Paul Krugman

Paul Krugman @paulkrugman

The difference is that housing supply in the Bay Area is constrained, partly by geography but mainly by NIMBYism, while Atlanta has highly elastic supply. Hard to see why similar issues wouldn't apply in the UK 3/ — PolitiTweet.org

Paul Krugman @paulkrugman

I guess this could be true for Britain. But it's absolutely not true for the US, where there has been huge divergence between metro areas that all face the same interest rates. Real house prices in SF and Atlanta 2/ https://t.co/uepKYxSOan — PolitiTweet.org

Paul Krugman @paulkrugman

Totally off topic and self-indulgent. But to my surprise I find myself disagreeing with Simon Wren-Lewis, who argues that high housing prices are all about low interest rates and that supply constraints aren't important 1/ https://t.co/wiNIgxjkJo — PolitiTweet.org

Paul Krugman @paulkrugman

Now, you might say that DOJ says it's OK. Just two words: William Barr 4/ — PolitiTweet.org

Paul Krugman @paulkrugman

Pretty sure that's just plain illegal. Congress ceded some trade policy to the executive branch, but it didn't make him a dictator free to set tariffs wherever he likes without even offering an explanation 3/ — PolitiTweet.org

Paul Krugman @paulkrugman

Trump is threatening 25 percent tariffs on European autos, supposedly to protect national security. That's absurd, and a clear abuse of presidential power. But wait, it gets worse: admin won't even release the report supposedly justifying its actions 2/ https://t.co/M0aAbP7o0c — PolitiTweet.org

Paul Krugman @paulkrugman

Every time you think you've grasped the awfulness of the Trump administration, you discover new frontiers of contempt for rule of law. Even as Rs try to cover for abuse of power on one front, another is opening in trade policy 1/ — PolitiTweet.org

Paul Krugman @paulkrugman

RT @walterdellinger: Schiff is not just good. Today is one of the most impressive performances by a lawyer I have ever seen. — PolitiTweet.org

Paul Krugman @paulkrugman

I'm sure they can fix this with a Sharpie — PolitiTweet.org

Paul Krugman @paulkrugman

RT @AndrewHallCan: Trump's phase one deal with China is basically a hoax - "Fortunately for the White House, the deal is structured so th… — PolitiTweet.org

Paul Krugman @paulkrugman

Unless you’re doing economics, in which case you call them “agents” and assume that they are perfectly rational — PolitiTweet.org

Paul Krugman @paulkrugman

Stray thought watching Adam Schiff: some of the Dem prez candidates are impressive, but their Congressional leadership is awesome. On this front, at least, the party is doing something right. — PolitiTweet.org

Paul Krugman @paulkrugman

RT @crampell: The Trump administration provided more taxpayer dollars to farmers financially damaged by the administration’s trade policies… — PolitiTweet.org

Paul Krugman @paulkrugman

Disliking Sanders is OK. Not committing to support him if he is the nominee isn't. If you are horrified by Trump, y… https://t.co/jRPH8l55Ns — PolitiTweet.org

Paul Krugman @paulkrugman

The prized Gordon Gekko endorsement — PolitiTweet.org

Paul Krugman @paulkrugman

I'm shocked, shocked to learn that Trump's China deal, which was basically a capitulation even as described, appears to be largely fake — PolitiTweet.org

Paul Krugman @paulkrugman

Also, I really don't understand that apparent media consensus that Biden was wrong to call the video "doctored." If you snip out part of a speech to make it seem that someone was saying something he wasn't, how is that different, morally or substantively, from "doctoring"? 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

Sanders apologizes, sort of, for misrepresenting Biden on Social Security, saying that his campaign didn't give the… https://t.co/b78YDTrQ8F — PolitiTweet.org

Paul Krugman @paulkrugman

There's plenty to criticize about Biden's record. Pretending he said something he didn't is not the way to do it https://t.co/iF1fLCMi3y — PolitiTweet.org

Paul Krugman @paulkrugman

This is a really bad look. It illustrates everything that makes many Democrats distrust the Sanders team — and the buck stops with the candidate — PolitiTweet.org

Paul Krugman @paulkrugman

By the way, here's the blow by blow of what the Sanders people did 6/ https://t.co/IvfTihtTyX — PolitiTweet.org

Paul Krugman @paulkrugman

And the evident decision of Sanders and associates to double down rather than apologize for an error is deeply disturbing. Progressives are supposed to be better than this 5/ — PolitiTweet.org

Paul Krugman @paulkrugman

Biden's record on this and other issues is part of what makes me nervous about his willingness to confront the modern GOP. And it's fair game for Dem rivals. But it's NOT an excuse for lying about what he's said more recently 4/ — PolitiTweet.org

Paul Krugman @paulkrugman

Now, there's a quite different issue involving Biden's past positions. He was for years a member in good standing in DC's Very Serious People, who insisted that Social Security was in crisis and needed cuts. I spent years crusading against that dogma 3/ https://t.co/Z2gZk03ErO — PolitiTweet.org

Paul Krugman @paulkrugman

Biden was attacking Paul Ryan's agenda; the campaign snipped out a few words to make it seem as if he was endorsing that agenda. And it's refusing to acknowledge that this was wrong, which is really bad 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

Some progressives seem to be having trouble understanding the difference between two issues in this Biden-Sanders confrontation. The first is whether the Sanders campaign lied about what Biden said in 2018. Yes, it did 1/ https://t.co/Tv3tghxfLZ — PolitiTweet.org

Paul Krugman @paulkrugman

I wrote yesterday about how America mistreats its children, including serving them unhealthy school lunches. Right on cue: https://t.co/AyRxB9DIYi — PolitiTweet.org

Paul Krugman @paulkrugman

Democrats really, really shouldn't be making Medicare for All a purity test. There are multiple ways to achieve universal health care https://t.co/gqymnfmoFH — PolitiTweet.org

Paul Krugman @paulkrugman

And for what it's worth, it's not even very good economics. Carbon pricing is the Econ 101 answer, but it ignores the role of government in promoting innovation. The spectacular progress in renewables argues that public investment should be central to climate strategy 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

This argument is plausible — if you've spent the past 25 years in a cave somewhere. The modern GOP denies climate change and denounces carbon pricing as a tax increase that will destroy the economy. You might as well propose invoking magic unicorns 1/ — PolitiTweet.org