Paul Krugman

Paul Krugman @paulkrugman

Consumer sentiment told the same story 4/ https://t.co/NNLTKUcexM — PolitiTweet.org

Paul Krugman @paulkrugman

Especially remarkable because the economy was unfavorable. Here's the "misery index", inflation plus unemployment — as bad as it was when Obama got his shellacking, much worse than when Clinton got his 3/ https://t.co/tLr9Rx4S8h — PolitiTweet.org

Paul Krugman @paulkrugman

First, Democrats really outperformed the fundamentals. The party that holds the White House almost always loses seats in the midterms. At this point, if I believe The Needle, Ds are likely to hold the Senate and still have a small chance in the House 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

Feeling somewhat pleased with myself: I went to bed early, figuring that doomscrolling would be bad for my health, and woke up to discover that the red wave had been a small ripple. A few thoughts 1/ — PolitiTweet.org

Paul Krugman @paulkrugman

RT @nytopinion: “The best model for what a MAGA America would look like is probably the United States of the 1950s,” wrote Litany in a comm… — PolitiTweet.org

Paul Krugman @paulkrugman

Some people say Republicans might turn us into Hungary. That's actually too optimistic https://t.co/RlqKcTUJXp — PolitiTweet.org

Paul Krugman @paulkrugman

Update: so far things not going well on Mastodon. After the initial post, nothing I try to post is showing up. And despite setting it *not* to send an email every time someone follows me, it's sending them. I hope these are just teething problems. — PolitiTweet.org

Paul Krugman @paulkrugman

To be fair, London is a much bigger part of Britain that NY is of America, so it's hard for Britons to be that ignorant about their biggest city. On the other hand, it's pretty amazing what people manage to believe about New York. You should see my mail 3/ — PolitiTweet.org

Paul Krugman @paulkrugman

It couldn't happen here, because most Americans, especially on the right, know very little about NY or any of our major cities. In their minds, NYC is a kind of homogeneous hellscape, mostly burned down by Black Lives Matter 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

I've been reading, with some bemusement, about the way British Conservatives dunk on North London — not the whole city, but the supposedly hip part. Sort of as if the US right, instead of hating on all of New York, limited its disdain to Williamsburg 1/ https://t.co/P5oYD0Zw7D — PolitiTweet.org

Paul Krugman @paulkrugman

A key point is that the people spreading false claims aren't the only evildoers here. The rest of the GOP, which accepts such people rather than ostracizing them, is almost equally at fault https://t.co/Lyg3XCviMZ — PolitiTweet.org

Paul Krugman @paulkrugman

I have no idea what will replace Twitter if and when that happens. But I'm doing what I can to retain an alternative social media foothold 5/ — PolitiTweet.org

Paul Krugman @paulkrugman

So a mass influx of crazy people won't directly hurt the way I use Twitter. But I worry about loss of critical mass. As Musk's apparently uncontrollable nastiness and childishness drives away users and advertisers, it's easy to see how Twitter's usefulness could collapse 4/ — PolitiTweet.org

Paul Krugman @paulkrugman

What I use the site for is partly broadcasting, but mostly to follow people who actually know a subject, whether it's energy policy or national security. Getting information from such people in more or less real time is extremely valuable 3/ — PolitiTweet.org

Paul Krugman @paulkrugman

I use Twitter in a somewhat restricted way. I don't, for the most part, respond to or even look at replies — too many followers, and too much hate even with content moderation. I do dialogues, when I do, via retweets 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

So, I've opened a Mastodon account as a precaution against the possible Muskocalypse on this site: https://t.co/ybVhwQgsyC Let me talk about motivation, which may be a bit different from other Twitterati 1/ — PolitiTweet.org

Paul Krugman @paulkrugman

Combined with slowing wage growth, there's a good case that substantial disinflation is happening, but not captured (yet) by the standard measures 3/ — PolitiTweet.org

Paul Krugman @paulkrugman

A quick and dirty calculation: core CPI inflation was 6 percent annualized over the past 3 months; about half of this was shelter, which rose at 8 percent. But if market shelter inflation is 3 or less, as Goldman thinks, "true" core is ~4 percent 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

More evidence of a rapidly cooling rental market, although this will take a while to show in the BLS shelter index, which is dominated by continuing leases 1/ https://t.co/UfHma2KGR2 — PolitiTweet.org

Paul Krugman @paulkrugman

Since many of us are talking about lags in the effects of monetary policy, especially via the strong dollar: I've been reminded that Richard Baldwin and I wrote about this 25 years ago. I think it has aged pretty well https://t.co/GXVNNidr2v — PolitiTweet.org

Paul Krugman @paulkrugman

Consistent with what I wrote here 2/ https://t.co/5gR5cRTh0j — PolitiTweet.org

Paul Krugman @paulkrugman

A very helpful article. Bottom line: the subway used to be extremely safe. Now it's only very safe 1/ https://t.co/8yBZqO0RWr — PolitiTweet.org

Paul Krugman @paulkrugman

Given what's happening to wages and productivity, I don't see any way to make the case, as some have, for underlying inflation of 6 or even 7 percent. This looks <4, possibly even as low as 3 4/ — PolitiTweet.org

Paul Krugman @paulkrugman

Here's the picture. My guess is that we'll soon see productivity growth, though not necessarily level, return to historical norms 3/ https://t.co/15jN3fReyt — PolitiTweet.org

Paul Krugman @paulkrugman

If you were worried that we needed much lower wage growth to make up for declining productivity, yesterday's report suggests that the decline earlier this year wasn't a sustained trend; probably a temporary effect of high churn 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

Indeed. Monthly numbers are volatile; smoothed wage growth is only a bit above pre pandemic level 1/ — PolitiTweet.org

Paul Krugman @paulkrugman

If Republicans win the midterms, programs crucial to Americans — especially their own base — will be on the chopping block https://t.co/x5gy261bPR — PolitiTweet.org

Paul Krugman @paulkrugman

Ahem https://t.co/0EZgpwHAGf — PolitiTweet.org

Paul Krugman @paulkrugman

Of course, not a chance these moves would overcome a Biden veto. But they may try to extract them through debt-ceiling blackmail. And they may believe that this will be the last contestable election, so aren't worried about the backlash 7/ — PolitiTweet.org

Paul Krugman @paulkrugman

So this is saying that janitors — who depend on govt programs — can't retire because lawyers — who don't — are living longer. Also, by the way, growing disparities by education, which means that the R base would be hit especially hard 6/ — PolitiTweet.org