Paul Krugman

Paul Krugman @paulkrugman

I write about debt; couldn't resist the Strangelove reference 1/ https://t.co/fMEmAXJue6 — PolitiTweet.org

Paul Krugman @paulkrugman

RT @ObsoleteDogma: It probably shouldn’t be too surprising that there’s a lot of overlap in how bitcoiners and QAnoners talk. In both cases… — PolitiTweet.org

Paul Krugman @paulkrugman

OK, folks — how is it that Marc Levinson has had a new book about globalization out for 2 months and nobody told me? https://t.co/d2ePi8sDtE — PolitiTweet.org

Paul Krugman @paulkrugman

The good news is that heading off catastrophic climate change now looks vastly easier than we could have imagined in the past. The bad news is that climate denial may doom us anyway 3/ — PolitiTweet.org

Paul Krugman @paulkrugman

This jogged my memory: it turns out that I predicted more o less what has actually happened back in 2011 — getting a fair bit of ridicule at the time 2/ https://t.co/kCava7xmyZ — PolitiTweet.org

Paul Krugman @paulkrugman

Max Roser at the wonderful Our World in Data site has a striking post about the technological miracle in renewable energy 1/ https://t.co/4ydlDULwVm — PolitiTweet.org

Paul Krugman @paulkrugman

I think The Economist used to call him Discard Disdain. Jokes aside, he was one of the many people who brushed aside concerns about how the euro would work, with dire consequences https://t.co/HvNzQXbz2g — PolitiTweet.org

Paul Krugman @paulkrugman

Politics over the next four years will revolve around ludicrous GOP attacks on the Biden administration. I hope the media won't pretend that these attacks are made in good faith https://t.co/mM9wH0M9Cm — PolitiTweet.org

Paul Krugman @paulkrugman

So the long-run budget outlook probably isn't much of a problem, and it's certainly not a problem requiring urgent action. There are no economic obstacles to spending what we need to spend — only political hurdles 5/ — PolitiTweet.org

Paul Krugman @paulkrugman

Low interest rates also mean that the debt we run up over the next few years won't snowball (in fact, relative to GDP it will melt) 4/ https://t.co/7Nh6WPmxkg — PolitiTweet.org

Paul Krugman @paulkrugman

In other words, we're no longer living in a world in which the prospect of an aging population is the main driver of grim fiscal forecasts; instead, it's mainly a highly questionable assumption about financing costs 3/ — PolitiTweet.org

Paul Krugman @paulkrugman

But as Furman and Summers point out, CBO has consistently projected big rate increases that haven't happened 3/ https://t.co/nkaahrFS5L https://t.co/oDtTo1VkgU — PolitiTweet.org

Paul Krugman @paulkrugman

But what's driving those projections? Mainly it's rising interest costs — which in turn are driven largely by the assumption that rates will rise a lot 2/ https://t.co/q0AjPNfrV3 — PolitiTweet.org

Paul Krugman @paulkrugman

More on fiscal issues: once Biden is in office, expect Rs to wave around a lot of charts purporting to show a dangerous long-run debt trajectory. And to be fair, long-term CBO projections show a big rise in debt 1/ — PolitiTweet.org

Paul Krugman @paulkrugman

But unless Dems win both GA Senate races, expect total blockade and sabotage from McConnell; and even if they do, an expansive agenda may not get through. We know what to do; unfortunately, knowledge isn't necessarily power 3/ — PolitiTweet.org

Paul Krugman @paulkrugman

Intellectually, the Very Serious People position circa 2013 that debt was the biggest issue facing America now looks deeply silly. Low interest rates and the obvious needs we face on infrastructure and climate mean that we need large-scale deficit-financed public investment 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

I'm following the emerging consensus on fiscal policy with a mixture of wonder and deep sadness. There has been a revolution in thinking about debt and deficits that could lead to great things — but probably won't because of politics 1/ https://t.co/tDUqZRDsWk — PolitiTweet.org

Paul Krugman @paulkrugman

Bond yields, which are some indication of optimism about the economy, are up. So are stock prices, although all the usual caveats apply 2/ https://t.co/BZmm4ILWjx — PolitiTweet.org

Paul Krugman @paulkrugman

We'll see, but it's very doubtful whether Rs *saying* that they are pessimistic about the economy will translate into actual changes in behavior. It's probably more an expression of partisan loyalty rather than an actual belief https://t.co/eq7xKRBMWS — PolitiTweet.org

Paul Krugman @paulkrugman

My version 2/ https://t.co/qdmMFN4wVu — PolitiTweet.org

Paul Krugman @paulkrugman

Tim Duy and I seem to be thinking along similar lines. This isn't the Great Recession; we may have a V-shaped recovery once the vaccine is widely distributed 1/ https://t.co/gYgPdE5lWf — PolitiTweet.org

Paul Krugman @paulkrugman

The GOP has become the party of "Mommy, she said mean things about me!" Time to replace the elephant symbol with a snowflake https://t.co/fXAe2LK9gM — PolitiTweet.org

Paul Krugman @paulkrugman

No comment. And I am unanimous in that https://t.co/5JiXkaOGJv — PolitiTweet.org

Paul Krugman @paulkrugman

Just another Fox News personality calling for military overthrow of the U.S. government. If he were a progressive, this would be considered treason. — PolitiTweet.org

Paul Krugman @paulkrugman

Anyone who believes that McConnell won't sabotage Biden if he can is living in a fantasy world https://t.co/F4P861aq1N — PolitiTweet.org

Paul Krugman @paulkrugman

This is an excellent summary of how to think about fiscal policy now: a bridge across the pandemic, then a shift to public investment, and don't fret about debt https://t.co/EbPDC0jq6c — PolitiTweet.org

Paul Krugman @paulkrugman

RT @nytopinion: "Today’s G.O.P. doesn’t believe that Democrats ever have the right to govern," @PaulKrugman writes, "no matter how many vot… — PolitiTweet.org

Paul Krugman @paulkrugman

Janet Yellen is a corporate warmonger? Next thing Hawley will say something even more absurd, like claiming that he's a protector of preexisting conditions. Oh, wait — PolitiTweet.org

Paul Krugman @paulkrugman

Me: At least this year can't get any worse Mother Nature: Hold my beer https://t.co/rB562s4vxP — PolitiTweet.org

Paul Krugman @paulkrugman

Come on — could you imagine either of them coming up with a cubic model predicting zero Covid deaths by mid-April? — PolitiTweet.org