Paul Krugman

Paul Krugman @paulkrugman

The persistence — in the teeth of reality — of the belief that urbanized America is a cesspool of social collapse, while rural America is the exemplar of family values, is quite something to behold 1/ — PolitiTweet.org

Paul Krugman @paulkrugman

The truth is that these days Japan looks less like a cautionary tale than like a role model. Its performance only looks bad if you assume that the debt is a terrible problem, when all the evidence says that it isn't 4/ — PolitiTweet.org

Paul Krugman @paulkrugman

The Japanese have also avoided mass unemployment, and they're doing a much better job than we are of not dying 3/ https://t.co/dNYnjBoiR1 — PolitiTweet.org

Paul Krugman @paulkrugman

Dean looks at GDP per capita. But Japan's aging population means that you really want to look at GDP per working-age adult. And by that measure Japan's growth has been essentially the same as America's 2/ https://t.co/lC2HguVack — PolitiTweet.org

Paul Krugman @paulkrugman

Dean Baker goes after people who claim that Japan has suffered terribly from its debt burden, arguing that Japan has actually done pretty well. But he's wrong: Japan has done better than he says 1/ https://t.co/v8JdUXUyZN — PolitiTweet.org

Paul Krugman @paulkrugman

Let me, however, make a prediction: if a Democrat wins this year, and Rs still control the Senate, they'll suddenly discover that deficits are terrible and try to reimpose austerity. GOP economic policy in practice isn't conservative; it's politically weaponized Keynesianism 4/ — PolitiTweet.org

Paul Krugman @paulkrugman

And it wasn't just tax cuts, which seem to have been ineffective at raising business investment. More important has been that all the spending austerity Republicans forced on Obama went away suddenly with Trump in office 3/ https://t.co/QC2X4M7K79 — PolitiTweet.org

Paul Krugman @paulkrugman

What I realized is that much as I may have been distressed by Trump's election, what my economic models actually said was that bigger budget deficits would act as economic stimulus. What I didn't realize was just how big that stimulus would get 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

I don't know what the jobs report will say, but it will probably be pretty good. Now, as everyone knows, I made a bad call on election night 2016, letting emotions get the better of me. But I retracted that call just 3 days later 1/ https://t.co/y5rCRy7Ene — PolitiTweet.org

Paul Krugman @paulkrugman

America leads the advanced world in deaths of despair — and part of the reason is that despairing regions vote in self-destructive ways 5/ — PolitiTweet.org

Paul Krugman @paulkrugman

As it happens, Yamhill is part of Oregon's 1st Congressional district, which includes Portland suburbs, and voted 64% Democratic in 2018. But depressed counties in places like Kentucky overwhelmingly support politicians who try to slash minimum wages and take away health care 4/ — PolitiTweet.org

Paul Krugman @paulkrugman

What Kristof and WuDunn don't point out — understandably, since they weren't trying to do a political piece — is that many of the afflicted areas consistently vote for politicians who systematically make their problems worse 3/ — PolitiTweet.org

Paul Krugman @paulkrugman

I was also glad to see them argue that economic policies can at least mitigate the rural crisis. The research is really striking on this point 2/ https://t.co/0X6F4r4ID6 https://t.co/D9CjRSsTPc — PolitiTweet.org

Paul Krugman @paulkrugman

This is a fantastic if depressing article by Kristof and WuDunn; I was glad to see them say something I've been say… https://t.co/7TYWiwn5Zf — PolitiTweet.org

Paul Krugman @paulkrugman

But empirical work can also be deeply creative, even thrilling. There are a lot of really impressive young economists out there now. The state of economic research is good, even if people in power aren't interested in evidence 4/ — PolitiTweet.org

Paul Krugman @paulkrugman

Now, times have changed. The idealized model of a perfectly competitive economy no longer has the kind of grip it had 50 years ago, and the payoff to clever deviations from that model is much lower; these days the action is largely in empirical work. 3/ — PolitiTweet.org

Paul Krugman @paulkrugman

I can relate. I wrote a somewhat similar essay many years ago, "How I work" (included in my new book) https://t.co/tYTVNdbO5O in which I said something similar 2/ https://t.co/hdGWzpfQ3E — PolitiTweet.org

Paul Krugman @paulkrugman

This is a lovely essay by George Akerlof on how he came up with his famous "lemons" paper. https://t.co/VupTBp8SRw I was especially struck by this passage: 1/ https://t.co/nmzzvxjEjp — PolitiTweet.org

Paul Krugman @paulkrugman

Climate denial will persist through hell and high water — literally https://t.co/JnzuiF0l4n via @NYTOpinion — PolitiTweet.org

Paul Krugman @paulkrugman

RT @nytopinion: "In a rational world," @PaulKrugman writes, "the burning of Australia would be a historical turning point" https://t.co/NNl… — PolitiTweet.org

Paul Krugman @paulkrugman

RT @ObsoleteDogma: This is a point @paulkrugman has made many times: the Trump tariffs are, like everything else with this administration,… — PolitiTweet.org

Paul Krugman @paulkrugman

Since Trump is claiming credit for a fall in cancer deaths, I assume he'll claim credit for this too https://t.co/4b1127tWZ8 — PolitiTweet.org

Paul Krugman @paulkrugman

And both sides are wrong. — PolitiTweet.org

Paul Krugman @paulkrugman

RT @jonathanchait: What makes this smear so Orwellian is that, while opposing war does not mean loving the bad guys, Trump actually does lo… — PolitiTweet.org

Paul Krugman @paulkrugman

When I interviewed Nancy Pelosi onstage in 2018, I noted that the ACA has been surprisingly robust, and asked her how the wonks who put it together interacted with the political pros like her. Her answer: "I am a wonk" https://t.co/IrtiDrp8Is — PolitiTweet.org

Paul Krugman @paulkrugman

RT @larry_levitt: It's getting harder for states to turn their backs on expanding Medicaid for low-income people with the federal governmen… — PolitiTweet.org

Paul Krugman @paulkrugman

I thought this dog wouldn't wag, but to be honest wasn't confident. But 2020 really, really isn't 2002. — PolitiTweet.org

Paul Krugman @paulkrugman

RT @jbarro: LOL https://t.co/f5l81WBT1X https://t.co/qSEZPolEOA — PolitiTweet.org

Paul Krugman @paulkrugman

Deleted original tweet. Times thinks it may have been a scam. Anyway, will have more security in future — PolitiTweet.org

Paul Krugman @paulkrugman

The Times is now on the case. — PolitiTweet.org