Paul Krugman

Paul Krugman @paulkrugman

You still sometimes hear economists, even those with a public intellectual role, say that their job starts and ends with giving the best possible policy advice; it's up to politicians what they do with it. But in America 2021 that's not a sustainable position 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

I just debated Larry Summers, again, over overheating and all that, for Fareed Zakaria. Not going to try and spin it; watch for yourself. Also, debating people who are neither idiots nor political hacks is weird, and will take getting used to. But I do have some meta thoughts 1/ — PolitiTweet.org

Paul Krugman @paulkrugman

At one level this is all ancient history. But the myth of Reaganomics is still a significant zombie, eating the brains of people who should know better 5/ — PolitiTweet.org

Paul Krugman @paulkrugman

The one thing that really changed under Reagan was inequality, which soared 4/ https://t.co/yDSpcRD7I4 — PolitiTweet.org

Paul Krugman @paulkrugman

The great productivity slowdown of the early 1970s didn't end under Reagan. To the extent there was any revival, it took place from 1995-2005 3/ https://t.co/yz2KmetTpy — PolitiTweet.org

Paul Krugman @paulkrugman

The great postwar boom ended because productivity growth stagnated; Reagan didn't change that, and even the short-lived IT boom ran from 1995-2005, with little obvious political connection 3/ https://t.co/nalCMoO05z — PolitiTweet.org

Paul Krugman @paulkrugman

Inflation didn't fall because Reagan reined in big government; it fell because Paul Volcker hit the economy with an enormous hammer 2/ https://t.co/RJ9Xq0aAyu — PolitiTweet.org

Paul Krugman @paulkrugman

I agree with a lot of what David Brooks says here (a sign that the apocalypse is nigh?), but really wish we could kill the zombie myth that Reagan saved the economy 1/ https://t.co/SrDkx9OKTy — PolitiTweet.org

Paul Krugman @paulkrugman

The new child allowance doesn't reverse welfare "reform", but it does mark a big break with punitive ideology — and will help millions of children https://t.co/p3W7sTsmj7 — PolitiTweet.org

Paul Krugman @paulkrugman

RT @nytopinion: The family benefits in the Biden relief plan aren't the return of welfare, @PaulKrugman writes, but they are the end of the… — PolitiTweet.org

Paul Krugman @paulkrugman

But you need to think about social consequences. In general, the less these people do the less harm they inflict on the rest of us — PolitiTweet.org

Paul Krugman @paulkrugman

Meant to add this: based on what we've seen so far, the problem won't be selling the package. It will be countering gaslighting from Republicans who will try to claim credit and deny that they voted against it. — PolitiTweet.org

Paul Krugman @paulkrugman

RT @ThePlumLineGS: Now that Biden's package has passed, the White House will launch a massive campaign to highlight what's in it in "every… — PolitiTweet.org

Paul Krugman @paulkrugman

Similar to Bloomberg survey: economists expecting almost 6% growth this year. But we started from 3% output gap, according to CBO, and potential grows ~2%/year. So this brings us roughly back to potential, not massive overheating https://t.co/FByTHn4TDf — PolitiTweet.org

Paul Krugman @paulkrugman

So whatever you think of the economics, Biden and Schumer pulled off a political miracle, delivering a vastly bigger package than almost anyone thought possible. 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

How big is the American Rescue Plan relative to expectations? I searched through past newsletters from the very smart team at Goldman Sachs, and found this just after the GA runoffs 1/ https://t.co/AEXD2U9hQP — PolitiTweet.org

Paul Krugman @paulkrugman

It's morning in America, but it will take a lot more effort to keep the good times rolling https://t.co/bnQB6J7F1D — PolitiTweet.org

Paul Krugman @paulkrugman

RT @nytopinion: A large program of public investment, @PaulKrugman writes, would rebuild our crumbling infrastructure and pull the economy… — PolitiTweet.org

Paul Krugman @paulkrugman

Chris Hayesing at approx 8:15 tonight. Hopefully not about Meghan and Harry — PolitiTweet.org

Paul Krugman @paulkrugman

Andrew Gelman wrote that paper years ago https://t.co/SjWkOTjjaK — PolitiTweet.org

Paul Krugman @paulkrugman

Indeed. I would like to see estimates of the % gain in per capita income from the Biden plan by constituents of R and D senators. Almost surely much bigger for R senators, not one of whom voted yes — PolitiTweet.org

Paul Krugman @paulkrugman

Strong intellectual analogies to Big Push arguments in economic development 3/ — PolitiTweet.org

Paul Krugman @paulkrugman

It's a lot like the reasons we needed a federal policy for rural electrification: power companies wouldn't build the grid without assured demand, and farmers wouldn't go electric without assured access to power 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

This is a good illustration of why a clear-energy transition needs public investment in addition to carbon pricing 1/ https://t.co/UsEzXdtcMa — PolitiTweet.org

Paul Krugman @paulkrugman

Clearly, then, *Democrats* have broken the sacred bonds of bipartisanship, amirite? 3/ — PolitiTweet.org

Paul Krugman @paulkrugman

Now Democrats have passed a popular relief bill on a party-line vote, with no R votes even though a majority of Republican voters supported it 2/ https://t.co/TJUlDWIkGH — PolitiTweet.org

Paul Krugman @paulkrugman

Just to get things straight: in 2017 Republicans used reconciliation to pass a huge tax cut on a party-line vote, despite public disapproval and near-complete Dem disapproval 1/ https://t.co/trbn8GG0Ua — PolitiTweet.org

Paul Krugman @paulkrugman

On to infrastructure! How should we pay for it? We shouldn't https://t.co/Up8RsVqO0r — PolitiTweet.org

Paul Krugman @paulkrugman

A reminder: this is a huge step in fighting inequality https://t.co/ntEz0nWl7z — PolitiTweet.org

Paul Krugman @paulkrugman

Wasn't quite ready to believe it until it actually happened. This is a big Bidening deal. — PolitiTweet.org