Paul Krugman

Paul Krugman @paulkrugman

RT @nytopinion: @PaulKrugman replied to comments on his column, "Why Does America Hate Its Children?" You can read his exchanges with reade… — PolitiTweet.org

Paul Krugman @paulkrugman

The right headline https://t.co/Qoa3Hy6Fp4 — PolitiTweet.org

Paul Krugman @paulkrugman

RT @MichaelSLinden: The answer to this specific question was discussed in Brooks's own paper. @ernietedeschi showed that higher minimum wag… — PolitiTweet.org

Paul Krugman @paulkrugman

You might think that some people who spent the past decade pushing false equivalence would face up to their past errors, and give some credit to those who saw the reality clearly. But I don't think it will ever happen 3/ — PolitiTweet.org

Paul Krugman @paulkrugman

For years some of us — people like me, Norm Ornstein, and of course Greg Sargent — tried to point out how radical, dishonest, and undemocratic the GOP had become. The response was that we were "shrill" and angry. And it still is! 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

All of these stories about supposedly reasonable GOP politicians going full Trump make me feel depressed about ... centrists 1/ https://t.co/8K93KXAGTW — PolitiTweet.org

Paul Krugman @paulkrugman

The area is, by the way, lovely, with excellent cycling trails. I did, however, kind of OD on schnitzel 3/ — PolitiTweet.org

Paul Krugman @paulkrugman

What was funny was that tour guides scrambled the fictional and the real together, pretty much indistinguishably: "This is where Emperor Franz Josef kept his mistress, and this is the church where Maria got married." 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

Funny story that inspires a personal reminiscence: some years ago I did a cycling tour in Austria's lake country, which was where much of The Sound of Music was filmed 1/ https://t.co/AzbnZZoPjW — PolitiTweet.org

Paul Krugman @paulkrugman

I'd add that even to the extent that free-market forces drive market inequality — which is dubious — tax and spending policy can offset much of this rise. Not doing so is a choice 4/ — PolitiTweet.org

Paul Krugman @paulkrugman

Bear in mind that CEOs get lavishly rewarded even when they screw up massively. 3/ https://t.co/hV1HU2m8Ko — PolitiTweet.org

Paul Krugman @paulkrugman

Consider just one piece of data: CEO pay. Do we really thing CEOs have gotten hugely better since the 1960s, while workers haven't? 2/ https://t.co/3oGkd0g9Bj — PolitiTweet.org

Paul Krugman @paulkrugman

My colleague David Brooks asserts that rising inequality is about productivity, not power. People used to say that a lot, but the preponderance of economic analysis has moved the other way, for good reasons 1/ https://t.co/cCuA1G4u86 — PolitiTweet.org

Paul Krugman @paulkrugman

Our awful treatment of children should be front and center in political debate https://t.co/3I2rQDvCBo — PolitiTweet.org

Paul Krugman @paulkrugman

RT @ChadBown: Not tackling China's subsidies is a giant hole in the phase one deal. There’s no way to get around it. We’re no closer today… — PolitiTweet.org

Paul Krugman @paulkrugman

So what the heck is going on? The numbers don't seem consistent either with each other or with general appearances. Honestly, I don't even have a hypothesis here. Anyone out there who understands this puzzle? 5/ — PolitiTweet.org

Paul Krugman @paulkrugman

Fwiw, the walking-around test suggests that Taiwan, while certainly not poor, is less advanced than South Korea (while the same test suggests that Korea is more or less comparable to Japan or W Europe) 4/ — PolitiTweet.org

Paul Krugman @paulkrugman

And Taiwanese wages are far below Korea, just 25 percent of US level. 3/ https://t.co/ldnoDhu7U4 — PolitiTweet.org

Paul Krugman @paulkrugman

According to standard international comparisons of GDP per capita at purchasing power, Taiwan is rich — much richer than Korea, and a bit above Germany (!!) But on a market value basis, it's well below Korea 2/ https://t.co/tSDqzvpgNe — PolitiTweet.org

Paul Krugman @paulkrugman

OK, a brief thread that's totally nonpolitical and also is basically about something that confuses me. I've been hanging out with May Cheng, Uwe Reinhardt's widow, and we're talking about the economy of Taiwan — and the numbers look weird 1/ — PolitiTweet.org

Paul Krugman @paulkrugman

If Trump were a private citizen, we'd be calling for an intervention — PolitiTweet.org

Paul Krugman @paulkrugman

RT @joshtpm: You wouldn't know it from this speech that this is Trump calling off his trade war that failed. — PolitiTweet.org

Paul Krugman @paulkrugman

Oh, and as I've said, pointing out reality led to a lot of hysterical reactions. The point is that monetary policy, like climate change, prefigured Trumpism before Trump 8/ https://t.co/pIYSu0O4VO — PolitiTweet.org

Paul Krugman @paulkrugman

And we're not talking about marginal figures. Prominent conservatives went all in on claims that the low-inflation Obama expansion was fake news; and some of them, like Shelton, are now being rewarded for their delusions 7/ — PolitiTweet.org

Paul Krugman @paulkrugman

And as for asking themselves what was wrong with their economic models — fuggedaboudit. What happened instead was a widespread turn to conspiracy theories: their bad predictions were actually right, but the deep state was covering up the grim reality. Sound familiar? 6/ — PolitiTweet.org

Paul Krugman @paulkrugman

OK, economists make bad calls, as I can attest — although I was completely right in these debates. The really telling thing, however, was the reaction of those who got it wrong. None, and I mean none, of them were willing to admit that they got it wrong 5/ https://t.co/JMh93mxNmR — PolitiTweet.org

Paul Krugman @paulkrugman

And steady job growth continued. By the way, see the break after the 2016 election? Neither can I. 4/ https://t.co/2I54GkqZBz — PolitiTweet.org

Paul Krugman @paulkrugman

The Keynesians were right. There was a brief blip in headline inflation, but core inflation stayed low — and the Fed's view that core is a much better guide was vindicated 3/ https://t.co/4yth3396SU — PolitiTweet.org

Paul Krugman @paulkrugman

Back in 2010-11, conservatives were sure of two things: the Fed's efforts to boost the economy would lead to runaway inflation, and Obamacare would lead to massive job destruction. Keynesians declared that neither would happen 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

Actually, with Trump trying to put Shelton on the Fed board, this calls for more context, and a trip down memory lane 1/ — PolitiTweet.org