Paul Krugman

Paul Krugman @paulkrugman

Wow. Good luck. A reminder that none of us are safe until all of us are safe. — PolitiTweet.org

Paul Krugman @paulkrugman

Oh, and the president is golfing — without a mask 4/ — PolitiTweet.org

Paul Krugman @paulkrugman

Obviously huge uncertainty, but rising odds for a nightmare this fall — still high and maybe surging deaths, mass financial hardship. Lack of leadership may take a terrible toll 3/ — PolitiTweet.org

Paul Krugman @paulkrugman

On the economic side, indications that unemployment heading toward 25%, yet Trump and Senate Rs determined to snatch away safety net 2/ https://t.co/gs5pnh9iiR https://t.co/a7ci5UQGKD — PolitiTweet.org

Paul Krugman @paulkrugman

Are other people feeling the same sense of doom I'm feeling? On the epidemiological front, the virus is still rampant yet political pressure for rapid, careless reopening —and going maskless — mounting 1/ https://t.co/2xGFpXrtlx — PolitiTweet.org

Paul Krugman @paulkrugman

Trump's assertion that the death toll is overstated is, among other things, a dress rehearsal for November. If he loses, of course he'll claim fraud. The only questions are how explicit he'll be in inciting violence, and how his followers will respond https://t.co/msAFbYatl8 — PolitiTweet.org

Paul Krugman @paulkrugman

RT @adam_tooze: Thanks to the surprising success of the expanded benefit system there is "a lot less suffering than you might expect given… — PolitiTweet.org

Paul Krugman @paulkrugman

Has anyone pointed out that Biden is capable of admitting error? That by itself puts him on a higher moral plane than you know who — PolitiTweet.org

Paul Krugman @paulkrugman

RT @ASlavitt: COVID Update May 21: Something is happening in the world that we should pay attention to. Sadly we are ignoring it and the m… — PolitiTweet.org

Paul Krugman @paulkrugman

RT @nytopinion: . @PaulKrugman responded to readers commenting on his column "How Many Will Die for the Dow?" Join the conversation here: h… — PolitiTweet.org

Paul Krugman @paulkrugman

I will be debating the future of capitalism at 1.30 EST this Sunday with Deirdre McCloskey and @graceblakeley. You can watch the whole thing live-streamed, as well as dozens of other panels and talks. Get your tickets here https://t.co/IdBW415oSk — PolitiTweet.org

Paul Krugman @paulkrugman

Virtual seminar with the OECD later this morning, here https://t.co/x04wki30eW — PolitiTweet.org

Paul Krugman @paulkrugman

Repeat after me: debt is money we owe to ourselves. It doesn't make the nation as a whole poorer. — PolitiTweet.org

Paul Krugman @paulkrugman

OpenTable reservations still down 85% from a year ago 6/ https://t.co/NGW5uVH4kR — PolitiTweet.org

Paul Krugman @paulkrugman

Final point: Trump may want to ignore the coronavirus, but the public may not oblige. Georgia has reopened, but its residents aren't going out and spending 5/ https://t.co/L72QQwVc0T — PolitiTweet.org

Paul Krugman @paulkrugman

But I think there's a simple answer: Trump and those like him are fear mongers when that provides an excuse to punish people, especially nonwhites. They don't want to hear about risks that require self-discipline 4/ — PolitiTweet.org

Paul Krugman @paulkrugman

Ezra Klein finds it puzzling that conservatives, who are usually more fearful than liberals, are so dismissive of the coronavirus. Applies to Trump, too: remember his talk of "American carnage" in an era of <20K homicides per year 3/ https://t.co/yRyTC60sXD — PolitiTweet.org

Paul Krugman @paulkrugman

What's remarkable is that this isn't just a crime, it's a mistake. During the brief period when it seemed as if Trump might be taking Covid-19 seriously, his approval surged, only to collapse as he reverted to type 2/ https://t.co/9yy5R2Yh1G https://t.co/yI8rQVOIXZ — PolitiTweet.org

Paul Krugman @paulkrugman

Trump has been unable to shift away from boosterism, from pretending that everything is great on his watch, even in a pandemic 1/ https://t.co/ODTiIZCXKD — PolitiTweet.org

Paul Krugman @paulkrugman

RT @nytopinion: "Epidemiological modelers believe that tens of thousands of deaths might have been avoided if America had started lockdowns… — PolitiTweet.org

Paul Krugman @paulkrugman

RT @nytopinion: If the pandemic were brought under control, the road to economic recovery could be short, @PaulKrugman says. But "nothing I… — PolitiTweet.org

Paul Krugman @paulkrugman

Economists to epidemiologists: welcome to our world — PolitiTweet.org

Paul Krugman @paulkrugman

The BLS suggested that technical issues may have caused the April employment report to understate the unemployment rate by as much as 5 points, putting the true rate close to 20. So are we now into the 20s? Great Depression levels 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

This is not good. Purchasing managers' index suggests sharp economic decline continuing 1/ https://t.co/6iyxaHFDJS https://t.co/ZcMf3rYmyM — PolitiTweet.org

Paul Krugman @paulkrugman

Apropos of nothing: I remember a contest, long ago, in which people were supposed to come up with new answers to "Why did the chicken cross the road?" The best one was, "Alternate side of the street parking regulations" — PolitiTweet.org

Paul Krugman @paulkrugman

But the operative word is "gradually": even by the year 2050 the US debt ratio would be lower than that in Britain for much of the 20th century. The point is that we shouldn't panic about debt; we have lots of running room, and won't need extreme measures to contain it 6/ — PolitiTweet.org

Paul Krugman @paulkrugman

Two scenarios: primary balance, and a primary deficit of 2% of GDP, which is roughly where we were before the 2017 tax cut. In both cases I assume interest rate 1% below growth rate. Deficit scenario would lead to gradually rising debt ratio 5/ https://t.co/bhRJ0cwK1s — PolitiTweet.org

Paul Krugman @paulkrugman

CBO currently projects debt by the end of next year of 108 percent of GDP. How hard would that be to deal with? Bear in mind that interest rates have consistently been below the economy's growth rate, so that with primary (non-interest) balance, the debt ratio would fall 4/ — PolitiTweet.org

Paul Krugman @paulkrugman

Britain emerged from World War II with debt of more than 250 percent of GDP. It didn't have a debt crisis. And it never paid off that debt, just rolled it over. However, debt as a share of GDP eroded as the economy grew. 3/ — PolitiTweet.org

Paul Krugman @paulkrugman

First, when people ask how we'll pay back the debt incurred as we respond to Covid-19, or suggest that debt over 100 percent of GDP would be disastrous, consider the history of the UK in the mid-20th century 2/ https://t.co/5I8RzKBOKr — PolitiTweet.org