Paul Krugman

Paul Krugman @paulkrugman

Case in point: I'm getting an unusual amount of hate mail over today's column, which was actually kind of understated. But apparently quoting Trump's own words and talking about what's actually happening makes you a left-wing extremist 2/ https://t.co/dbPkfFYsrC — PolitiTweet.org

Paul Krugman @paulkrugman

Trump's reaction is mirrored by his supporters, who are enraged whenever anyone points out troubling realities. Acknowledging facts means that you're an ideologue who hates Trump 1/ https://t.co/limfkl7uVy — PolitiTweet.org

Paul Krugman @paulkrugman

Anyway, great stuff — deep thinking with immediate real-world usefulness, produced very fast. Here's to good economics in bad times 7/ — PolitiTweet.org

Paul Krugman @paulkrugman

Imitation is the sincerest form of flattery, so I just wrenched my arm patting myself on the back. On the other hand, maybe what this shows is that I'm an old dog without any new tricks, and the whippersnappers know everything I know plus 6/ — PolitiTweet.org

Paul Krugman @paulkrugman

That is, they deal with dynamics by putting all shocks in period zero, then assume an unchanging future, which lets them do a quasi-one-period model. 5/ — PolitiTweet.org

Paul Krugman @paulkrugman

I have, however, failed in (b) — which is great. The authors have followed the strategy I always push, of model with minimum number of moving parts, using in particular a trick I used in my old liquidity trap paper 4/ https://t.co/ZEILV7bKNj — PolitiTweet.org

Paul Krugman @paulkrugman

But against this cutoff of some goods increases incentive to postpone consumption in general, plus lost incomes in affected sector lead to lower demand. So what we actually seem to see, which is deflationary overall impact, makes sense 3/ — PolitiTweet.org

Paul Krugman @paulkrugman

The key point is that locking down part of the economy *could* be expansionary/inflationary for the rest, bc people might switch demand over — u can't go to sports events, so you buy more booze. 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

Wonkish, self-indulgent, and self-aggrandizing: I've been reading this paper by Guerrieri et al more closely (a) to make sure I understand how it works (b) to see if there's a way to do it simply. I think I've succeeded in (a) 1/ https://t.co/gbtEAQiVnU — PolitiTweet.org

Paul Krugman @paulkrugman

This would be 5 times the slump relative to potential output in the Great Recession — happening in just a few weeks. — PolitiTweet.org

Paul Krugman @paulkrugman

And the evidence that we're not prepared to provide relief soon enough or to enough people continues https://t.co/wMsxoelc6G — PolitiTweet.org

Paul Krugman @paulkrugman

Simon Wren-Lewis wonders whether we'll see demands for austerity in the aftermath of Covid-19. In the US it all depends on who wins the election: if it's Biden, Republicans will suddenly rediscover the evils of government debt https://t.co/siVUEoTdXZ — PolitiTweet.org

Paul Krugman @paulkrugman

RT @mark_lynas: Conspiracy theories don't arise in a vacuum - they serve an agenda. The 5G COVID conspiracy theory has been assiduously pro… — PolitiTweet.org

Paul Krugman @paulkrugman

Against stupidity, the gods themselves contend in vain https://t.co/WnPDKXfbaO — PolitiTweet.org

Paul Krugman @paulkrugman

There are two seriously possible disaster scenarios for November: an election obviously stolen by voter suppression, or a Trump refusal to accept defeat. The legitimacy of democracy is at risk https://t.co/JwS7H6SMuC — PolitiTweet.org

Paul Krugman @paulkrugman

Decades of anti-government ideology have left us unprepared to deal with national disaster https://t.co/dbPkfFYsrC — PolitiTweet.org

Paul Krugman @paulkrugman

And the social safety net is much worse in the U.S. south than in Italy. This could be terrible 4/ https://t.co/7odG3t435d — PolitiTweet.org

Paul Krugman @paulkrugman

The parallels with the U.S. south are obvious. Mississippi has less than half the per capita GDP of New York 3/ https://t.co/0bXTin3gL2 — PolitiTweet.org

Paul Krugman @paulkrugman

It's notable that the economic hardship is worst in the south, which was late to the infection but poor to begin with. Campania has less than half Lombardy's GDP per capita 2/ https://t.co/TVKbOIXAru — PolitiTweet.org

Paul Krugman @paulkrugman

Italy is a model for our near future, and it suggests that things may be grim 1/ https://t.co/4YZ8sC1Ffy — PolitiTweet.org

Paul Krugman @paulkrugman

The decrepitude of government in a supposedly advanced country: NJ desperately seeking people who still know COBOL — ie, people who remember where they were when JFK was shot — to fix the UI system https://t.co/FS2NeWtxth — PolitiTweet.org

Paul Krugman @paulkrugman

RT @pelhamprog: The Trump-Scalia Dept of Labor released new regulatory guidance for the new pandemic #unemployment assistance (PUA) program… — PolitiTweet.org

Paul Krugman @paulkrugman

RT @GC_CUNY: Prof. @PaulKrugman discusses the dire economic situation in the U.S. and beyond during an appearance on CNN's @FareedZakaria G… — PolitiTweet.org

Paul Krugman @paulkrugman

RT @ThePlumLineGS: I've compiled a detailed timeline comparing public statements about coronavirus by @JoeBiden with statements by @realDon… — PolitiTweet.org

Paul Krugman @paulkrugman

RT @sam_a_bell: if only we were as technologically advanced as our northern cousins “Applicants who set up direct deposit are expected to r… — PolitiTweet.org

Paul Krugman @paulkrugman

Suggests that when things level off we'll have lost at least 15-20 million jobs — PolitiTweet.org

Paul Krugman @paulkrugman

Worth finding out whether, in addition to the desire for a miracle cure, there are some financial incentives for Trump to hawk a particular drug 4/ — PolitiTweet.org

Paul Krugman @paulkrugman

Alex Jones peddled conspiracy theories as a vehicle for peddling nutritional supplements. Ben Shapiro, who is apparently the right's idea of an intellectual, is also in the patent medicine business 3/ https://t.co/CG926higoz — PolitiTweet.org

Paul Krugman @paulkrugman

Rick Perlstein documented "mail-order conservatism" long ago 2/ https://t.co/TaEXih9IHy — PolitiTweet.org

Paul Krugman @paulkrugman

May be relevant to note that there is a long, close association between right-wing activism and medical quackery 1/ — PolitiTweet.org