Paul Krugman

Paul Krugman @paulkrugman

And the thing is that there really is a substantial constituency of racist whites who like safety-net programs, at least for themselves 2/ https://t.co/UJXTuD8KVe — PolitiTweet.org

Paul Krugman @paulkrugman

This gets at a question I wonder about a lot: why isn't Trump an actual populist, even a little bit? Aside from tariffs – which the white working class doesn't like – he's been straight GOP orthodoxy 1/ — PolitiTweet.org

Paul Krugman @paulkrugman

This whole techno-fatalism thing is strange. I think it's popular among business types because it (a) plays into the techno-hype they love and (b) diverts attention from the role of power in wage stagnation 3/ https://t.co/BQ8Pz0JX4U — PolitiTweet.org

Paul Krugman @paulkrugman

But it's a view that has zero support from the data. If the robot apocalypse were here, we should be seeing soaring output per hour worked. What we actually see is ... a slowdown 2/ https://t.co/3pb5PEdTxf — PolitiTweet.org

Paul Krugman @paulkrugman

Andrew Yang isn't a serious contender for the nom, but is getting a fair bit of attention for advocating universal basic income, which he says is needed because automation is taking away all the jobs -- a common tech-industry view 1/ https://t.co/PMAzZCx0TJ — PolitiTweet.org

Paul Krugman @paulkrugman

I can't figure out from this report what the substantive differences are. It looks as if the GOP just can't do basic governance -- making decisions about priorities, and facing the reality that it has to give Democrats a reason to buy in https://t.co/lCtxkMe6Vp — PolitiTweet.org

Paul Krugman @paulkrugman

Is it just me, or has the Gulf of Trumpkin incident receded from the top of the news unusually fast? It's almost as if they figured out that this dog won't wag, and moved on — PolitiTweet.org

Paul Krugman @paulkrugman

RT @dhnexon: The *best* time to formally declare VW, FIAT, and Toyota threats to American national security is when you’re trying to convin… — PolitiTweet.org

Paul Krugman @paulkrugman

So we're very badly prepared for any adverse shock. Trade war makes things worse, but it's not at the core of the problem, which reflects longer-term weakness and political dysfunction, aka the legacy of past GOP sabotage and betrayal 5/ — PolitiTweet.org

Paul Krugman @paulkrugman

What about fiscal policy? The GOP already blew $2 trillion on ineffective tax cuts. Could it come back and ask for more – especially when Democrats know that Rs would immediately turn around and say that debt requires cutting government spending? Very hard to see stimulus 4/ — PolitiTweet.org

Paul Krugman @paulkrugman

Also, long-term rates -- which are what matter for investment – are already very low. How much lower would a Fed cut push them? And what would they drive? Monetary policy works largely through housing, and while we aren't in 2006-bubble territory, housing already high 3/ https://t.co/eCX6OafZlz — PolitiTweet.org

Paul Krugman @paulkrugman

The most immediate problem is that there isn't enough room to cut. In past recessions the Fed has on average cut by 5 percentage points, and even that wasn't enough to avoid long "jobless recoveries". This time they only have room to do half that much 2/ https://t.co/iN7EVjFSvw — PolitiTweet.org

Paul Krugman @paulkrugman

Actually, none of the reasons given here are why I doubt that a Fed rate cut would be very effective, or in general why we're so badly prepared to fight a slump if it happens 1/ https://t.co/UEpehm9mQO — PolitiTweet.org

Paul Krugman @paulkrugman

My column today, if you missed it 2/ https://t.co/0OFlGFjbvy — PolitiTweet.org

Paul Krugman @paulkrugman

Ezra Klein and I are really getting at much the same thing. Elizabeth Warren is a serious policy wonk, but not a technocrat at heart: she has a mission, and uses her wonkiness to convey her seriousness about the mission 1/ https://t.co/0q6RjJIEJI — PolitiTweet.org

Paul Krugman @paulkrugman

Which, of course, nobody expects. Their greatest weapon is surprise. Surprise, and distributed ledgers. Surprise, distributed ledgers, and fanatical loyalty to the Pope ... — PolitiTweet.org

Paul Krugman @paulkrugman

Maybe this is another reason Rick Santorum is into Catholic crypto? Today, Cathcoin, tomorrow, the return of the Inquisition? https://t.co/Pe1w8X0585 — PolitiTweet.org

Paul Krugman @paulkrugman

Basically very little evidence that we gain anything from the brutality of our labor markets, or our society in general. We do, however, save some money on retirement by dying younger 3/ — PolitiTweet.org

Paul Krugman @paulkrugman

Oh, and low employment among European young is partly because they're much less likely than Americans to have to work their way through college. 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

The whole "Eurosclerosis due to overregulation" narrative is two decades out of date. Europeans have earlier retirement and shorter working hours, but by and large do as well or better than we do at prime-age employment 1/ — PolitiTweet.org

Paul Krugman @paulkrugman

Oh wow. I've driven past the sign for this park many times, and wondered what the story was. Of course it's deeply sordid. https://t.co/0sTw10BTeL — PolitiTweet.org

Paul Krugman @paulkrugman

Remember how slashing corporate taxes was going to cause a huge surge in investment? https://t.co/TxXurDbipL — PolitiTweet.org

Paul Krugman @paulkrugman

Ledes I wish I'd written: "In the name of the father, the son, and the HODL spirit … amen. Rick Santorum — former Pennsylvania senator, two-time failed Republican presidential candidate, conservative Catholic — is getting into cryptocurrency." https://t.co/ZGISnKECwo — PolitiTweet.org

Paul Krugman @paulkrugman

When you lie about everything, all the time, it has consequences. Maybe Iran did attack those tankers. But nobody will believe it just because the Trump administration says so. — PolitiTweet.org

Paul Krugman @paulkrugman

Interesting: a noted monetary dove wants the Fed to promise aggressive easing if needed, but not cut rates just yet https://t.co/2uYeudLtJw — PolitiTweet.org

Paul Krugman @paulkrugman

This is interesting. Kocherlakota is a monetary dove, with extra credibility because he changed his mind in the face of evidence. He wants the Fed to engage in forward guidance -- commit to monetary stimulus if needed - but not cut rates now https://t.co/eApFQnSKAM — PolitiTweet.org

Paul Krugman @paulkrugman

Canada has also reduced poverty to a historic low, partly by the amazing strategy of ... spending more money helping the poor 2/ https://t.co/lC7yje8NKB — PolitiTweet.org

Paul Krugman @paulkrugman

Worthwhile Canadian Initiative: Canada's employment success is remarkable, and should tell us something about what's happening here 1/ https://t.co/KTYBXsA46X — PolitiTweet.org

Paul Krugman @paulkrugman

Elizabeth Warren has done something new and unique: turned relentless wonkiness into a successful political strategy https://t.co/HbQq10V7x9 — PolitiTweet.org

Paul Krugman @paulkrugman

People are mocking Trump for saying he met with the Prince of Whales. But I say that it was just a fluke (ducks) https://t.co/sljB1oY040 — PolitiTweet.org