Paul Krugman

Paul Krugman @paulkrugman

RT @arindube: People, you know who coined it! Manic Multiplier™ https://t.co/l6IdsEGFCv — PolitiTweet.org

Paul Krugman @paulkrugman

@arindube I like the term "manic multiplier." I think I'll steal it for future use. — PolitiTweet.org

Paul Krugman @paulkrugman

RT @JaneMayerNYer: 📍Trump Hotel, DC - Looks like they drained the swamp https://t.co/dgDg3HxRbp — PolitiTweet.org

Paul Krugman @paulkrugman

Hard to feel any sympathy for the short-sellers here — they knew the business they had gotten into. But also no sympathy for the people who will lose their shirts 4/ — PolitiTweet.org

Paul Krugman @paulkrugman

So here we have a Reddit mob pushing a stock price to levels that force short-sellers to fold, despite the absence of any reason for such a dramatic rise or to believe the price makes sense 3/ — PolitiTweet.org

Paul Krugman @paulkrugman

S-V argued that the players who keep prices from going crazy tend to be specialists with limited capital — and that when prices go sufficiently crazy, that capital ends up being depleted, making them unable to do their job 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

This crazy GameStop story feels as if someone deliberately set out to illustrate the classic Shleifer-Vishny model of how markets can fail 1/ https://t.co/29z52RwnlT https://t.co/2d2OSCLHWT — PolitiTweet.org

Paul Krugman @paulkrugman

RT @petridishes: Mitch McConnell Vows To Grind Senate To A Halt And Make It An Awful, Unproductive Place If Anyone Threatens His Power To G… — PolitiTweet.org

Paul Krugman @paulkrugman

A note on pandemic rescue: broad-based payments don't compete with targeted relief, they complement it https://t.co/8dcEQwHAWV — PolitiTweet.org

Paul Krugman @paulkrugman

The proposed child allowance is good policy on every dimension. https://t.co/w0i9MAtn1R — PolitiTweet.org

Paul Krugman @paulkrugman

She is, of course, part of a team — and it's a huge contrast with the outgoing team. Basically, to have been part of Team Trump you had to have gotten the last financial crisis wrong; Team Biden, reassuringly, is composed of people who got it right 6/ — PolitiTweet.org

Paul Krugman @paulkrugman

In the current context, this means that she's not likely to say "Eek! Debt!" as opposed to looking for evidence that debt and spending are actually problems 5/ — PolitiTweet.org

Paul Krugman @paulkrugman

I suspect that this background played a role in her relative accuracy as a forecaster. In particular, she was especially inclined to wait for actual evidence of inflation, as opposed to assuming that it must be coming 4/ https://t.co/sWJ0brjQHv — PolitiTweet.org

Paul Krugman @paulkrugman

Also, perhaps less noticed, a really interesting intellectual background. Her work with George Akerlof helped lay the foundations for behavioral macroeconomics — macro based on observation of how people actually act, not how maximization says they should act 3/ https://t.co/j44vOLwjBx — PolitiTweet.org

Paul Krugman @paulkrugman

Obviously a huge change in personal style from her predecessor 2/ https://t.co/AZC3hTr7q8 — PolitiTweet.org

Paul Krugman @paulkrugman

A few thoughts on Janet Yellen as Treasury secretary. Obviously she brings some firsts to the role — the first woman and aside from the brief role of Larry Summers, the first economist as opposed to business type or politician 1/ — PolitiTweet.org

Paul Krugman @paulkrugman

But they're taking a stand on principle — the principle that Democrats have no right to govern, ever, no matter what the voters say — PolitiTweet.org

Paul Krugman @paulkrugman

RT @vtg2: “They don’t have to ‘pay back the debt,’” said @jc_econ. “That’s just never how it’s worked.” https://t.co/Hl8Al8GS4l — PolitiTweet.org

Paul Krugman @paulkrugman

Schadenfreude aside, this is a very good thing: there needs to be a penalty for playing footsie with fascists. https://t.co/uxui8R7J1P — PolitiTweet.org

Paul Krugman @paulkrugman

Sample paper 3/ https://t.co/c8kFGEJAlR — PolitiTweet.org

Paul Krugman @paulkrugman

And here's another terrific appointment 2/ https://t.co/A2JMIRb17h — PolitiTweet.org

Paul Krugman @paulkrugman

Great news! Some of us worried that the Biden administration might be staffed by Very Serious People obsessed with debt and cutting entitlements. But what we're actually seeing are appointments of people who were on the right side of the austerity wars. 1/ — PolitiTweet.org

Paul Krugman @paulkrugman

Yes he does. But I wish I were more certain that he's wrong. Remember, in the midterms he got away with pretending that he would protect preexisting conditions. — PolitiTweet.org

Paul Krugman @paulkrugman

So if you want to demand bipartisanship, you have to defend the doctrines that currently defy Republicanness. If you won't do that, you're arguing in bad faith 6/ — PolitiTweet.org

Paul Krugman @paulkrugman

I mean, must we say nice things about Qanon adherents? Well, the GOP isn't that far gone, but has gone significantly in that direction. And its members, again, are those who accept where it has gone 5/ — PolitiTweet.org

Paul Krugman @paulkrugman

Anyone who doesn't accept these views either leaves the GOP or, increasingly, is driven out. So saying that those who remain are bad, wrong-headed, or both is only outrageous if you consider these doctrines reasonable 4/ — PolitiTweet.org

Paul Krugman @paulkrugman

These include the view that a perfectly normal election was stolen and that extreme measures were justified in an attempt to overturn it; and also the view that moderately progressive policies are a radical socialist agenda 3/ — PolitiTweet.org

Paul Krugman @paulkrugman

To state what should be obvious, but apparently isn't, being a Republican isn't like being Black (or Jewish). It's not something you're born into, it's a choice. And in 2021, making that choice requires accepting some key GOP tenets 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

I've noticed a theme in some of my recent hate mail: angry complaints that in saying that almost all elected Republicans are corrupt and/or clueless, I'm engaging in a sin akin to ... racism. So let's talk about that 1/ — PolitiTweet.org

Paul Krugman @paulkrugman

I was right — he was a military-grade attack beagle https://t.co/s2NGLg3SrS — PolitiTweet.org