

Paul Krugman @paulkrugman

Apocalyptic view that we're headed back to stagflation a distinct minority view, though not a crank position. And concern that the Fed might not tap on the brakes soon enough a common worry — again, one that I share! 3/ — PolitiTweet.org

Paul Krugman @paulkrugman

Whether it's so much bigger than needed *as stimulus* that it will cause major problems less of a consensus, though by no means an outlier position 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

"too large" may be a problematic way to put it. Pretty much overwhelming consensus that it's bigger than needed to close the output gap. I share that view! But it had other goals 1/ — PolitiTweet.org

Paul Krugman @paulkrugman

Not a big deal. But really, everything we've seen so far is pretty much in line with a benign scenario — not saying that things can't go wrong, but they haven't so far 5/ — PolitiTweet.org

Paul Krugman @paulkrugman

And a specific warning that traditional core inflation would be misleading 4/ https://t.co/138CyWqKuQ — PolitiTweet.org

Paul Krugman @paulkrugman

Here's one from March 3/ https://t.co/yCx1PrXYwX — PolitiTweet.org

Paul Krugman @paulkrugman

And immediately you get accused of making ex-post excuses, even though we were warning months ago about the likelihood of transitory price blips 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

One of the minor annoyances of frequent punditry is how often you're falsely accused of moving the goalposts. Right now, some of us are cautioning not to read much if anything into inflation numbers 1/ https://t.co/IoSOnU1cyy — PolitiTweet.org

Paul Krugman @paulkrugman

RT @nytopinion: “Every once in a while I see news articles asserting that the special role of the dollar gives America the unique ability t… — PolitiTweet.org

Paul Krugman @paulkrugman

Crucial thing to remember as conservatives claim massive negative effects from tax hikes is that their predictions about taxes and growth have never been right. Not at the national level, not at the state level. Not once 6/ — PolitiTweet.org

Paul Krugman @paulkrugman

But even there the main thing is helping families — changing the things you can — not creating an implausible surge in GDP 5/ — PolitiTweet.org