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Paul Krugman @paulkrugman
Biden's economists claim that their family policies would increase labor supply, which is reasonable 4/ https://t.co/RvSdO47M3Y — PolitiTweet.org
Paul Krugman @paulkrugman
One way to measure these effects is to look at growth between business cycle peaks. So, how did the economy fare between 1973 and 1979, amid oil shocks etc? 2.92% growth. How did it fare between 1979 and 1989, after Reagan's miraculous tax cuts? 3.05% growth 3/ — PolitiTweet.org
Paul Krugman @paulkrugman
No bombastic boasts about incredible economic growth — because the Bidenites aren't that kind of people, and history has been unkind to such boasts. Policy can cure or cause recessions, but long-run growth is hard to change 2/ — PolitiTweet.org
Paul Krugman @paulkrugman
So Biden has proposed a Serenity Prayer budget: "God, grant me the serenity to accept the things I cannot change, courage to change the things I can, and wisdom to know the difference." 1/ https://t.co/J0Fu7bKFIE — PolitiTweet.org
Paul Krugman @paulkrugman
Will the dollar be dethroned? Who cares? https://t.co/SZuDE1OOgu — PolitiTweet.org
Paul Krugman @paulkrugman
Something I’ve noticed: a significant # of ppl who believe that disappointing growth payoff to the internet is a statistical illusion AND that official #s greatly understate inflation. And don’t see the contradiction — PolitiTweet.org
Paul Krugman @paulkrugman
You know you’re a total nerd when ... (I’m excited too) — PolitiTweet.org
Jason Furman @jasonfurman
Too exciting that Treasury finally is producing an Excel version of the Green Book tables. https://t.co/8rJ41KMVnY
Paul Krugman @paulkrugman
RT @BobGreensteinDC: Having followed Presidents’ budgets for >40 years, I think it’s fair to say that while I might modify some things in t… — PolitiTweet.org
Paul Krugman @paulkrugman
Disappointing. I thought the era of cheesy acronyms was over ... — PolitiTweet.org
Richard Rubin @RichardRubinDC
oh wait wait the bill name is a classic. "The Choosing Healthy Investments and not Lunch Deductions (CHILD) Care Act"
Paul Krugman @paulkrugman
Forgot link 3/ https://t.co/vYFu3gkjue. — PolitiTweet.org
Paul Krugman @paulkrugman
Overheating later this year or next year is another issue. But the short-term data really don't support inflation scare stories 2/ — PolitiTweet.org
Paul Krugman @paulkrugman
Because of spot shortages outside food and energy, traditional core inflation not a good guide. Median inflation probably much better — and it looks OK 1/ https://t.co/2oyqKY549k — PolitiTweet.org
Paul Krugman @paulkrugman
RT @nytopinion: . @PaulKrugman responded to readers commenting on his column "The Economy Is Spinning Its Wheels, and About to Take Off." R… — PolitiTweet.org
Paul Krugman @paulkrugman
Many people drawing analogies with Korean War boom/inflation. Fwiw, CBO estimates huge output gap: >4% of potential GDP. Big inflation surge — but entirely transitory https://t.co/M6VqZ1nzqi — PolitiTweet.org
Paul Krugman @paulkrugman
Wealthy corporate chieftain opposes taxes on wealthy and corporations. Shocking https://t.co/csNS4zbHfX — PolitiTweet.org
Paul Krugman @paulkrugman
Who says crypto isn't a job-creator? https://t.co/Bwy1jZLi2L — PolitiTweet.org
Paul Krugman @paulkrugman
RT @nytopinion: "Chill out," @paulkrugman writes. "The virus is losing, and the economy is winning." https://t.co/YmjCCRAauY — PolitiTweet.org
Paul Krugman @paulkrugman
A few lurches are normal when the economy takes off from a standing start https://t.co/gxyGOido28 — PolitiTweet.org
Paul Krugman @paulkrugman
OK boomer. Oh, wait: Jason is only 50. — PolitiTweet.org
Jeff Stein @JStein_WaPo
.@jasonfurman: “I wish we had smothered this a decade ago before it grew into a $2T monster .. Digital currencies a… https://t.co/Pr1xRGmaG3
Paul Krugman @paulkrugman
RT @johnauthers: It turns out, one of Paul Krugman's most-infamous predictions wasn't half bad, says @TheStalwart. The internet had no more… — PolitiTweet.org
Paul Krugman @paulkrugman
#1 is clearly false. #2 is probably true. But LHS seems to elide them; if you press him he makes point #2, but people reading his public pronouncements think he's saying #1. And when that sort of thing happens, it's not the readers' fault 2/ — PolitiTweet.org
Paul Krugman @paulkrugman
As I read it, there are two propositions being suggested. 1. The Fed can't rein in an overheating economy without causing a recession 2. The Fed can't rein in the economy without a recession if it waits until inflation is embedded in expectations and contracts 1/ — PolitiTweet.org
Dean Baker @DeanBaker13
Larry Summers is worried about inflation again https://t.co/i49VqK9hvo
Paul Krugman @paulkrugman
If rage destroys America as we know it, cowardice will be the crucial enabler https://t.co/Rzn5BxEJRA — PolitiTweet.org
Paul Krugman @paulkrugman
NBER yellowjackets were the intellectual medium of exchange in multiple subfields. Elitist in that only NBER associates could put them out. But that was a fairly large group, and arguably more open than the old journal system. — PolitiTweet.org
Adam Tooze @adam_tooze
@paulkrugman Series of working papers were the key, were they not. One read things that appeared in certain key series.
Paul Krugman @paulkrugman
What they're actually singing: "If we can make it here, we can make it anywhere." https://t.co/kuBE0wjMXG — PolitiTweet.org
Paul Krugman @paulkrugman
And how anyone can look at the current arguments over fiscal policy, or minimum wages, or unemployment benefits and say that economists have become too cautious and polite baffles me. 8/ — PolitiTweet.org
Paul Krugman @paulkrugman
Traditional peer review has fallen on hard times. But the quick back and forth among people who know their field serves a similar purpose, and maybe better. Think of the 2010-13 debate over fiscal policy; I'd stack that against any great econ debates of the past 7/ — PolitiTweet.org
Paul Krugman @paulkrugman
In particular, a lot of econ Twitter is summaries of and links to working papers. So it isn't actually casual and sloppy; more like abstracts for serious work. And the work is indeed serious, with tough questions and debate, informed by data, taking place in real time 6/ — PolitiTweet.org
Paul Krugman @paulkrugman
Econoblogging in its heyday was also an effective system for disseminating ideas; it has been largely crowded out by Twitter, which is unfortunate, but many have found workarounds 5/ — PolitiTweet.org
Paul Krugman @paulkrugman
Even pre-internet communication mainly took place via working papers, which had completely taken over all the fields I worked in by the 1980s. No peer review, and obvious privileging of people with known names and connections, but still an effective dissemination system 4/ — PolitiTweet.org
