Paul Krugman

Paul Krugman @paulkrugman

Yes, Rs have cut off aid to unemployed just as recovery stalls. Why do you ask? https://t.co/SNbvnJbvap — PolitiTweet.org

Paul Krugman @paulkrugman

When my Uncle Sam (yes, I had one) served in WWII, his fellow soldiers called him "Hey, Heeb!" — PolitiTweet.org

Paul Krugman @paulkrugman

Every year the Stone Center for the Study of Socioeconomic Inequality, where I sit in normal times, does a summer workshop on, well, socioeconomic inequality. This year it was necessarily virtual. But here are the talks, which I think were pretty good! https://t.co/rqETHzdHMn — PolitiTweet.org

Paul Krugman @paulkrugman

Seriously, these are people I wouldn't trust to water my houseplants. And no way would I trust them to feed my cat 5/ — PolitiTweet.org

Paul Krugman @paulkrugman

Republicans, however, turned a blind eye; Trump, it's now clear, surrounded himself with toadies who assured their naked emperor that he was wearing the finest of clothes. And so they did nothing as catastrophe approached 4/ — PolitiTweet.org

Paul Krugman @paulkrugman

By May, however, it was obvious that this wasn't happening — and Democrats moved quickly to enact a new relief bill 3/ https://t.co/lKK4n79EMd — PolitiTweet.org

Paul Krugman @paulkrugman

According to Times reporting, in April the WH was convinced that we'd follow Italy's trajectory, with the pandemic rapidly fading away 2/ https://t.co/cazkzKRCWk — PolitiTweet.org

Paul Krugman @paulkrugman

More about the coronavirus relief debacle: What should Republicans have known, and when should they have known it? 1/ https://t.co/kViOwash2n — PolitiTweet.org

Paul Krugman @paulkrugman

RT @daswenson: “... there are more than 30 million workers receiving benefits, but only five million job openings. No matter how harshly yo… — PolitiTweet.org

Paul Krugman @paulkrugman

RT @nytopinion: The failure of the president and Republican lawmakers to provide relief to unemployed Americans is right up there with the… — PolitiTweet.org

Paul Krugman @paulkrugman

But I bet Fauci knows more about trade policy than Navarro does about epidemiology. Actually probably knows more about trade policy than Navarro does, too. — PolitiTweet.org

Paul Krugman @paulkrugman

Trump defeated Covid-19 with his army of unicorns. Also secret QAnon operatives — PolitiTweet.org

Paul Krugman @paulkrugman

Totally forgot to tweet this out: I talked to Christiane Amanpour at some length last week, under the strict condition that I NOT wear a T-shirt https://t.co/ocqsofdfL5 — PolitiTweet.org

Paul Krugman @paulkrugman

But the incompetence may be the point. If he could do anything right, he might not be politically reliable 3/ https://t.co/brCDuPWx1F — PolitiTweet.org

Paul Krugman @paulkrugman

I mean, he can't even enter the right numbers in a spreadsheet 2/ https://t.co/hCnte39Eer — PolitiTweet.org

Paul Krugman @paulkrugman

The durability of Stephen Moore as the GOP's go-to guy on economics tells you something about the party. I don't think he's ever gotten anything — factual, legal, analytic — right 1/ https://t.co/rv2D3dMvwg — PolitiTweet.org

Paul Krugman @paulkrugman

But the people who brought you the 2nd wave are clearly eager to repeat their mistakes, and we can expect a major outbreak of complacency. Plus schools reopening, many in person. I hope I'm wrong, but I have a very bad feeling about the fall 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

So, are we ready for the coronavirus 3rd wave? The 2nd wave came after premature opening in April-May; first cases, then deaths rose with a lag. Re-closing plus more mask-wearing seems — seems — to be bringing cases down a bit, and deaths will eventually follow 1/ — PolitiTweet.org

Paul Krugman @paulkrugman

RT @bopinion: A failure to beat the coronavirus has a chilling effect on economic activity. Just look at the extraordinary difference in… — PolitiTweet.org

Paul Krugman @paulkrugman

And for what it's worth, I think Dems should hang tough. Republicans should be begging Dems to help them avoid catastrophe three months before an election. They have no business demanding that Dems do it their way. Appropriate stance for Pelosi: 10/ https://t.co/Z1d1bQqsHh — PolitiTweet.org

Paul Krugman @paulkrugman

In short, there is no economic theory or logic behind the Republican position. It's all about being mean-spirited and/or cynically exploiting a crisis to force governments to shrink 9/ — PolitiTweet.org

Paul Krugman @paulkrugman

We should be helping states in a pandemic for the same reason governments pay for wars in part by borrowing: the needs are temporary and it's inefficient to cover them entirely by slashing nondefense spending and/or raising taxes 8/ — PolitiTweet.org

Paul Krugman @paulkrugman

What about GOP opposition to temporary aid to states and cities? You don't even have to be a Keynesian to see that this is bad economics. It makes no sense to impose severe cuts in government services in the face of a known temporary revenue loss/ cost increase 7/ — PolitiTweet.org

Paul Krugman @paulkrugman

They only matter if you have a fixed money supply or if the central bank is worried about inflation, neither of which is remotely the case right now 6/ — PolitiTweet.org

Paul Krugman @paulkrugman

More generally, unemployment benefits might raise workers' reservation wages — the wages they demand to take jobs. But higher wages in the economy as a whole don't directly reduce employment, as Keynes explained long ago 5/ https://t.co/FOvVcY1qDC — PolitiTweet.org

Paul Krugman @paulkrugman

But even if it were happening, we have 30 million workers receiving benefits and only 5 million job vacancies. What jobs would workers take if they wanted to work? 4/ — PolitiTweet.org

Paul Krugman @paulkrugman

The claimed GOP objection to extending aid to the unemployed is the belief that it discourages workers from accepting jobs. In reality, all the evidence suggests that under current conditions that just isn't happening 3/ https://t.co/LFZfMpAyh0 — PolitiTweet.org

Paul Krugman @paulkrugman

I don't mean that they adhere to doctrines I disagree with; I mean that they have no coherent doctrine at all other than visceral dislike for helping people in distress 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

30 million workers have had their financial lifeline cut off, and talks are stalled. But this isn't because "Congress" is dysfunctional; it's because *Republicans* are wedded to nonsense economics 1/ https://t.co/C6Lu334G4U — PolitiTweet.org

Paul Krugman @paulkrugman

To be a Trump supporter now is to be constantly at war with reality. And it's terrifying to think what that will mean if Trump loses the election 6/ — PolitiTweet.org