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Paul Krugman @paulkrugman
Good piece on a theme I've often stressed: we don't have to worry about how we'll pay off the debt run up to deal with Covid-19, because we never will — just as we never paid off the debt from WWII 1/ https://t.co/Q3sHDuvdTI — PolitiTweet.org
Paul Krugman @paulkrugman
Compare and contrast with Florida, where it seems that hardly anyone is getting checks 2/ https://t.co/f7hYPqJjcZ — PolitiTweet.org
Paul Krugman @paulkrugman
This sounds like a bad story, but it's actually encouraging. NYs unemployment system couldn't handle the initial surge in volume, but Cuomo is making a crash effort to fix it, and apparently has cleared most of the backlog 1/ https://t.co/AaTmiYNavS — PolitiTweet.org
Paul Krugman @paulkrugman
And if I'm reading the numbers right, we're likely to pass 50K *this week*. — PolitiTweet.org
Matthew Yglesias @mattyglesias
Richard Epstein originally said the Covid-19 threat was overrated and only 500 Americans would die. In the most r… https://t.co/0aedlzSOST
Paul Krugman @paulkrugman
Agree. I'm utterly baffled — PolitiTweet.org
Michael Grunwald @MikeGrunwald
Democrats cave: Nothing for states or cities, nothing for election protection or the post office, no oversight, no… https://t.co/koPlyfZ0do
Paul Krugman @paulkrugman
There must be some intellectually honest conservatives. But the movement's stars include an amazing number of liars and grifters — which I guess ties in with today's column 4/ https://t.co/V6RUaq5mPi — PolitiTweet.org
Paul Krugman @paulkrugman
(2) The Epstein affair reminds me of that time right-wingers insisted that "privatization" was a left-wing smear — and Cato, which had a long-standing Project on Social Security Privatization, tried to edit old web pages to pretend they never used the word 3/ — PolitiTweet.org
Paul Krugman @paulkrugman
Two related anecdotes. (1) We had an event at CUNY some months ago, in which Epstein insisted that the financial crisis was caused by rules forcing banks to lend to minorities — a totally refuted claim. So epidemiology isn't the only field where he has delusions of competence 2/ — PolitiTweet.org
Paul Krugman @paulkrugman
This is amazing. Richard Epstein tries to falsify the history of his disastrous foray into epidemiology. This should destroy his career. But since he's a right-winger, it won't https://t.co/l8D47J6kx2 — PolitiTweet.org
John Macke @JohnPMacke
A short story about why I love @waybackmachine. I'll start with two pictures. Spot the difference. The first is… https://t.co/GOgYnpApQl
Paul Krugman @paulkrugman
Oh no! The Tenement Museum is my favorite museum in NYC https://t.co/qxM3GIXdsB — PolitiTweet.org
Paul Krugman @paulkrugman
But his TV ratings are great! (Btw, Andrew Cuomo's briefings really are riveting) https://t.co/QnBQedsCDN https://t.co/3F8sEo50pW — PolitiTweet.org
Paul Krugman @paulkrugman
Not sure what the broader significance is, but if it did happen, it would be interesting to know the culprits! 4/ — PolitiTweet.org
Paul Krugman @paulkrugman
The hypothesis is that oil is an upside-down version of this story. With storage capacity already full, some individual or group may have taken a short position in oil futures, then arranged delivery of extra oil to the hub at Cushing 3/ — PolitiTweet.org
Paul Krugman @paulkrugman
These things happen. The California electricity crisis of 2000-2001 was largely caused by market manipulation — withholding supply to drive up prices 2/ https://t.co/MVYaJtlDsM — PolitiTweet.org
Paul Krugman @paulkrugman
The basic story of negative oil prices is that demand has collapsed. But there may be some market manipulation on top 1/ https://t.co/lkMTPuIe71 — PolitiTweet.org
Paul Krugman @paulkrugman
Surprise: red states that tried to make unemployment insurance hard to get aren't managing to help their unemployed https://t.co/OXNcWoH2lJ https://t.co/zrnFruFs6I — PolitiTweet.org
Paul Krugman @paulkrugman
A political movement that demands absolute loyalty considers quacks more reliable than genuine experts https://t.co/V6RUaq5mPi — PolitiTweet.org
Paul Krugman @paulkrugman
Part 2 2/ https://t.co/YEN1Idu74e — PolitiTweet.org
Paul Krugman @paulkrugman
The art of the ineffective deal, Part 1 1/ https://t.co/kfu4AhElsZ — PolitiTweet.org
Paul Krugman @paulkrugman
He's kind of the Dr. Oz of economics, except with fewer qualifications and without the charm. So why is he still such a member in good standing with the right? Why can't they find better hacks? 6/ https://t.co/iKfaZMTYci — PolitiTweet.org
Paul Krugman @paulkrugman
About Obamacare 5/ https://t.co/5nSwdLVxw7 — PolitiTweet.org
Paul Krugman @paulkrugman
About employment numbers 4/ https://t.co/hCnte39Eer — PolitiTweet.org
Paul Krugman @paulkrugman
And he has a remarkable track record, not just of bad predictions, which everyone makes (but not as consistently) but of peddling fake numbers. He lied about tax rates 3/ https://t.co/12Zyimpts7 — PolitiTweet.org
Paul Krugman @paulkrugman
But a slightly different question: why is Moore still a White House adviser and a member of the economic recovery council? After all, he managed to get rejected for the Federal Reserve Board because even Republicans considered him unqualified 2/ — PolitiTweet.org
Paul Krugman @paulkrugman
So Stephen Moore has emerged as the public voice of Friends of Covid-19, the astroturf uprising against efforts to contain the virus, comparing protesters to Rosa Parks. This is, of course, grotesque 1/ https://t.co/VIs5A4h1FK — PolitiTweet.org
Paul Krugman @paulkrugman
Europe only started to underperform when the euro crisis and austerity mania hit 3/ — PolitiTweet.org
Paul Krugman @paulkrugman
One thing people forget is that in the first two years after the 2008 crisis US employment did much worse than Europe. Changes in U from pre-crisis trough: 2/ https://t.co/1sv2Vhw6UR — PolitiTweet.org
Paul Krugman @paulkrugman
Early indications are that European job losses are much smaller than US; it will be a couple of months before we have hard data 1/ https://t.co/YAHmJVu5hg — PolitiTweet.org
Paul Krugman @paulkrugman
RT @nytopinion: . @PaulKrugman responded to readers commenting on his column "Starve the Beast, Feed the Depression" Read their exchanges… — PolitiTweet.org
Paul Krugman @paulkrugman
Not sure there are violins tiny enough to play here https://t.co/1wZn6Ii7EJ — PolitiTweet.org
