Paul Krugman

Paul Krugman @paulkrugman

RT @ReformedBroker: Apple unveils new $6,000 Tariff Phone — PolitiTweet.org

Paul Krugman @paulkrugman

There are two things you expect to go down when the economy grows: budget deficits and the number of uninsured. Under Trump both have gone up https://t.co/bO8Q4ClMRQ — PolitiTweet.org

Paul Krugman @paulkrugman

@ChadBown ... but they are justifiably afraid that they won't get exclusions if they criticize admin policy. This amounts to a quiet use of the machinery of government to suppress opposition, the topic of my own column today 3/ https://t.co/MglVh9CwNd — PolitiTweet.org

Paul Krugman @paulkrugman

@ChadBown Farmers are getting bribed with huge bailouts that compensate them for the destruction of their export markets. Businesses are being intimidated by the "exclusion" process that gives some of them a break from tariffs ... 2/ https://t.co/t9gVteuuYy — PolitiTweet.org

Paul Krugman @paulkrugman

Very important article by @ChadBown on why there hasn't been more pushback against Trump's trade war; it highlights the key role of de facto bribery and intimidation 1/ https://t.co/fjhFZYgVFw — PolitiTweet.org

Paul Krugman @paulkrugman

There may not be a day when we'll say "Democracy just ended." We'll just wake up one morning and realize it's gone https://t.co/LXZAaPoRBt — PolitiTweet.org

Paul Krugman @paulkrugman

RT @GretchenTG: This might look like another layer of #SharpieGate, but NOAA leadership trading scientific integrity for political appeasem… — PolitiTweet.org

Paul Krugman @paulkrugman

Now imagine the same thing happening to the agencies that produce employment, inflation, and growth statistics. It's not hard to see it happening — and just like that, we're a Third World nation — PolitiTweet.org

Paul Krugman @paulkrugman

Why has the Trump tax cut been a fizzle? Partly because it was supposed to bring back money that never left: "Nearly 40 per cent of worldwide FDI — worth a total of $15tn — “passes through empty corporate shells” with “no real business activities” https://t.co/cs3YE4ODXR — PolitiTweet.org

Paul Krugman @paulkrugman

RT @nytopinion: Aside from the huge tax cut for corporations, it’s becoming increasingly clear that Trumpism is bad for business. Or more p… — PolitiTweet.org

Paul Krugman @paulkrugman

RT @Jordanfabian: Trump had an aide show reporters a dated map from the NWS showing initial projections of Dorian’s track into Florida. Som… — PolitiTweet.org

Paul Krugman @paulkrugman

RT @stone_lis: Reserve Now: Emmanuel Saez and Gabriel Zucman will discuss their upcoming book, "The Triumph of Injustice: How the Rich Dodg… — PolitiTweet.org

Paul Krugman @paulkrugman

Also, on the economics: Chinese dependence on exports to America is often exaggerated, and China has been expanding its exports to other countries https://t.co/2gruiKoRWQ — PolitiTweet.org

Paul Krugman @paulkrugman

This is very good about Xi's incentives in the trade war. Standing up to Trump has several upsides that offset the economic costs https://t.co/aSdDHGQTIa — PolitiTweet.org

Paul Krugman @paulkrugman

Reading my morning Times, and — in re "opportunity zones" and their scamminess — I see an ad https://t.co/kkm1sjBDDy — PolitiTweet.org

Paul Krugman @paulkrugman

Since everything is political: while not a recession, growth that slow would almost certainly be enough to sink Trump, given his underlying unpopularity 3/ — PolitiTweet.org

Paul Krugman @paulkrugman

The GDP trackers will weigh in with more sophisticated estimates, but a quick and dirty look at the data since 1990 says that slightly contracting manufacturing probably means GDP growth significantly under 2% 2/ https://t.co/l4xMv0ayU0 — PolitiTweet.org

Paul Krugman @paulkrugman

Manufacturing is very cyclical, so this doesn't mean a recession — but it does suggest a continuing slowdown 1/ https://t.co/bpOwPodj0j — PolitiTweet.org

Paul Krugman @paulkrugman

RT @joshtpm: He's right. We need to have a serious discussion about whether to call #MoscowMitch #Moscowmitch especially because #MoscowMit… — PolitiTweet.org

Paul Krugman @paulkrugman

And yes, this makes me worry a lot more about Lagarde at the ECB. Everyone involved really, really should have known better. 7/ — PolitiTweet.org

Paul Krugman @paulkrugman

What's striking for those of us who've spent a long time on such crises is that this is incredibly close to the script from 1998-2001 — no convertibility law, but still similar policy mistakes, and similar enabling of those mistakes by the IMF 6/ — PolitiTweet.org

Paul Krugman @paulkrugman

The last desperate attempts to stabilize the situation involved drastic interest rate hikes and last-minute austerity — and hence a nasty slump. 5/ — PolitiTweet.org

Paul Krugman @paulkrugman

This was doable at first bc of market honeymoon, then bc of massive IMF support. But in the end all it did was dig the hole deeper, with big rise in foreign debt and discrediting of neoliberalish reformers. 4/ — PolitiTweet.org

Paul Krugman @paulkrugman

And also unwilling to allow rapid peso depreciation both because of inflationary impact in a country with history of inflation, and bc of dollar-denominated debt. Instead, he resorted to more foreign borrowing 3/ https://t.co/hMUu4nkEsP — PolitiTweet.org

Paul Krugman @paulkrugman

The textbook answer is fiscal consolidation plus currency depreciation, so that net exports make up for the fall in domestic demand. But Macri either wouldn't or couldn't bite the bullet — unwilling to take the heat for large budget cuts 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

Crying for Argentina: I'm trying to understand the mess, and I have a first-pass sketch of a story. As I understand it, when Macri took office he already had a twin-deficit problem: budget and foreign, with significant current account imbalance 1/ https://t.co/7o934Ec1dV — PolitiTweet.org

Paul Krugman @paulkrugman

From Torsten Slok at Deutsche Bank: corporations using their profits for dividends and buybacks, not investment — hence the failure of the 2017 tax cut https://t.co/WCcVeXlezq — PolitiTweet.org

Paul Krugman @paulkrugman

I can attest from personal experience that NJ Transit can become a nightmare from sporting events. It sounds as if this mall will make the nightmare permanent https://t.co/LPAMdl4shp — PolitiTweet.org

Paul Krugman @paulkrugman

Oh, but the real risk to freedom of speech is political correctness on college campuses and nasty analogies on Twitter — PolitiTweet.org

Paul Krugman @paulkrugman

There's a family resemblance here to the 2017 US tax bill (although this is a bigger deal), which was drafted in a secretive rush bc of fear of the political reaction if people knew about the process 4/ https://t.co/dcwHrO9OnP — PolitiTweet.org