Paul Krugman

Paul Krugman @paulkrugman

How it started 1/ https://t.co/8gfkzQagoO — PolitiTweet.org

Paul Krugman @paulkrugman

The European vaccine-rollout debacle is epic — may even be worse than the euro debacle. Something has gone very wrong with the European project https://t.co/whbyznKMB3 — PolitiTweet.org

Paul Krugman @paulkrugman

Gah — forgot the link https://t.co/MlhlcfoY5a — PolitiTweet.org

Paul Krugman @paulkrugman

The best bet is that life and work in, say, 2023 will look a lot like life and work in 2019, but a bit less so. https://t.co/I8Yv7ltL2D — PolitiTweet.org

Paul Krugman @paulkrugman

I argued with zombies on NH public radio https://t.co/e2EfVs59KL — PolitiTweet.org

Paul Krugman @paulkrugman

Nice reminder by Bruce Bartlett of all the Republicans who warned about runaway inflation under Obama. — PolitiTweet.org

Paul Krugman @paulkrugman

Of course all this could be wrong — in either direction. But private forecasters are basically saying that Bidenomics year 1 will look very good. Whether that can be used to build a constituency for longer-term investment remains to be seen 4/ — PolitiTweet.org

Paul Krugman @paulkrugman

And with most of the stimulus behind us, slower growth in 2022 and after. Other forecasts have smaller output gap but also slower growth, so again no major overheating. The overall picture looks like this Brookings chart 3/ https://t.co/tZdY4wBEKS — PolitiTweet.org

Paul Krugman @paulkrugman

This may look like a prediction of inflationary overheating, but actually not so much. GS believes we have a 6% output gap, with potential growing ~2% a year. So 8 percent growth only brings us roughly back to capacity by end 2021 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

Private-sector economic forecasters — who are, in practice, very Keynesian — are incredibly optimistic. GS is predicting full Morning in America growth 1/ https://t.co/UcB2Gw6l2S — PolitiTweet.org

Paul Krugman @paulkrugman

RT @FareedZakaria: On GPS, @ 10am & 1pm ET Sunday on @CNN: Now that Pres. Biden has signed a $1.9 trillion stimulus bill into law, what wil… — PolitiTweet.org

Paul Krugman @paulkrugman

Still kind of rubbing my eyes over how fast the vaccinations are now going. https://t.co/9n9D4J7WfL — PolitiTweet.org

Paul Krugman @paulkrugman

Memo to media doing economic stories: never make a quantitative assertion without checking FRED https://t.co/fH1zzsqhek. In many cases one or two clicks will save you from major embarrassment. — PolitiTweet.org

Paul Krugman @paulkrugman

RT @rortybomb: Krugman does nail this right here. The new child allowance ends the 'end of welfare as we knew it' but without going back to… — PolitiTweet.org

Paul Krugman @paulkrugman

Lots of talk about rising interest rates, understandably if you're focused on short-term market movements. But step back a bit: the 10-year real rate is -.6%, compared with ~0 on the eve of the pandemic — despite massive fiscal stimulus — PolitiTweet.org

Paul Krugman @paulkrugman

Coming up https://t.co/Dhuxe5gR25 — PolitiTweet.org

Paul Krugman @paulkrugman

So you can save time in your newsreading. If you want to know GOP reactions to whatever happens over the next 4 years: if it's bad, it's Biden's fault, if it's good, Trump gets the credit 7/ — PolitiTweet.org

Paul Krugman @paulkrugman

You can already see this in microcosm, with Trumpists, whose plan for vaccinations was to dump the problem on the states, now trying to claim credit for Biden's impressive rollout 6/ https://t.co/mDOzwQV17D — PolitiTweet.org

Paul Krugman @paulkrugman

When he presided over a boom instead, the same people insisted that all the credit belonged to ... Reagan, who cut taxes many years earlier 5/ https://t.co/zQ0BPjmc5F — PolitiTweet.org

Paul Krugman @paulkrugman

There were universal declarations on the right that Bill Clinton would be an economic disaster 4/ https://t.co/WkXDqy1NBE — PolitiTweet.org

Paul Krugman @paulkrugman

This comes after predictions of disaster from the Trumpists. (Yes, I made a bad call when Trump won in 2016; I retracted it and apologized three days later). So what will they do? We already know the answer: they'll do what they did in the 1990s 3/ — PolitiTweet.org

Paul Krugman @paulkrugman

Surveys of forecasters are very upbeat after the passage of the American Rescue Plan 2/ https://t.co/vV9G5rUihQ — PolitiTweet.org

Paul Krugman @paulkrugman

There's a real Morning in America vibe among economic observers right now 1/ https://t.co/R8GyOlK2F7 — PolitiTweet.org

Paul Krugman @paulkrugman

RT @imillhiser: Today in the alternative universe where Republicans won at least one of the Georgia senate seats, McConnell just offered to… — PolitiTweet.org

Paul Krugman @paulkrugman

RT @nytopinion: . @PaulKrugman responded to readers commenting on his column "Ending the End of Welfare as We Knew It." Join the conversati… — PolitiTweet.org

Paul Krugman @paulkrugman

I'm not saying that we should sugar-coat things, pretending that policies are better than they are. But if you really want to make a positive difference, you should accept imperfect policies that make other good things politically possible. 7/ — PolitiTweet.org

Paul Krugman @paulkrugman

So even if you think that what we REALLY need is massive infrastructure investment, you have to be willfully blind not to realize that those stimulus checks were and are an integral part of making such investment possible 6/ — PolitiTweet.org

Paul Krugman @paulkrugman

But it's also immensely popular. Indeed, without the promise of those checks Dems wouldn't have taken the Senate seats in GA, and their whole agenda would be dead in the water. And it would be politically catastrophic to renege on that promise 5/ — PolitiTweet.org

Paul Krugman @paulkrugman

Case in point: sending $1400 checks to most Americans. There is an economic case for that policy — it refreshes some of the population other policies can't reach — but it's clearly inefficient both as aid and as stimulus 4/ — PolitiTweet.org

Paul Krugman @paulkrugman

In fact it's not sustainable even if good policy is all you care about, because we have so much polarization and so many political figures acting in bad faith that it's irresponsible not to consider the political implications of your recommendations 3/ — PolitiTweet.org