Paul Krugman

Paul Krugman @paulkrugman

Where we are now is that what looks like rapid economic recovery will run into bottlenecks that cause some prices to rise quickly — and temporarily. That is, it won't represent a rise in underlying inflation, it will just be a blip 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

So, will this be Inflation Freakout Week? Maybe, or maybe it will wait a month or two. But soon we'll be seeing some big headline price rises — and it will be important to put them in context. Even if you're worried about a long hot Summers of overheating, this won't be it 1/ — PolitiTweet.org

Paul Krugman @paulkrugman

Almost hoping the Biden people will embrace at least one major bad idea, just so I can be properly critical 4/ — PolitiTweet.org

Paul Krugman @paulkrugman

Huge contrast with the early Obama years, when I was shouting into the wind about the underpowered stimulus and the foolishness of bipartisan fantasies 3/ — PolitiTweet.org

Paul Krugman @paulkrugman

I've been banging the drum for a while on things like describing short-term spending as disaster relief, not stimulus, making climate policy about job creation not just a carbon price, giving a lot of weight to political salability; spooky to see it all here 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

This interview with Brian Deese is excellent, but I find it quite disturbing. Why? Because I've looked for major ways in which I disagree with Deese, and I can't find any 1/ https://t.co/g8onzVie18? — PolitiTweet.org

Paul Krugman @paulkrugman

RT @econjared46: ...which is quite readably laid out in this new US Treasury Report https://t.co/gxWeWEtAYp Or, @paulkrugman unpacks the po… — PolitiTweet.org

Paul Krugman @paulkrugman

OK, folks, this is an experiment: a second sending of my newsletter, this time devoted to wonkish stuff, and also available onsite to serve as de facto blog posts. Hoping to make it more distinct from the column, but we'll see https://t.co/k8P8GsElta — PolitiTweet.org

Paul Krugman @paulkrugman

RT @nytopinion: . @PaulKrugman responded to readers commenting on his column "Biden, Yellen and the War on Leprechauns." Read their exchang… — PolitiTweet.org

Paul Krugman @paulkrugman

Indeed. Happy Appomattox Day. — PolitiTweet.org

Paul Krugman @paulkrugman

The Trump tax cut was based on the premise that the leprechauns — fake investments and operations abroad — were real. The Biden team knows better 3/ — PolitiTweet.org

Paul Krugman @paulkrugman

From the administration's tax plan report: much of what looks like large investment overseas is just accounting tricks to make profits appear in tax havens 2/ https://t.co/Q54q4s8RWq https://t.co/cv9SavIygS — PolitiTweet.org

Paul Krugman @paulkrugman

U.S. corporations haven’t been moving jobs overseas to avoid taxes; they've just been avoiding taxes. 1/ https://t.co/OVgTESxcJW — PolitiTweet.org

Paul Krugman @paulkrugman

RT @nytopinion: "More than half of the profits U.S. corporations report from overseas investments come from tiny tax havens, including plac… — PolitiTweet.org

Paul Krugman @paulkrugman

I guess I don't want people to think that the failure of a debt crisis to materialize somehow reflects badly on economics; on the contrary, those of us who stuck to our models got this right when the Very Serious People got it wrong 3/ — PolitiTweet.org

Paul Krugman @paulkrugman

My experience during the Obama years was the same as that Simon Wren-Lewis had in Britain: it was economists arguing *against* austerity, but being shouted down by the "City folk" 2/ https://t.co/siVUEoTdXZ — PolitiTweet.org

Paul Krugman @paulkrugman

Fair enough, and I was excessively snarky. But a pet peeve of mine is that the debt alarmist/austerity orthodoxy did NOT come from economic analysis. It was more of a Wall Street gut feeling. What's striking now is more the absence of that influence 1/ — PolitiTweet.org

Paul Krugman @paulkrugman

Remember, debt panic and demands for austerity weren't coming from economists; they certainly weren't grounded in economic models 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

Mostly this seems right, but "not listening to Larry Summers" is not the same as "not listening to economists." The really big difference with Biden is the reduced influence of Wall Street and the Very Serious People 1/ https://t.co/dPy0UAXWfd — PolitiTweet.org

Paul Krugman @paulkrugman

RT @BCAppelbaum: 2020: Will democracy survive? 2021: What, exactly, is the definition of infrastructure? This is what progress looks lik… — PolitiTweet.org

Paul Krugman @paulkrugman

That's Stein's Law: If something can't go on forever, it will stop. — PolitiTweet.org

Paul Krugman @paulkrugman

There may be subtle funding advantages from $'s role, and we do get seignorage from all those $100 bills held abroad for dubious purposes. But it's trivial stuff from a macro perspective 4/ — PolitiTweet.org

Paul Krugman @paulkrugman

Here are current account balances as % of GDP for US, UK, Australia 3/ https://t.co/i8PfRlZzSL — PolitiTweet.org

Paul Krugman @paulkrugman

I still see constant assertions that the US has a unique ability to run persistent trade deficits bc of $'s role. Except many other countries do the same 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

That's a pet peeve of mine. Everyone knows that the $'s reserve status changes everything — everyone except people who've actually looked into the issue carefully 1/ — PolitiTweet.org

Paul Krugman @paulkrugman

RT @markpoloncarz: Excellent piece by @paulkrugman on why investing in "infrastructure" shouldn't be just about roads, bridges, and buildin… — PolitiTweet.org

Paul Krugman @paulkrugman

RT @GC_CUNY: Wed, 4/14 @ 7:30! "Is Globalization Over?" A panel feat. @ChadBown @SoumayaKeynes @paulkrugman & Marc Levinson addresses the n… — PolitiTweet.org

Paul Krugman @paulkrugman

RT @Intrgenpolitics: NEW: @paulkrugman talks about Zombies. Not sci-fi Zombies, but nonsense Zombie ideas that he describes in his book, "A… — PolitiTweet.org

Paul Krugman @paulkrugman

My favorite line in that article: "The problem with moving to Florida is that you have to live in Florida" — PolitiTweet.org

Paul Krugman @paulkrugman

McConnell has many facets, but I didn't know until now that he was a master of satire — PolitiTweet.org