Paul Krugman

Paul Krugman @paulkrugman

This, totally. Every single Dem candidate is a vastly better human being than Trump; every one believes in rule of law and democracy. Also, the parties are very different 1/ — PolitiTweet.org

Paul Krugman @paulkrugman

I still think this was a political mistake for Dems. But I could be wrong; apparently Dems got so much that the Mexicans may be balking 10/ https://t.co/ZpBB22nnI5 — PolitiTweet.org

Paul Krugman @paulkrugman

Oh, one more thing. Trump wimped out early on trade war with Mexico, basically leaving NAFTA intact but trying to stick his name on it. Even so, he ended up having to buy Dem support with concessions to labor 9/ https://t.co/ByeM9kDOLl — PolitiTweet.org

Paul Krugman @paulkrugman

Now, Trump may not suffer politically. Elections turn not on how good things are, but on whether they're perceived as getting better. This actually gives politicians an incentive to do stupid things for a while, then stop around a year before the election. Sound familiar? 8/ — PolitiTweet.org

Paul Krugman @paulkrugman

Second, the Chinese have learned the same lesson North Korea's Kim learned: Trump talks loudly but carries a small stick, and can be rolled. Trump has made us weak, neither trusted by our allies nor feared by our enemies 7/ — PolitiTweet.org

Paul Krugman @paulkrugman

Furthermore, even if we do get a sustained deal — which is still far from certain — the whole episode will have two big long-run costs. First, business uncertainty about capricious policy is here to stay 6/ https://t.co/bLKZCf4mI8 — PolitiTweet.org

Paul Krugman @paulkrugman

As a result, farmers have suffered, with a number going bankrupt, despite a bailout *twice the size of Obama's auto bailout* 5/ https://t.co/hZlIEojcvz — PolitiTweet.org

Paul Krugman @paulkrugman

Actually US export prices to China fell more, probably bc the Chinese found it easier to find alternatives to US soybeans etc than we found alternatives to Chinese products 4/ https://t.co/2wZ942EqBO — PolitiTweet.org

Paul Krugman @paulkrugman

One reason is that despite many, many false claims by Trump, US consumers paid the tariffs — which we can see by the fact that Chinese export prices didn't fall 3/ https://t.co/K93ykcgEff https://t.co/2YKx5GWT2s — PolitiTweet.org

Paul Krugman @paulkrugman

That's certainly how the Chinese see it. Trump tried to bully them; they hung tough; and are basically ending up where they started, buying agricultural products while selling us increasingly sophisticated manufactured goods 2/ https://t.co/akDz4MGiIz — PolitiTweet.org

Paul Krugman @paulkrugman

Going in to the end of the year, Trump is going to be claiming victory in his trade war. The truth is that there are almost never winners in trade wars — but there are losers. And however Trump may try to spin this, he lost 1/ — PolitiTweet.org

Paul Krugman @paulkrugman

In the end I went with NYT (which is now essentially Medicare Advantage, since I'm 66, but looks the same to me as before). And the reason I went that way was that The Times offered me a gratifying lack of choice 3/ — PolitiTweet.org

Paul Krugman @paulkrugman

I'm fairly numerate, and even write about health care. But I couldn't figure out the difference between the CUNY plans. So I asked HR if they could summarize the differences. They said no 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

OK, true story: when I moved from Princeton, I could get health insurance either from the NYT or from CUNY (yes, I've been very privileged). NYT offered one option; CUNY 19 different plans 1/ — PolitiTweet.org

Paul Krugman @paulkrugman

RT @nytimes: The White House called the deal in the trade war with China a win. But in Beijing, the deal may be seen by hard-line supporter… — PolitiTweet.org

Paul Krugman @paulkrugman

Tell me again how there's no money illusion? 6/ — PolitiTweet.org

Paul Krugman @paulkrugman

I think its influence has waned recently, although it's hard to be sure, since nobody in that camp ever admits being wrong about anything. But anyway, it's fascinating to see that the price of streamed music has stayed flat for many years 5/ https://t.co/K4ylf8fQjV — PolitiTweet.org

Paul Krugman @paulkrugman

But a large part of the profession insisted that because rational individuals wouldn't have any money illusion, it must not exist, so monetary policy must be useless (and let's not even get into fiscal policy). And this view gained a stranglehold over many journals 4/ — PolitiTweet.org

Paul Krugman @paulkrugman

This implied, among other things, that increasing the money supply could have real effects, boosting the economy in a slump rather than just causing inflation. And it was a view supported by a lot of evidence 3/ — PolitiTweet.org

Paul Krugman @paulkrugman

Economists of my generation came of intellectual age amidst a bitter civil war in macroeconomics, dominated by the question of how prices respond to changes in overall demand. More or less Keynesian economists argued that prices are sticky, responding only sluggishly 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

A bit of wonkishness based on, of all things, an article in Rolling Stone about music streaming 1/ https://t.co/hS0R8SJZBV — PolitiTweet.org

Paul Krugman @paulkrugman

So I hope everyone keeps the stakes in mind, and realizes that next year demanding the perfect and pure isn't just the enemy of the good; it could be the end of American democracy 3/ — PolitiTweet.org

Paul Krugman @paulkrugman

That said, some on the US left share a Corbynite tendency to demand purity and call center-left politicians as bad as Republicans. This was a factor in 2016, and it's disturbing to see Sanders doing events with people who supported Jill Stein 2/ https://t.co/f9eyZKIQDx — PolitiTweet.org

Paul Krugman @paulkrugman

This is a good, sober summary. Corbyn was an especially divisive figure in a way that even Bernie Sanders isn't; on the other hand, the UK election offered little support for the idea that progressive policies can win over the white working class 1/ https://t.co/0wPbmYk5jT — PolitiTweet.org

Paul Krugman @paulkrugman

RT @nytopinion: .@PaulKrugman responded to readers who commented on his column, "The Party That Ruined the Planet." You can read more of th… — PolitiTweet.org

Paul Krugman @paulkrugman

And I don't think he can pull the same trick again. Dems should probably hammer Trump on his policy lies, not just his ethical cesspool 3/ — PolitiTweet.org

Paul Krugman @paulkrugman

Now, Trump did the same thing in 2016, promising to raise taxes on the rich, not cut social programs, etc. He was lying, and has governed like Paul Ryan — a big reason Dems retook the House 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

I know zilch about UK politics. However, worth noting that Johnson promised to move policy left, not right: end to austerity, more resources for NHS. We'll see what he actually does, but that's what he said 1/ — PolitiTweet.org

Paul Krugman @paulkrugman

RT @nytopinion: "Republican climate denial is rooted in the same kind of depravity that we’re seeing with regard to Trump," says @paulkrugm… — PolitiTweet.org

Paul Krugman @paulkrugman

The Party That Ruined the Planet https://t.co/klVztTdD2e — PolitiTweet.org