Paul Krugman

Paul Krugman @paulkrugman

RT @michelleinbklyn: With your pathetic Trump sycophancy you sold out both your own country and the people who fought and died helping us,… — PolitiTweet.org

Paul Krugman @paulkrugman

With Trump, it's always "Look on the bright side — things could be worse." Then they get worse. — PolitiTweet.org

Paul Krugman @paulkrugman

Videos from last week's Boston Fed conference on regional economic divergence are up, including my own lunchtime talk https://t.co/zllnyYBVyC — PolitiTweet.org

Paul Krugman @paulkrugman

RT @ezraklein: The Constitution has an answer for a president who refuses to cooperate with congressional oversight: impeach, convict, remo… — PolitiTweet.org

Paul Krugman @paulkrugman

In particular, the idea that a booming economy would rescue Trump from his troubles on other fronts now looks far-fetched. Moral: if you're going to be a complete hypocrite, at least try to do it right 7/ — PolitiTweet.org

Paul Krugman @paulkrugman

A best guess is that the tax cut was a bit of a stimulus, but with low bang for the buck; and that its effects were offset, or more than offset, by Trump's trade war. So despite completely abandoning their pretended principles, Rs haven't gotten much 6/ — PolitiTweet.org

Paul Krugman @paulkrugman

In reality it's unclear at this point whether the tax cut did anything for growth; it certainly didn't lead to the promised surge in investment 5/ https://t.co/sadXWBORts — PolitiTweet.org

Paul Krugman @paulkrugman

Imagine what might have been accomplished if we'd been willing to spend an extra $300 billion a year on infrastructure. Instead, it was mainly tax cuts for businesses and the wealthy, which were supposed to supercharge growth 4/ — PolitiTweet.org

Paul Krugman @paulkrugman

The deficit was $660 billion in fiscal 2017 (which ended on Sept. 30 and didn't reflect the Trump tax cut). So we've seen a $320 billion surge despite a growing economy that should have brought the deficit down. That's a lot of fiscal stimulus! 3/ — PolitiTweet.org

Paul Krugman @paulkrugman

All through the Obama years, Republicans gave fire-and-brimstone speeches denouncing the evils of budget deficits — and blackmailed Obama into fiscal austerity in the face of high unemployment. Then they blew up the deficit as soon as they were in power 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

While we're all (rightly) focused on the constitutional crisis, CBO just projected a fiscal 2019 deficit of $984 billion — just shy of a trillion. No need to panic about solvency; but we should marvel both at GOP hypocrisy and how little all this debt bought 1/ — PolitiTweet.org

Paul Krugman @paulkrugman

No, no, no. It’s the Marsupial of the court who presides. — PolitiTweet.org

Paul Krugman @paulkrugman

RT @NateSilver538: Or the White House may be panicked as all hell and not really calculating rationally at all.... https://t.co/HPjqRhaOH5 — PolitiTweet.org

Paul Krugman @paulkrugman

I've given talks at West Point, and been impressed with the sophistication and intelligence of our modern officer corps. In case you're wondering, they despise Trump https://t.co/vN0UxgbkZz — PolitiTweet.org

Paul Krugman @paulkrugman

Brad DeLong revisits a debate about inequality and the one percent from 1992. Yes, I was already on that case https://t.co/TKC3wogFLw — PolitiTweet.org

Paul Krugman @paulkrugman

Trump isn't an aberration, he's the culmination of where the GOP has been heading for decades https://t.co/z6KIIv0UMr — PolitiTweet.org

Paul Krugman @paulkrugman

If you're a commentator who concern-trolled Dems, warning that they were making a terrible mistake by moving forward on impeachment, you should be engaged in some serious soul-searching about your motivated reasoning https://t.co/MbSKkWgzHS — PolitiTweet.org

Paul Krugman @paulkrugman

RT @nytopinion: "It’s important to understand that the G.O.P. hasn’t suddenly changed, that Trump hasn’t somehow managed to corrupt a party… — PolitiTweet.org

Paul Krugman @paulkrugman

OK, I'm going to get the jump on @JustinWolfers here: in my great and unmatched wisdom, I declare it beer o-clock. I know, it's only Monday afternoon. But at the rate things are going, who can make it through this week sober? In fact, make it a double Scotch. — PolitiTweet.org

Paul Krugman @paulkrugman

Fact check: false. We’ve been well into mad king territory for a while — PolitiTweet.org

Paul Krugman @paulkrugman

So did Trump just betray the Kurds because (a) He has business interests in Turkey (b) Erdogan, being a brutal autocrat, is his kind of guy (c) His boss Vladimir Putin told him to Remarkable that all three stories are perfectly plausible. — PolitiTweet.org

Paul Krugman @paulkrugman

Until recently I wondered whether Joe Biden's seeming naivety about the GOP, his insistence that he could work with Rs, was a pose. But it's now clear that he really was clueless about the ruthlessness of his opponents. Not a good sign https://t.co/UsznZjGfzN — PolitiTweet.org

Paul Krugman @paulkrugman

Oh, and by the way: Yangish cries that the robots are coming miss the point that the robots have always been coming. None of the things we're seeing now are bigger than what happened to port workers and coal miners in decades past 6/ — PolitiTweet.org

Paul Krugman @paulkrugman

Clearly, the geographical effects of this shock were very concentrated in WV and eastern KY. So some techno shocks are also regional shocks 5/ — PolitiTweet.org

Paul Krugman @paulkrugman

He's probably right for the most part. But I think there are some counterexamples. Coal employment really collapsed between 1980 and 2000, and it was all technology — coal output was flat or rising 4/ https://t.co/J2zWsaMuN0 — PolitiTweet.org

Paul Krugman @paulkrugman

So for example, containerization destroyed a lot of longshoremen jobs, but these were scattered across multiple big cities, and didn't cut out the core of communities the way that, say, the surge of furniture imports from China did 3/ — PolitiTweet.org

Paul Krugman @paulkrugman

Here's the background: we know that in aggregate many more jobs end up being displaced by technology than by trade. David argued, however, that trade shocks are more likely to be geographically concentrated in their impact 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

A wonkish note about economic shocks and regional economics, inspired by a conversation I had with David Autor, co-author of the famous "China shock" paper 1/ https://t.co/h0uONFTr3Y — PolitiTweet.org

Paul Krugman @paulkrugman

Silly Trump. He should follow Sonny Perdue's example, and demolish the NSC by moving it to Kansas City. — PolitiTweet.org

Paul Krugman @paulkrugman

Isn't that Fox News's whole business model? — PolitiTweet.org