Paul Krugman

Paul Krugman @paulkrugman

I look at the FT this morning and it's not the most encouraging thing I've seen https://t.co/o5Y7pzLEO5 — PolitiTweet.org

Paul Krugman @paulkrugman

Finally, there are actually a lot of interesting places to visit in New Jersey. You got a problem with that? 5/ — PolitiTweet.org

Paul Krugman @paulkrugman

The real city is the Paris-like sidewalk cafes of the Upper West Side, the glorious cultural mix of Jackson Heights, the indie music scene in Brooklyn, the peace of the Cloisters or the Botanical Garden, and hundreds of other places 4/ — PolitiTweet.org

Paul Krugman @paulkrugman

I mean, 5th Avenue near the Empire State Building is a heaving sea of humanity -- but so is Piccadilly Circus. Both are, as Yogi Berra would say, places nobody goes because they're too crowded 3/ — PolitiTweet.org

Paul Krugman @paulkrugman

Part of the problem is that the old line about New York is all wrong: it's a great place to live, but I wouldn't want to visit here, or at least not without local friends to steer me away from the tourist traps 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

On a lighter note: Tyler Cowen is wrong about London and New York. It's true that long ago I found London a more pleasant place. But these days the roles are reversed: New York is more livable, and less dominated by money-mad ostentation 1/ https://t.co/N46sXrCtts — PolitiTweet.org

Paul Krugman @paulkrugman

This was real Spanish Inquisition stuff. Nobody with that track record should ever be allowed any role in public life, ever: we're talking about anti-intellectual thuggery. Letting him loose on immigration ... 3/ — PolitiTweet.org

Paul Krugman @paulkrugman

For those who don't know, as Virginia AG Cuccinelli wasn't just a climate denier: he tried to criminalize climate science, with a relentless campaign of personal destruction against scientist Michael Mann 2/ https://t.co/h0XAUdcBNw — PolitiTweet.org

Paul Krugman @paulkrugman

I'm amazed and shocked that almost none of the reporting on the troubles facing Ken Cuccinelli as a potential DHS official mention his past crimes against science and the future of humanity 1/ — PolitiTweet.org

Paul Krugman @paulkrugman

Unclear how much any of this matters. But today would really have been a good day for Powell to develop laryngitis. 3/ — PolitiTweet.org

Paul Krugman @paulkrugman

This could have perverse effects. Trump doesn't listen to experts, but he does pay attention to stocks. So today's surge could (a) convince him that going ahead with a disastrous Mexico policy is fine (b) bullying the Fed works 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

As far as I can make out, Powell didn't say anything different from current Fed policy. Of course the Fed will respond to events. But his timing made investors think that he was signaling dovishness plus, perhaps, willingness to bail out a Trump trade war 1/ — PolitiTweet.org

Paul Krugman @paulkrugman

And think about Fox News, not just as a force for evil, but as a business. It's basically about selling ads to companies who see a potential market in grumpy old white men. So of course Trumpism is infected with grifters. So is the whole right 4/ — PolitiTweet.org

Paul Krugman @paulkrugman

I followed up last year by noting that even "intellectuals" like Ben Shapiro are actually in the business of selling nutritional supplements 3/ https://t.co/3qGfZynwyf https://t.co/SC2kwM0XeY — PolitiTweet.org

Paul Krugman @paulkrugman

Rick Perlstein documented years back the extent to which the modern conservative movement actually has its origins in direct-marketing scams -- extremist politics is, to an important extent, just a way to sell patent medicine and get-rich-quick schemes 2/ https://t.co/TaEXih9IHy — PolitiTweet.org

Paul Krugman @paulkrugman

Conservatives are horrified that so many supposedly pro-Trump ventures are mainly about scamming his supporters. But their horror shows their ignorance of their movement's history 1/ https://t.co/B8tnxTBhCR — PolitiTweet.org

Paul Krugman @paulkrugman

And yes, I was indulging myself by writing up a largely forgotten but relevant piece of the history of US economic policy. 1921, not the infamous Smoot-Hawley tariff of 1930, was when the really bad turn took place 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

Trump's tariff obsession is part of a general withdrawal from world responsibility, similar to but worse than what happened after World War I 1/ https://t.co/Om0M9L1IKQ — PolitiTweet.org

Paul Krugman @paulkrugman

RT @nytopinion: It’s now a good bet that Trump’s tariffs will more than wipe out whatever breaks middle-class Americans got from the 2017 t… — PolitiTweet.org

Paul Krugman @paulkrugman

One thing I keep telling people, which they won't believe, is that unlike much of Trump's agenda, his tariffs don't have a constituency -- they're just his personal obsession. Even his own officials clearly thought the Mexico tariff was nuts https://t.co/L1xBXZYwSx — PolitiTweet.org

Paul Krugman @paulkrugman

I have no idea why Kevin Hassett is resigning. There are 36,000 possible reasons, Sorry, couldn't help myself https://t.co/0NvuUdE0fG — PolitiTweet.org

Paul Krugman @paulkrugman

RT @jbview: ...and praising dictators. Three! Three principle weapons: Blunt candor, walking away from the table, and praising dictators, a… — PolitiTweet.org

Paul Krugman @paulkrugman

So the funny thing is that technology seems to have had much *less* impact on superstar earnings, at least in music, than you might have expected 7/ — PolitiTweet.org

Paul Krugman @paulkrugman

And as best I can make out, Jenny Lind, the "Swedish nightingale", was paid about as much per performance relative to prevailing incomes as today's superstars 6/ https://t.co/Hhems8iwzh — PolitiTweet.org

Paul Krugman @paulkrugman

That was a bit over 350 times U.S. GDP per capita in that year. So to a first approximation Rihanna and Mr.s Billington actually earned about the same amount relative to their societal norms! 5/ https://t.co/Cm2Rx9gCsl — PolitiTweet.org

Paul Krugman @paulkrugman

So Mrs. Billington earned around 300 times per capita GDP. Meanwhile, Billboard tells us that in 2016 Rihanna earned $22.3 million 4/ https://t.co/rBnMT0yb1w — PolitiTweet.org

Paul Krugman @paulkrugman

Mrs. Billington, we're told, was paid 10,000 pounds for a season. How should we think of that? Well, the Bank of England has a great historical database, which tells us that per capita GDP in Great Britain was around 30 pounds at the time 3/ https://t.co/tbZ9dQm2mB — PolitiTweet.org

Paul Krugman @paulkrugman

Krueger used Rihanna as an example of how modern media allow superstars to earn far more than they could from live performances. And he cites the Victorian economist Alfred Marshal on the limits faced by past artists, like Mrs. Billington of the London opera 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

The Times has published a posthumous article based on the work of the late, great Alan Krueger on one of his side interests: the economics of the music business. And it is, of course, great. But the premise may not be right! 1/ https://t.co/I8sBabilED — PolitiTweet.org

Paul Krugman @paulkrugman

RT @FranklinFoer: Jordan Peterson makes common cause with Viktor Orban in the war on poltical correctness. His ally in the global struggle… — PolitiTweet.org