Paul Krugman

Paul Krugman @paulkrugman

Today this would be lie #15000 or something like that, white nationalists are the big terrorists, and people are sick of Middle East wars. I don’t think this dog will wag 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

Agreed. I remember 2002. Many people found the notion that a president would lie us into war inconceivable. And people thought of Iraq as connected to 9/11, even though it wasn’t. 1/ — PolitiTweet.org

Paul Krugman @paulkrugman

Weather involves a lot of randomness. That makes the effects of global warming worse, because extremes become more likely https://t.co/Zbdajz2rc2 — PolitiTweet.org

Paul Krugman @paulkrugman

Indeed. A thought: in the 20 years I've been writing for the Times, there was only one major issue I followed in which the media didn't seem to engage in bothesidesism: fiscal policy. Unfortunately it took the wrong side, backing austerity. — PolitiTweet.org

Paul Krugman @paulkrugman

I don't actually believe in Hell. But if it does exist, it should have a special place for climate science deniers who are motivated by political or financial convenience — which is basically all of them 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

The climate crisis is already here, although this kind of thing is only its leading edge 1/ https://t.co/M94Ebb3KRZ — PolitiTweet.org

Paul Krugman @paulkrugman

The obsession with deficits after the 2008 crisis helped cause the crisis of democracy https://t.co/7KTPTDyWyb — PolitiTweet.org

Paul Krugman @paulkrugman

RT @nytopinion: "It’s good for me to be reminded of how gnarly issues of gender remain for many readers," writes @JennyBoylan. Jenny and ot… — PolitiTweet.org

Paul Krugman @paulkrugman

Hey, this is what working-class guys in diners wanted, wasn't it? What was the phrase — "fill the swamp" or something https://t.co/9eCDzi2OWp — PolitiTweet.org

Paul Krugman @paulkrugman

Remember, it's not socialism when you give money to rural white people https://t.co/6e3fVCDLpf — PolitiTweet.org

Paul Krugman @paulkrugman

Most of the vileness in American politics today comes from the right — but that's because the right has far more power than the left. Given the chance, some on the left would be just as bad https://t.co/AZGvIIxRhs — PolitiTweet.org

Paul Krugman @paulkrugman

RT @DeanBaker13: Job killing robot myth has no evidence to support it, but is widely repeated. It's climate denialism for the elites https:… — PolitiTweet.org

Paul Krugman @paulkrugman

Also, pro tip: pdfs of technical papers — or review copies of new books — tend to be unreadable on the Kindle, but generally work just fine on an iPad. 3/ — PolitiTweet.org

Paul Krugman @paulkrugman

Fwiw, I don't do ebooks mainly for either the adjustable type size or not having to go to the bookstore. I do it because I move around a lot, and find it a lot easier to travel with a 182-gram library of hundreds of books than a 10-pound stack of processed wood fiber 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

OK, I learned something. I thought I was being cutting-edge by mainly reading ebooks. It turns out that this is a boomer thing, and younger people prefer paper! 1/ https://t.co/tEiiR5f0gK — PolitiTweet.org

Paul Krugman @paulkrugman

So I'd say that it's misleading to see all this as a change in economic philosophy. It's really about politically weaponized Keynesianism: austerity for thee, stimulus for me 7/ — PolitiTweet.org

Paul Krugman @paulkrugman

Well, here's a comparison: growth during Obama's 2nd term versus growth since the Trump tax cut. You may be surprised to learn that there was only a slight acceleration. And ALL of it (and then some) can be explained by the shift toward stimulus 6/ https://t.co/sVhNIEsLtg — PolitiTweet.org

Paul Krugman @paulkrugman

The US didn't do anything that dramatic, but as the Hutchins Center estimate shown above shows, it did have significant austerity under Obama, which changed to stimulus under Trump. How much has that mattered? 5/ https://t.co/MsCavGVV2b — PolitiTweet.org

Paul Krugman @paulkrugman

And here's what happened during the years of panic-driven austerity (measured by the change in the IMF's measure of the structural budget balance) 4/ https://t.co/yA0a9ldHIU — PolitiTweet.org

Paul Krugman @paulkrugman

After all, one overwhelming lesson of the past decade is that Keynesian economics works. In particular, austerity in a depressed economy really hurts. Exhibit A is the euro crisis, where a financial panic led to austerity in some but not all countries. Here's the panic: 3/ https://t.co/3d5xFORnZv — PolitiTweet.org

Paul Krugman @paulkrugman

And Trump has absolutely kept faith with the real Republican priority: afflicting the afflicted while comforting the comfortable. Still, the shift from fiscal austerity to stimulus now that Rs control the White House is striking 2/ https://t.co/wjfcK0Du0f — PolitiTweet.org

Paul Krugman @paulkrugman

In some ways this article is credulous; it talks about Trump abandoning "traditional Republican concerns" about the deficit. There's actually no evidence the GOP ever cared about deficits, except as a stick to beat Democrats. 1/ https://t.co/uOC5VzP3hK — PolitiTweet.org

Paul Krugman @paulkrugman

I talk robots and health reform with Ezra Klein https://t.co/G7fgW086T3 — PolitiTweet.org

Paul Krugman @paulkrugman

Why are some Americans more equal than others? https://t.co/ulBYex5xfG — PolitiTweet.org

Paul Krugman @paulkrugman

If you're worried that malefactors of great wealth may have too much influence over Pete Buttigieg ... your worries may be justified. I mean, taking advice from Zuckerberg given all we know about Facebook ... https://t.co/l0EOM2Bx4L — PolitiTweet.org

Paul Krugman @paulkrugman

So the story of the Trump economy is that mostly it's a continuation of the Obama trend, but with the addition of politically weaponized Keynesianism: austerity for Dems, stimulus for Trump 5/ — PolitiTweet.org

Paul Krugman @paulkrugman

But you know what has been boosting the economy? Government spending. Austerity was a big drag on the economy as long as a Dem was in the White House; it suddenly went away under Trump 4/ https://t.co/HEp8GiFYf0 — PolitiTweet.org

Paul Krugman @paulkrugman

But there has been no sustained rise in business investment. It went up a bit in 2018, but that was mainly fracking due to higher oil prices; and now it's basically back down to pre-cut levels 3/ https://t.co/vWh7ypmIS0 — PolitiTweet.org

Paul Krugman @paulkrugman

If you want some sense of scale, that's almost 3 times the *total* cost of the food stamp program 2/ https://t.co/UebNgyhUWC — PolitiTweet.org

Paul Krugman @paulkrugman

The usual suspects are out there trying to claim that the Trump tax cut was a big success. So let's look at the numbers. First, corporate taxes have been slashed by more than half, down around 0.75% of GDP since 2017Q3 1/ https://t.co/lsMj42qe1i — PolitiTweet.org