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Paul Krugman @paulkrugman
This Brent Staples essay on how Italians became "white" is excellent, and extremely relevant to today's politics 1/ https://t.co/X7A8IlzSiN — PolitiTweet.org
Paul Krugman @paulkrugman
Somehow you never read news analyses about how this sort of thing alienates the vast majority of Americans who are religiously tolerant and are scared by zealots https://t.co/GrCY3mlxAD — PolitiTweet.org
The Hill @thehill
Attorney General Bill Barr: "This is not decay. This is organized destruction. Secularists and their allies have ma… https://t.co/cwtUYBN5X8
Paul Krugman @paulkrugman
The FT is cynical, and rightly so https://t.co/vaounaS62D https://t.co/9P4l3JGxYD — PolitiTweet.org
Paul Krugman @paulkrugman
RT @ChadBown: On the substantial "Phase One" Trade Deal, will there be a JOINT statement spelling out in detail any concrete, commitments t… — PolitiTweet.org
Paul Krugman @paulkrugman
The best way to ask how much markets value this deal is to look at bond yields, which began a huge slide late last year as the trade war kicked into high gear. I wouldn't call today's action very impressive https://t.co/XGj0RQK95U — PolitiTweet.org
Paul Krugman @paulkrugman
I'm tempted to say that Trump just declared victory and surrendered. But he may not even have done that; at most this is a temporary truce, and may be pure vaporware https://t.co/S4PBLfhJBf — PolitiTweet.org
Paul Krugman @paulkrugman
And this is as close as I can get https://t.co/18XGrsLiZM — PolitiTweet.org
Paul Krugman @paulkrugman
I mean, this is what a villain is supposed to look like https://t.co/W78TQdEDoB — PolitiTweet.org
Paul Krugman @paulkrugman
You know, it would be one thing if American democracy had been overthrown by sinister super villains. In fact, the guys who seized power are tacky, lowlife crooks. What does that say about us as a nation? https://t.co/h3XhOJXPgn — PolitiTweet.org
Paul Krugman @paulkrugman
So on the larger point S-Z are right too: the death of tax progressively doesn't reflect economic necessity, it reflects corrupted politics 5/ — PolitiTweet.org
Paul Krugman @paulkrugman
What mostly happens instead is tax avoidance: firms find ways to report their profits in, say, the Cayman Islands, where they have little real business. And the persistence of tax havens is a choice: we could shut them down without giving huge gifts to the rich 4/ — PolitiTweet.org
Paul Krugman @paulkrugman
These tax cuts have been justified by the supposed need to attract foreign investment. But the most recent cut doesn't seem to have brought in any noticeable amount of money. And it's become increasingly clear that real investment flows don't actually respond much to tax rates 3/ — PolitiTweet.org
Paul Krugman @paulkrugman
A key part of that shift has been a drastic reduction in effective taxes on corporate profits, from ~40% to <10% 2/ https://t.co/GyBrzBQIbH — PolitiTweet.org
Paul Krugman @paulkrugman
We're going to have a discussion with Saez and Zucman at the CUNY Graduate Center on the 23rd. While there may be some technical disputes, their basic point — that the tax code has shifted radically in favor of the wealthy — is rock-solid 1/ https://t.co/SVgLywyw1H — PolitiTweet.org
Paul Krugman @paulkrugman
Look, I'm 66, so I guess I'm obliged as part of the social contract to be annoyed at millennials. The music in restaurants is too loud! They stand still on subway stairs, texting! But on policy, the Greta Thunbergs of the world are far wiser than DC's Very Serious People 8/ — PolitiTweet.org
Paul Krugman @paulkrugman
In other words, the millennials are right and the debt scolds are wrong — wrong conceptually, wrong empirically. 7/ — PolitiTweet.org
Paul Krugman @paulkrugman
Emissions will stay in the atmosphere for generations, raising global temperatures all the while. So every year we fail to act really does damage our future, perhaps irrevocably. It takes willful misunderstanding not to get the difference between that and deficits 6/ — PolitiTweet.org
Paul Krugman @paulkrugman
That is, taxpayers owe interest to bondholders. This can create some problems, but it doesn't reduce the future income of society as a whole. So running budget deficits is nothing at all like emitting greenhouse gases 5/ — PolitiTweet.org
Paul Krugman @paulkrugman
It's not just that with interest rates below growth rates, debt won't snowball. Also, public debt is NOT borrowing from the future. Unless it displaces investment — which there's no sign it's doing — it just creates claims by one part of the population on another part 4/ — PolitiTweet.org
Paul Krugman @paulkrugman
Neither, of course, are Larry Summers or yours truly. All of us have concluded based on data and hard thinking that debt isn't the kind of existential threat a lot of Beltway types claim that it is 3/ — PolitiTweet.org
Paul Krugman @paulkrugman
The author contrasts millennial alarm over climate change with lack of attention to debt. So maybe the first thing to say is that Olivier Blanchard, who tells us with great authority that debt risks are exaggerated, is not a millennial 2/ https://t.co/SdSDKVBZX0 — PolitiTweet.org
Paul Krugman @paulkrugman
This very bad column, with its assertion that "There is a lot of frustration among economists and policymakers about the seeming unwillingness of young Americans to appreciate the enormous threat posed by deficits and debt," is a teachable moment 1/ https://t.co/Jh2aeB2TKU — PolitiTweet.org
Paul Krugman @paulkrugman
If America avoids becoming an authoritarian regime, it will be thanks to Donald Trump's laziness and lack of self-discipline https://t.co/zCt0DJp3R9 — PolitiTweet.org
Paul Krugman @paulkrugman
RT @nytopinion: Given that Trump "is in fact what he accuses others of being — an enemy of the people — we should be thankful for his flaws… — PolitiTweet.org
Paul Krugman @paulkrugman
Starting the impeachment inquiry may have seemed risky, but when it leads to headlines like "Associates of president's personal lawyer arrested as they try to flee the country" you gotta say that prospects look pretty good. — PolitiTweet.org
Paul Krugman @paulkrugman
OK https://t.co/UjYNj0uAN6 — PolitiTweet.org
Paul Krugman @paulkrugman
RT @stone_lis: #ICYMI: The Stone Center has launched a new website (https://t.co/N94cB4hGMB) featuring archived research papers, videos, an… — PolitiTweet.org
Paul Krugman @paulkrugman
When the levee breaks https://t.co/ldh4feCiFJ — PolitiTweet.org
Paul Krugman @paulkrugman
My Boston Fed talk on regional divergence: a better link, I hope https://t.co/J2o8JfRZno — PolitiTweet.org
Paul Krugman @paulkrugman
Unusual: Bloomberg has reprinted my contribution to an IMF volume on globalization https://t.co/0KBQKk5dDw — PolitiTweet.org