Paul Krugman

Paul Krugman @paulkrugman

In fact, they're sort of "anti-core" inflation: they focus on exactly the stuff that core inflation, which has been a hugely successful concept, strips out 4/ — PolitiTweet.org

Paul Krugman @paulkrugman

One interpretation is that when people answer questions about inflation, they're really telling the survey whether they think the cost of living is currently high. In any case, consumer inflation expectations obviously haven't been a good predictor 3/ — PolitiTweet.org

Paul Krugman @paulkrugman

Chart 2/ https://t.co/NooZbL85Jc — PolitiTweet.org

Paul Krugman @paulkrugman

Thinking some more about this: what do consumer expectations about inflation really tell us? The answer is, they're mainly about the *current* price of oil 1/ https://t.co/C95uYEjM7v — PolitiTweet.org

Paul Krugman @paulkrugman

The scary thing is that millions, maybe tens of millions of Americans will choose not to believe their lying eyes. Orwell had nothing on this 4/ — PolitiTweet.org

Paul Krugman @paulkrugman

But to assert that DC was a ghost town last night, when anyone there can tell you it wasn't is a whole additional level of denial. Same for assertions that BLM demonstrators pillaged Manhattan, etc. Who you gonna believe, Tucker Carlson or your lying eyes? 3/ — PolitiTweet.org

Paul Krugman @paulkrugman

It's one thing to, say, reject data and refuse to believe experts on climate change; it's another to believe in conspiracy theories. In both cases, however, you aren't denying the clear experience of millions of people 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

We need a name for this kind of thing, which is a new stage in right-wing denial of facts. Maybe "lying eyes," as in "Who you gonna believe?" 1/ https://t.co/hbsTYdjslo — PolitiTweet.org

Paul Krugman @paulkrugman

RT @henryfarrell: Blogging really reshaped the network of relationships among left-liberals, partly because there were so few mainstream pl… — PolitiTweet.org

Paul Krugman @paulkrugman

RT @ThePlumLineGS: "Unlike Republicans, Democrats are members of a normal political party — basically a mildly center-left party that looks… — PolitiTweet.org

Paul Krugman @paulkrugman

Greg has a good point, adding to my column: "The coronavirus crisis has stripped bare realities about our economy that for too many people had long remained out of sight." https://t.co/E1eUDqKQ4o — PolitiTweet.org

Paul Krugman @paulkrugman

What happened was a spike in commodity prices that consumers noted and inflation derpers seized on. Consumer inflation expectations often reflect oil — PolitiTweet.org

Paul Krugman @paulkrugman

This is a big deal — maybe even a Green New Deal https://t.co/XdOOZf7XNs — PolitiTweet.org

Paul Krugman @paulkrugman

Doing popular things and ignoring Wall Street gets public support. Who knew? https://t.co/Psf0s1ALvK — PolitiTweet.org

Paul Krugman @paulkrugman

When a center-left party embraces its center-leftiness https://t.co/pSAZm9dRrD — PolitiTweet.org

Paul Krugman @paulkrugman

Sad to say, only the T-shirt — I've ordered two — is in FRED blue. — PolitiTweet.org

Paul Krugman @paulkrugman

One further point, though: I suspect that Obama's eloquence actually hurt him, because it enraged Republicans. Biden isn't just an old white guy, which helps; he also comes across as a regular guy, which helps some more 3/ — PolitiTweet.org

Paul Krugman @paulkrugman

I mean, he gave speeches! Probably used sarcasm, too 2/ https://t.co/ri1sVbbqMc — PolitiTweet.org

Paul Krugman @paulkrugman

Although it's familiar, it's still amazing how much Republican posturing involves saying "Mommy, those Democrats are being mean to me!" 1/ https://t.co/fKok5WCPdV https://t.co/jVYAyOSbom — PolitiTweet.org

Paul Krugman @paulkrugman

In a world of long supply chains, supplies of critical goods can be dangerously subject to disruption https://t.co/kSwPd74VYG — PolitiTweet.org

Paul Krugman @paulkrugman

I don't know how much it matters. But somehow we've reached a point where conservative economists would do anything for the GOP, but they won't do that 5/ — PolitiTweet.org

Paul Krugman @paulkrugman

But these days the closest thing to an economists' critique of Biden is coming from ... Larry Summers. Are GOP economists unwilling to support the party of insurrection? Are they embarrassed about the inflation and investment boom that never came? 4/ — PolitiTweet.org

Paul Krugman @paulkrugman

They could find economists to make outlandish claims on behalf of Trump's economics 3/ https://t.co/IrTSemyYg6 — PolitiTweet.org

Paul Krugman @paulkrugman

Under Obama, the GOP could always round up the usual suspects to attack any effort to help the economy recover 2/ https://t.co/1jZBEd2Iso — PolitiTweet.org

Paul Krugman @paulkrugman

There have been many reports in recent days about the floundering Republican attempts to make a case against Bidenomics. One thing I haven't seen much about, however, is the silence of the party's intelligentsia 1/ https://t.co/Qu4rCMw9HD — PolitiTweet.org

Paul Krugman @paulkrugman

And urban economics is at the heart of our effort to understand how Covid may have changed the world. 3/ — PolitiTweet.org

Paul Krugman @paulkrugman

There were reasons for that neglect: cities fit awkwardly into the competitive/efficient markets framework that long dominated econ. But they're such a crucial aspect of the world that they demand attention 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

This is interesting: a sort of rolling blog discussion of the role of urban economics within the discipline. The strange neglect of cities is a favorite topic of mine (and yes, I make some appearances in the discussion) 1/ https://t.co/OQFwsud6mV — PolitiTweet.org

Paul Krugman @paulkrugman

"Beowulf caucus" — raising a shield-wall against demographic change — is a keeper. I raise my tankard of mead in appreciation — PolitiTweet.org

Paul Krugman @paulkrugman

Bad. On other things Biden has been standing tall and also standing for decency. Not here — PolitiTweet.org