Paul Krugman

Paul Krugman @paulkrugman

Vast majority of Rs believe that the booming economy is getting *worse* 5/ https://t.co/awKwMXqKF1 — PolitiTweet.org

Paul Krugman @paulkrugman

And relevance of technology to political nightmare is uncertain. GOP perceptions of economy seem to follow politics, not vice versa 4/ https://t.co/mqjgEuYaDH — PolitiTweet.org

Paul Krugman @paulkrugman

But the idea that rapid technological change is displacing workers in general (faster than in the past) is much more problematic. Productivity growth has been unusually low, not high 3/ — PolitiTweet.org

Paul Krugman @paulkrugman

First, Edsall seems to conflate the regional disparity issue with the technological unemployment issue. They're somewhat distinct, and the state of the evidence is very different. Many parts of the US are clearly being left behind 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

A characteristically wide-ranging and erudite Edsall column about technology and discontent. But I have a few quibbles/questions 1/ https://t.co/ZLrR5wdCKb — PolitiTweet.org

Paul Krugman @paulkrugman

"Unlikely to go to war." Wow — PolitiTweet.org

Paul Krugman @paulkrugman

So, don't panic. Yes, we might see overheating, and might need to tighten monetary policy down the road (even if Janet Yellen got in trouble for saying the totally obvious.) But we really shouldn't get worked up about lumber prices etc 3/ — PolitiTweet.org

Paul Krugman @paulkrugman

A better model might be 2008, when the Fed obsessed over inflation even as the financial crisis deepened 2/ https://t.co/coxIrByaO3 — PolitiTweet.org

Paul Krugman @paulkrugman

Pundits are panicking over popping prices. This was entirely predictable — and predicted: as the economy surged, bottlenecks and price blips were inevitable 1/ https://t.co/yCx1PrXYwX — PolitiTweet.org

Paul Krugman @paulkrugman

President Biden meets former President Carter https://t.co/ke98tKPJc0 — PolitiTweet.org

Paul Krugman @paulkrugman

"If it should happen to rain, we have umbrellas," says treasury secretary. Panicked pundits say she's predicting a hurricane. — PolitiTweet.org

Paul Krugman @paulkrugman

Interesting q and paper — which I almost missed. My narrative of classical trade regime -> "new trade" regime was, I realize, informed by the UK experience. May not apply more broadly (and is it right for UK?) — PolitiTweet.org

Paul Krugman @paulkrugman

RT @rortybomb: A nice thing about the disaster of the Great Recession's "recovery" is that the liberal experts who went through it remember… — PolitiTweet.org

Paul Krugman @paulkrugman

You might think that dropping the topic would require either giving Biden credit for resolving the "crisis" or a mea culpa over hyping the issue. But no; in fact, Fox viewers will be left with a vague sense that something terrible happened bc of weak Dems 3/ — PolitiTweet.org

Paul Krugman @paulkrugman

Remember the crisis at the border? That was so last month 2/ https://t.co/jwWKysnwbo https://t.co/mCXwo4Wf1O — PolitiTweet.org

Paul Krugman @paulkrugman

Nothing gets me as much hate mail as saying that the "crises" peddled by the right are largely imaginary; no, BLM mobs haven't sacked our major cities. But you can really see what's going on when the noise machine decides to move on 1/ — PolitiTweet.org

Paul Krugman @paulkrugman

Actually there's a lot of doublethink like that on the GOP side. For example, we're supposed to give Trump all the credit for vaccine availability, and also not take vaccines bc Democrats are sinister https://t.co/As1cb2xDHo — PolitiTweet.org

Paul Krugman @paulkrugman

[GOP] logic seems to be that providing child care is bad because it’s a liberal plot to force mothers to leave home and take jobs, but giving families unconditional aid is also bad because it would allow mothers to stay home rather than getting a job. https://t.co/jUQHnPKgqR — PolitiTweet.org

Paul Krugman @paulkrugman

Maybe this time will be different. But we'll need some real evidence. Rising lumber prices etc are more or less irrelevant to the important question; and central banks that have reacted to inflation blips have been uniformly sorry in the past 4/ — PolitiTweet.org

Paul Krugman @paulkrugman

Everything, and I mean everything, we've seen in the past few decades says that such blips needn't translate into sustained inflation 3/ https://t.co/YCKCz0Aves — PolitiTweet.org

Paul Krugman @paulkrugman

Not saying that inflation couldn't be a problem. But the data we're getting now are all about "bottleneck" price rises as the economy surges after a shutdown — which is exactly the kind of inflation you expect to be transitory 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

OK, I'm hearing stuff like this from a number of economists, and I don't get it 1/ https://t.co/aYqQsaCdRU — PolitiTweet.org

Paul Krugman @paulkrugman

So, Star Wars day. I saw the original film on opening night in 1977, but didn't know about the cult that was already developing — theater lobby full of people wearing "May the force be with you" buttons, and I had no idea why — PolitiTweet.org

Paul Krugman @paulkrugman

via @NYTOpinion https://t.co/eCcBvJcbmG — PolitiTweet.org

Paul Krugman @paulkrugman

Yes! This isn't a hard problem anymore, at least not technically or economically. It's all about the politics at this point. — PolitiTweet.org

Paul Krugman @paulkrugman

RT @JustinWolfers: Looking through some old files I just stumbled across the tenure review I wrote a few years back for... Paul Krugman. B… — PolitiTweet.org

Paul Krugman @paulkrugman

The real-world importance of this observation is that there's a lot of income way up there at the top. Which is why effectively taxing that income matters 3/ — PolitiTweet.org

Paul Krugman @paulkrugman

Roughly, the bottom 95% of incomes seem to fit a lognormal distribution pretty well. But the upper tail is much, much fatter than that would suggest; far more weight on extremely high incomes, fitting Pareto very well 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

Nerd interest only: I got some comments from hard-science types about my log-log plot in Friday's newsletter illustrating the Pareto aspect of top income; they claimed that any distribution would look like that. But bottom 95% of inc dist doesn't: 1/ https://t.co/hfg1w4M3ZT — PolitiTweet.org

Paul Krugman @paulkrugman

I keep seeing assertions that Biden is governing far to the left of where he campaigned. But has anyone looked back at the Democratic platform? Everything happening now was promised last year https://t.co/3dLbikQU9L https://t.co/u54p3gzAv6 — PolitiTweet.org