Paul Krugman

Paul Krugman @paulkrugman

I usually ignore Twitter trolls, but it’s kind of amazing how much rent-free space I seem to occupy in Trump’s head. Shouldn’t he be focused on threatening Adam Schiff? — PolitiTweet.org

Paul Krugman @paulkrugman

The tariff beatings will continue until morale improves https://t.co/H4nHLFEaHk — PolitiTweet.org

Paul Krugman @paulkrugman

I'd argue that the Econ 101 argument for pollution control actually understates the case: the tail risks of climate… https://t.co/AtaaIgKx0O — PolitiTweet.org

Paul Krugman @paulkrugman

And for what it's worth, there's overwhelming support — bipartisan support, although sensible conservatives are, I believe, in denial about what the GOP has become — among economists for carbon pricing 4/ https://t.co/VjCEJMfRdd https://t.co/ElzKj2y81i — PolitiTweet.org

Paul Krugman @paulkrugman

We've seen this movie before. Business groups warned that measure to limit acid rain would be catastrophically cost… https://t.co/Wy8vqNgWnF — PolitiTweet.org

Paul Krugman @paulkrugman

Ordinarily, the right has infinite faith in the creativity and adaptability of the private sector. But it somehow believes that businesses would simply curl up into sobbing balls if faced with, say, a carbon tax — as opposed to finding innovative ways to respond 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

A few further thoughts about climate economics. I've noted before that a peculiar thing happens to conservative brains when they consider policies to mitigate pollution 1/ https://t.co/v6q4hBYn38 — PolitiTweet.org

Paul Krugman @paulkrugman

Has there ever been a team with so much unearned arrogance? Btw, Thunberg is right about the economics 2/ https://t.co/v6q4hBYn38 — PolitiTweet.org

Paul Krugman @paulkrugman

So Mnuchin, who thinks tax cuts pay for themselves, says Greta Thunberg should study economics; and Mike Pompeo las… https://t.co/HRfiZSJRGj — PolitiTweet.org

Paul Krugman @paulkrugman

RT @JustinWolfers: Here's what Greta would learn in Economics 101: Allowing companies to freely pollute the atmosphere leads to terrible ou… — PolitiTweet.org

Paul Krugman @paulkrugman

RT @nytopinion: .@PaulKrugman responded to readers who commented on his column, "Trump Is Abusing His Tariff Power, Too." Read their exchan… — PolitiTweet.org

Paul Krugman @paulkrugman

Oh, and my publisher will yell at me if I don't mention that you can read much more about zombies and cockroaches in my new book, coming out next Tuesday 11/ https://t.co/Dm7otsBgCo — PolitiTweet.org

Paul Krugman @paulkrugman

Anyway, ignore both the zombies and the cockroaches. Yes, the tax cut blew up the budget deficit 10/ — PolitiTweet.org

Paul Krugman @paulkrugman

And for those wondering why the economy is still chugging along, that's why. Trumpism in practice is very Keynesian. It's a highly inefficient stimulus, with not much bang for the buck (multiplier about 0.7, for the nerds). But it is stimulus. 9/ — PolitiTweet.org

Paul Krugman @paulkrugman

Now, $300 billion at an annual rate is a lot of money. It's almost as big as the annualized rise in the deficit associated with the Obama stimulus at its peak — but taking place in an economy with low unemployment 8/ https://t.co/Jep8ZaDA1u — PolitiTweet.org

Paul Krugman @paulkrugman

Here's what that comparison looks like. Revenue is about $220 billion less than expected, spending about $70 billion higher, so the overall deficit has gone up almost $300 billion relative to expectations 7/ https://t.co/splWT5114L — PolitiTweet.org

Paul Krugman @paulkrugman

If you want to assess the Trump tax cut, you want to compare actual revenues with what might have been expected oth… https://t.co/FwDKyLmzzS — PolitiTweet.org

Paul Krugman @paulkrugman

Why is this stupid? Because we have a growing economy with at least some inflation. In a normal year dollar GDP rises around 4%, so we expect revenues to go up every year there isn't a recession. 5/ — PolitiTweet.org

Paul Krugman @paulkrugman

The big cockroach you often encounter in tax policy is the claim that tax cuts can't have increased the deficit because revenue has increased over the past year or two 4/ https://t.co/yMo6iTx1bw — PolitiTweet.org

Paul Krugman @paulkrugman

A cockroach idea is slightly different: it's a bad idea that you sometimes do manage to get rid of — for a while. But it just keeps coming back. (Note, since some people are sensitive about such things: I am not calling any individual a cockroach — just some of their ideas) 3/ — PolitiTweet.org

Paul Krugman @paulkrugman

A zombie idea is a view that should have died long ago in the face of negative evidence, but just keeps shambling a… https://t.co/Deiqmm8kS3 — PolitiTweet.org

Paul Krugman @paulkrugman

I am not at Davos (thank God). I have, however, been seeing snippets, including Steve Mnuchin still claiming that the Trump tax cut is paying for itself. So this seems like a good time for a brief thread on tax cuts, zombies, and cockroaches 1/ — PolitiTweet.org

Paul Krugman @paulkrugman

Book tour, more readable version https://t.co/LscOapqXjB — PolitiTweet.org

Paul Krugman @paulkrugman

Why the auto tariff story looks a lot like Ukraine extortion https://t.co/wGg5SUk3V6 — PolitiTweet.org

Paul Krugman @paulkrugman

More generally, serious economic analysis says that large reductions in carbon emissions would have surprisingly lo… https://t.co/tbGzWDkbo6 — PolitiTweet.org

Paul Krugman @paulkrugman

The man who predicted that the Trump tax cut would pay for itself says Greta Thunberg needs lessons in economics 1/ https://t.co/me4dhgNhzD — PolitiTweet.org

Paul Krugman @paulkrugman

Will working-class Trump supporters ever understand how completely and systematically he is betraying their trust? https://t.co/eMlMFdUtlY — PolitiTweet.org

Paul Krugman @paulkrugman

You know what's really gratifying as a commentator? When a phrase you coined (leprechaun economics) is widely used without attribution. No, really — it means you've changed the discourse. Also, the Irish thought it was funny — PolitiTweet.org

Paul Krugman @paulkrugman

Dan Drezner is milder than I would be — not surprising — but gets the basic point: claiming that Republicans can be… https://t.co/k7ALeFsyAz — PolitiTweet.org

Paul Krugman @paulkrugman

Going to repost book tour info https://t.co/lypSlPIVtU — PolitiTweet.org