Paul Krugman

Paul Krugman @paulkrugman

My book "Arguing with Zombies" is still shambling along through the zombie apocalypse. The paperback is coming out Feb. 16, and can be purchased here: https://t.co/xyl2dvxDXf https://t.co/gY6pgBkJp1 — PolitiTweet.org

Paul Krugman @paulkrugman

Has there ever been anything like the US right's combination of dishonest incitement and lying cowardice? The official line seems to be that the Capitol riot was completely justified bc of invisible vote fraud, but also that invisible antifa types did all the damage — PolitiTweet.org

Paul Krugman @paulkrugman

Also voter suppression and gerrymandering — PolitiTweet.org

Paul Krugman @paulkrugman

Yes, but I believe that's a military-grade attack beagle — PolitiTweet.org

Paul Krugman @paulkrugman

It's OK if Biden spends a couple of days urging Rs to support his agenda. But when they don't, go big and fast; get money out the door. 4/ — PolitiTweet.org

Paul Krugman @paulkrugman

Voters don't care, or by and large even know about, process. They won't be outraged if Biden uses aggressive tactics to enact stimulus. They will, however, punish his party if they don't see concrete economic gains 3/ — PolitiTweet.org

Paul Krugman @paulkrugman

Not hindsight. What I wrote in January 2009 https://t.co/HCfG6kp5im https://t.co/3yhLb4FrOb — PolitiTweet.org

Paul Krugman @paulkrugman

Exactly. The most important reason Ds got shellacked in 2010 was that the Obama stimulus was underpowered given the severity of the crisis, largely because of the desire to be bipartisan and not use reconciliation 1/ — PolitiTweet.org

Paul Krugman @paulkrugman

The terrorists may already have won — PolitiTweet.org

Paul Krugman @paulkrugman

But what I see are people willing to *kill* for Trump, not die for him. They don't or didn't expect to face any personal consequences, and are whining loudly right now — PolitiTweet.org

Paul Krugman @paulkrugman

"I'm shocked, shocked to find no gambling going on in this establishment" — PolitiTweet.org

Paul Krugman @paulkrugman

I think this insight (along with a number of other observations) held up well after 2008. And it was, to me, an object lesson in the virtues of laying out your assumptions systematically, not going by what you vaguely imagine must be true 5/ — PolitiTweet.org

Paul Krugman @paulkrugman

So I set out to write a model that would confirm my intuition — and it said that my intuition was wrong! The liquidity trap is a sort of expectational trap, and harder than you might think to deal with 4/ — PolitiTweet.org

Paul Krugman @paulkrugman

I began working on this issue because I was disturbed by Japan's apparent inability to break out of deflation. I started with a strong intuition that the Bank of Japan just wasn't trying hard enough — that if it just printed enough money that would work 3/ — PolitiTweet.org

Paul Krugman @paulkrugman

I am still proud of the 1998 paper that sort of started this. It holds up pretty well — and it was also an illustration of the case for economic modeling 2/ https://t.co/ZEILV7tmbT — PolitiTweet.org

Paul Krugman @paulkrugman

Scott Sumner has an interesting (to me at least) podcast with David Beckworth on the "Princeton School of macroeconomics," which included yours truly and a guy name Ben Bernanke (whatever happened to him?) 1/ https://t.co/3DIWr6FfE8 — PolitiTweet.org

Paul Krugman @paulkrugman

RT @bartbonikowski: This @monkeycageblog series I edited w @dziblatt in 2019 is all the more relevant today. We argue in the intro that rad… — PolitiTweet.org

Paul Krugman @paulkrugman

RT @TBPInvictus: I only wish I knew who to credit for this amazing limerick: https://t.co/uFVMrRYjuT — PolitiTweet.org

Paul Krugman @paulkrugman

Democracy is under siege; markets are up. And it kind of makes sense. https://t.co/h4XR1oA2oG — PolitiTweet.org

Paul Krugman @paulkrugman

Very good by Adam Serwer. The putsch was carried out largely by privileged white people who saw their privilege under threat https://t.co/bpAOuow2Vk — PolitiTweet.org

Paul Krugman @paulkrugman

There are no violins tiny enough to play here — PolitiTweet.org

Paul Krugman @paulkrugman

And once the fantasy of overturning the vote dies, quite possible that many of them just walk away. Let's hope — while planning for the worst 3/ — PolitiTweet.org

Paul Krugman @paulkrugman

What happens when he is? They might rage over the steal — but do they really, truly believe that the election was stolen (or do they even care) as opposed to wanting some way, any way to keep their guy in power? 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

So what will happen after Jan. 20? There might be a paroxysm of violence. But maybe not. Everything we've seen suggests that the Trumpists are high on their own supply — they still believe that the election results can be reversed, and that Biden won't be sworn in 1/ — PolitiTweet.org

Paul Krugman @paulkrugman

So this is a nightmare, but it's a political nightmare. The economy will probably do just fine 6/ — PolitiTweet.org

Paul Krugman @paulkrugman

What he doesn't note is that as a result of expansionary monetary and fiscal policy the Japanese economy actually did well through that period 5/ https://t.co/YjEdMjDwRB — PolitiTweet.org

Paul Krugman @paulkrugman

Noah Smith makes illuminating and disturbing parallels with Japan in the 1930s, rife with right-wing violence and assassinations 4/ https://t.co/JjveqgEMiu — PolitiTweet.org

Paul Krugman @paulkrugman

Also, political turmoil, even violent, doesn't have much economic impact unless it turns into actual civil war. Race riots and Vietnam coincided with a middle-class boom 3/ https://t.co/GFiBNSXIjS — PolitiTweet.org

Paul Krugman @paulkrugman

Is this crazy? Not really. For one thing, last week also included the D upset in GA, which greatly increased the odds for adequate economic relief. Predictit on Senate control 2/ https://t.co/gN3ycH54ce — PolitiTweet.org

Paul Krugman @paulkrugman

The economic consequences of the putsch: very far from the most important thing, but the markets seem remarkably sanguine given what just went down. Bonds, in particular, are signaling new optimism about recovery 1/ https://t.co/XbAaxaZhOa — PolitiTweet.org