Paul Krugman

Paul Krugman @paulkrugman

Reference 5/: https://t.co/3kPdrv045o — PolitiTweet.org

Paul Krugman @paulkrugman

Not a hint of acknowledgement that life expectancy gains have been mostly for the relatively affluent. According to Goldman/Orszag, life expectancy at 65 for those born in 1990 is 13 years higher for the top quartile than for the bottom — up from 4.3 for those born in 1928 4/ — PolitiTweet.org

Paul Krugman @paulkrugman

I was really struck by the way it justifies raising the age of eligibility for both SS and Medicare by rising life expectancy 3/ https://t.co/hclCHbZrC1 — PolitiTweet.org

Paul Krugman @paulkrugman

The Republican Study Committee report calling for big cuts is a piece of work. 2/ https://t.co/OePFpNKPA7 — PolitiTweet.org

Paul Krugman @paulkrugman

My guess is that hardly any voters know that Republicans will almost surely try to make major cuts to Medicare and Social Security if they prevail 1/ https://t.co/hVrEEjljcA — PolitiTweet.org

Paul Krugman @paulkrugman

I guess foe-shoring — PolitiTweet.org

Paul Krugman @paulkrugman

Latest data are consistent with market rent inflation back down to historical norms of ~3 percent, maybe lower. With a lag, this will translate into much lower core inflation as measured by the BLS 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

More evidence that rental rates are rolling over. Yes, rents normally fall in the fall, but that's the point: things are looking normal again 1/ https://t.co/ROgZHh264f https://t.co/tCYFvStWYv — PolitiTweet.org

Paul Krugman @paulkrugman

In short, there's a pretty good probability that we'll look back on how America handled the pandemic shock, mostly under Biden, and see it as a big success story 6/ — PolitiTweet.org

Paul Krugman @paulkrugman

But won't bringing inflation down require a nasty recession. Maybe, or maybe not — that's an assertion, not a fact. And the standard economic model of stagflation, which depends on expectations, actually says not, since expected inflation hasn't risen much 5/ — PolitiTweet.org

Paul Krugman @paulkrugman

So real wages of nonsupervisory workers actually higher than pre pandemic; real wages overall slightly down, but that's entirely bc of food and energy, driven by forces outside the US. Not the story you've probably heard 4/ — PolitiTweet.org

Paul Krugman @paulkrugman

As of Sept, with Feb 2020=100: 3/ https://t.co/k5JMfJo5K2 — PolitiTweet.org

Paul Krugman @paulkrugman

Two wage measures: overall and nonsupervisory (regular people). Two price measures: overall and excluding food and energy, which are not much affected by policy. 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

So we've returned to full employment, but with unacceptably high inflation. And inflation is bad because it reduces real wages — right? Actually, the facts if you compare the current situation with pre pandemic, are kind of surprising 1/ https://t.co/srO3is9rPq — PolitiTweet.org

Paul Krugman @paulkrugman

RT @drvolts: Find something you love as much as my cat loves interfering with me putting clean sheets on the bed. — PolitiTweet.org

Paul Krugman @paulkrugman

So is an attempt to assassinate the Speaker of the House, which severely injured her husband, and seems to have reflected right-wing extremism, going to be a one-day story? Really? — PolitiTweet.org

Paul Krugman @paulkrugman

RT @Noahpinion: Imagine if America was willing to build more than one (1) dense walkable mixed-use city. — PolitiTweet.org

Paul Krugman @paulkrugman

New York is really in a class of its own https://t.co/rfzant5rrZ https://t.co/509EqlYv5N — PolitiTweet.org

Paul Krugman @paulkrugman

The Princeton Barnes and Noble has a whole section devoted to Dark Academia. But then it would, wouldn't it? https://t.co/KhsZX5t6Ck — PolitiTweet.org

Paul Krugman @paulkrugman

RT @jc_econ: Yes the rental market is cooling rapidly even seasonally adjusted. Even a return to pre-pandemic rates of housing inflation wo… — PolitiTweet.org

Paul Krugman @paulkrugman

RT @stcolumbia: A breach of a Prime Minister's phone by hostile intelligence services is a huge information security concern. Consequently,… — PolitiTweet.org

Paul Krugman @paulkrugman

This rapid cooling is confirmed by many indicators, so if your preferred measure shows it still hot, you might want to question it 5/ https://t.co/EZv8X3vPiA — PolitiTweet.org

Paul Krugman @paulkrugman

This may be in part because Zillow uses a three-month moving average, which makes it a lagging indicator of a rental market that appears to be cooling fast 4/ https://t.co/qb5Za4bPHu — PolitiTweet.org

Paul Krugman @paulkrugman

Zillow, which does its own seasonal adjustment, has been running higher than the other series 3/ https://t.co/6EvAN0qISe — PolitiTweet.org

Paul Krugman @paulkrugman

No, I haven't forgotten about seasonal patterns in rents. I cited Goldman Sachs, which has seasonally adjusted several private rent series 2/ https://t.co/p5E9EW2X3G — PolitiTweet.org

Paul Krugman @paulkrugman

Some nerdy notes on housing, which plays a large role in my concern about lags 1/https://t.co/q3NSNBPSCa — PolitiTweet.org

Paul Krugman @paulkrugman

RT @atrupar: Republicans are really blaming Democrats for a MAGA trying to kill Pelosi's husband. words fail — PolitiTweet.org

Paul Krugman @paulkrugman

RT @GC_CUNY: ICYMI, video of the recent event "Making Sense of the Unpredictable Economy" is now up on Youtube: https://t.co/oOxgOH5Wm4 - @… — PolitiTweet.org

Paul Krugman @paulkrugman

Why the numbers don't speak for themselves https://t.co/q3NSNBPSCa — PolitiTweet.org

Paul Krugman @paulkrugman

ECI was a relief. Wage growth slowing, now around 2 percentage points above pre-Covid, suggesting underlying inflation ~4 percent. Consistent with what you get if you replace BLS shelter with new-rent growth in core inflation. We're not that deep in the inflation hole — PolitiTweet.org