Paul Krugman

Paul Krugman @paulkrugman

But if you want to stop the process, you should be aware that thanks to our transfer union lagging regions already receive huge de facto aid, as much as 20% of GDP. Nevertheless, divergence continues 6/ — PolitiTweet.org

Paul Krugman @paulkrugman

And it's not just money. Places like KY and WV had the same life expectancy as NY as recently as 1990; now they're 5 years below. Social problems are festering in lagging regions — and divergence is feeding political polarization 5/ — PolitiTweet.org

Paul Krugman @paulkrugman

This is actually the third such tipping point in US history: divergence from the mid-19th to early 20th centuries, then convergence to 1980 or so, and now divergence again. This is a fundamental change in dynamics, probably associated with the knowledge economy 4/ — PolitiTweet.org

Paul Krugman @paulkrugman

I offer three main arguments/insights. First, our theories of regional economic dynamics suggest that there will be occasional "tipping points" when convergence flips into divergence or vice versa. And circa 1980 we seem to have flipped into divergence 3/ — PolitiTweet.org

Paul Krugman @paulkrugman

But I have been thinking about the subject a fair bit lately, and thought I would write up some of those thoughts (sorry about the roughness of this draft, but I wanted to get it out there) 2/ https://t.co/aF4fYyDCxy — PolitiTweet.org

Paul Krugman @paulkrugman

Something completely different: in early October the Boston Fed is holding a conference on regional divergence, my old stamping ground. I'm not presenting research; I'm just the lunchtime entertainment 1/ https://t.co/We6DMRJHg8 — PolitiTweet.org

Paul Krugman @paulkrugman

Interesting: European economists (this is the European version of the IGM panel, not the one we usually see) are unanimous that inequality threatens democracy https://t.co/9lROvFvKMp https://t.co/txo7PBFwMo — PolitiTweet.org

Paul Krugman @paulkrugman

RT @MikeDorning: "At $28 billion so far, the farm rescue is more than twice as expensive as the 2009 bailout of Detroit’s Big Three automak… — PolitiTweet.org

Paul Krugman @paulkrugman

Oh, that's uncivil. We shouldn't call Moscow Mitch Moscow Mitch, because Moscow Mitch hates being called Moscow Mitch https://t.co/UHDwY4t4RX — PolitiTweet.org

Paul Krugman @paulkrugman

The systemic question we need to ask is how the GOP sank so low, and whether America as we know it can survive when one of its two major parties doesn't believe in rule of law 4/ — PolitiTweet.org

Paul Krugman @paulkrugman

Timidity is bad, but it pales compared with the outright corruption of Republicans, who are clearly OK with actions that are precisely what the founding fathers feared, and the reason impeachment is possible 3/ — PolitiTweet.org

Paul Krugman @paulkrugman

Many people including me are frustrated by the timidity of the Democrats. This is a smoking gun, people. If this doesn't warrant an impeachment inquiry, nothing does. But ... 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

You know, if Trump really did shoot somebody on 5th Ave it would be less serious than what he has actually done (and yes, he did it — they aren't even disputing the facts). Murdering an individual isn't as important as colluding with foreigners to subvert an election 1/ — PolitiTweet.org

Paul Krugman @paulkrugman

RT @delong: From the past. Worth highlighting. Why? Because when the nest recession comes, the usual suspects will once gain start claiming… — PolitiTweet.org

Paul Krugman @paulkrugman

Come on, this isn't really a question. If by "constitutional system" you mean Republicans in the Senate, they will do nothing. They decided long ago that treason in the defense of GOP power is perfectly OK https://t.co/WjVlXfKaKT — PolitiTweet.org

Paul Krugman @paulkrugman

Oh, that's easy: As long as he's in office. If and when he loses, they'll claim to have been staunch defenders of rule of law all along https://t.co/edozmqo2cC — PolitiTweet.org

Paul Krugman @paulkrugman

RT @smotus: On the one hand you have a whistleblower saying Trump pressured Ukraine to interfere in the US election but on the other hand y… — PolitiTweet.org

Paul Krugman @paulkrugman

There's a kind of sick irony to Trump's attempt to destroy any chance of dealing with climate change: it comes precisely when the economics of clean energy has become incredibly favorable https://t.co/0AgAMTIQUS — PolitiTweet.org

Paul Krugman @paulkrugman

The modern GOP is the enemy of democracy: An analysis from the guys who literally wrote the book on how democracies die https://t.co/sQ67Xdaz68 — PolitiTweet.org

Paul Krugman @paulkrugman

California shows that progressive policies can work — which is why the right hates the state so much https://t.co/BjJqLEPl4O — PolitiTweet.org

Paul Krugman @paulkrugman

RT @nytopinion: "The usual suspects are trying to portray California as a terrible place — beset by violent crime and rampant disease — in… — PolitiTweet.org

Paul Krugman @paulkrugman

But is she likable enough? https://t.co/smXLx077fT — PolitiTweet.org

Paul Krugman @paulkrugman

Yes. This is another edition of simple answers to simple questions https://t.co/ZUj5lU1gF0 — PolitiTweet.org

Paul Krugman @paulkrugman

Some thoughts inspired by Trump versus California on emissions https://t.co/YZfAIV6YaA — PolitiTweet.org

Paul Krugman @paulkrugman

Which is something I wrote about a few years ago 4/ https://t.co/gqsunZZXE2 — PolitiTweet.org

Paul Krugman @paulkrugman

Dishwasher rage is also a thing 3/ https://t.co/KH5ISDsN6y — PolitiTweet.org

Paul Krugman @paulkrugman

And Trump wants to bring those good old days back 2/ https://t.co/zSVcDmSHzw — PolitiTweet.org

Paul Krugman @paulkrugman

So now we know what Making America Great Again looks like. Here's what LA was like in 1975 1/ https://t.co/lf8rgyD0CB — PolitiTweet.org

Paul Krugman @paulkrugman

Weird stuff going on in the repo market. Supposedly just technical, but worth remembering that a "run on repo" was at the heart of the 2008 financial crisis https://t.co/M9gGqDd5HU — PolitiTweet.org

Paul Krugman @paulkrugman

RT @dandrezner: The president faces a crisis in the Persian Gulf with an understrength national security team, diminished international sta… — PolitiTweet.org