Paul Krugman

Paul Krugman @paulkrugman

Tax-cut religion has had no success stories – not one. Yet its grip on Republican ideology and policymaking just keeps getting stronger 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

Kansas has now tested GOP tax orthodoxy twice. First it slashed taxes, promising an economic miracle; all it got was a huge deficit. Then it revoked the tax cuts, which the right says should have been a disaster; instead, the budget is back in surplus 1/ https://t.co/C0aLj6LavA — PolitiTweet.org

Paul Krugman @paulkrugman

This may well be the most important story of the week, and it's barely being covered. A ridiculous lawsuit, but one backed by the Trump administration, could kill health insurance for 20 million Americans https://t.co/AzcMv5hCzp — PolitiTweet.org

Paul Krugman @paulkrugman

Still thinking about all the people who claimed that Obama was undermining the dignity of his office by sometimes being photographed without a tie — PolitiTweet.org

Paul Krugman @paulkrugman

Jimmy Carter had to put his peanut farm in a blind trust https://t.co/ERWMBSjgva https://t.co/Duer0M62Sk — PolitiTweet.org

Paul Krugman @paulkrugman

Sure enough, even as Deutsche Bank was laying off thousands of workers as a result of bad strategic choices, its managing directors were being fitted for expensive suits 2/ https://t.co/HxuPavqnRO — PolitiTweet.org

Paul Krugman @paulkrugman

I sometimes joke that bankers have unwarranted influence over economic policy in part because policymakers are impressed by their tailoring 1/ https://t.co/i4hsFkphhB https://t.co/1QhaIgJzil — PolitiTweet.org

Paul Krugman @paulkrugman

Actually, I get this. I always wanted some German hyperinflation currency, but it's wildly expensive. Also "Dixie" notes ($10 bills in English and French) from antebellum Louisiana https://t.co/TF5zPT1qdV — PolitiTweet.org

Paul Krugman @paulkrugman

There are some government functions that should never be privatized – the military and the prisons. Yet we're now a mercenary-forces, private-prisons country. https://t.co/06PLUBSGNr — PolitiTweet.org

Paul Krugman @paulkrugman

My neighbor read this as saying that recession is coming. It doesn't; it says that recession could come, and we're very badly prepared. Which is unfortunately true https://t.co/NWRSJkwR07 — PolitiTweet.org

Paul Krugman @paulkrugman

But is she likable? Does she smile enough? Would you want to have a beer with her? (Actually, yes) https://t.co/GIHnB6eMcm — PolitiTweet.org

Paul Krugman @paulkrugman

About that CBO report, from the best person currently working this area — PolitiTweet.org

Paul Krugman @paulkrugman

Putting kids in concentration camps for fun and profit https://t.co/yrnKZoq5wz — PolitiTweet.org

Paul Krugman @paulkrugman

Blunt and, as far as I can see, totally correct. If the US renounces a deal, the other party has no obligation to stick to it. https://t.co/wZZ5hysQdp — PolitiTweet.org

Paul Krugman @paulkrugman

There can be a reasonable argument about $12 vs $15. But the case for a substantial rise is overwhelming, especially when you consider the social benefits from raising incomes at the bottom 5/ https://t.co/0X6F4r4ID6 — PolitiTweet.org

Paul Krugman @paulkrugman

The fact is that even if CBO is overstating the job effects, this is actually a very pro-hike report. Remember that the job number is for average employment in a given week; it doesn't mean that anything like that number would be unemployed for long periods 4/ — PolitiTweet.org

Paul Krugman @paulkrugman

There is a diehard faction of economists who refuse to accept the overwhelming empirical evidence for very small employment effects of minimum wages. This puts CBO in an awkward position, and they may have erred on the side of political caution. But you don't have to go there 3/ — PolitiTweet.org

Paul Krugman @paulkrugman

The report also shows some significant job losses from a $15 minimum wage, which no doubt will get a lot of coverage. But I agree with EPI that CBO has given too much weight to dubious research. 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

New CBO report on raising the minimum wage. Most important takeaway is that it says there would be large gains for families below the poverty line and a reduction in the number of people below that line 1/ https://t.co/mG57MLgFVO — PolitiTweet.org

Paul Krugman @paulkrugman

Instead, you get claims that they didn't say what they said, or it didn't mean what it meant, and a lot of whining about how mean it was to point out flaws in their arguments. Note to the next generation: be better than this 4/ — PolitiTweet.org

Paul Krugman @paulkrugman

For to a first approximation nobody who got it wrong - who made specious arguments against monetary easing and for austerity in the face of mass unemployment – has admitted having been wrong, let alone tried to understand why they got it wrong. 3/ — PolitiTweet.org

Paul Krugman @paulkrugman

And since then it has turned into a moral debacle. Everyone makes bad calls – God knows I have – but you shouldn't stay with them for years, as those who spent 2009-13 warning about runaway inflation and fiscal crisis did. And it got worse ... 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

The policy debacle that followed the financial crisis was also an intellectual debacle for quite a few people, including famous economists, who threw their prestige behind opposition to policies that might limit the damage 1/ https://t.co/yUCFXQ53vN — PolitiTweet.org

Paul Krugman @paulkrugman

RT @sjwrenlewis: A fair point on what was a confused paragraph. I was trying to make too many points at once (a) the right sometimes assist… — PolitiTweet.org

Paul Krugman @paulkrugman

Many rural hospitals at high financial risk, with devastating impacts on their communities if they go under. Some fundamental forces make this a problem everywhere, but much worse in states that refused to expand Medicaid https://t.co/D4czaCRsaf https://t.co/dPGzdl5deY — PolitiTweet.org

Paul Krugman @paulkrugman

The fact is that the mainstream conservative agenda has always been unpopular, and needed to be sold with racism and lies. At some point the right-wing elite was likely to lose control to someone who said the dogwhistles out loud, but that was a risk they needed to take 4/ — PolitiTweet.org

Paul Krugman @paulkrugman

The one thing I think Simon may get wrong is suggesting that mainstream conservatives could have made different choices. Anti-immigrant hysteria and austerity mania weren't intellectual slips, they were part of a sustained strategy 3/ https://t.co/nG11ylkh69 — PolitiTweet.org

Paul Krugman @paulkrugman

Er, TrumpIST right. Spell-check strikes again 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

Very good from @sjwrenlewis. The Trumpets right and its equivalents abroad can only gain power with the collaboration of the establishment right. No Trump without the cynicism of a McConnell and the cowardice of a Rubio 1/ https://t.co/TAT9lpND6e) — PolitiTweet.org

Paul Krugman @paulkrugman

Actually Mississippi, but agreed. On the other hand, it should be illegal to market some of the toroid objects out there as "bagels." Seriously, this is Big Meat flexing its muscles and also trying to tap into culture war. A symptom of bigger, nasty issues. — PolitiTweet.org