Paul Krugman

Paul Krugman @paulkrugman

RT @scottlincicome: "Since the election, Trump has made 35 claims that companies would create 8.9M jobs in the US thanks to his policies an… — PolitiTweet.org

Paul Krugman @paulkrugman

Competence has a well-known liberal bias https://t.co/St9M1f0ClL — PolitiTweet.org

Paul Krugman @paulkrugman

Relatedly, Trump is sure – based on imaginary numbers – that Puerto Rico has gotten far too much aid 2/ https://t.co/lQ3qKO2HZ2 — PolitiTweet.org

Paul Krugman @paulkrugman

For the moment, Republicans have mostly stopped pretending to care about deficits. But they're still eager to cut aid to the poor 1/ https://t.co/Nk7vOrDK7z — PolitiTweet.org

Paul Krugman @paulkrugman

I'm old enough to remember when Presidential Medals of Freedom were given for showing courage and making sacrifices on behalf of the nation and the world. Tiger Woods ... hits golf balls for money https://t.co/dYmWPVljL9 — PolitiTweet.org

Paul Krugman @paulkrugman

Deficit spending – which Republicans denounced under Obama – is sustaining the Trump economy https://t.co/nMxUoUHBfk — PolitiTweet.org

Paul Krugman @paulkrugman

What this chart suggests is that GOP-enforced austerity had a huge impact in retarding the recovery. If they'd been willing to tolerate the kind of deficits they're happy with now, the Obama years would have looked much better 4/ — PolitiTweet.org

Paul Krugman @paulkrugman

For wonks, I've assumed a multiplier of 1.3, consistent with Blanchard-Leigh, and an Okun coefficient of 2. 3/ — PolitiTweet.org

Paul Krugman @paulkrugman

So I did a counterfactual: what would have happened to the economy under Obama if Republicans had allowed Trump levels of stimulus? Here's the result 2/ https://t.co/mpcZrL0WXX — PolitiTweet.org

Paul Krugman @paulkrugman

As I noted yesterday, the Trump administration is now engaged in huge fiscal stimulus. As measured by the CBO's estimate of the cyclically adjusted budget deficit, we're back to levels not seen since 2012 1/ https://t.co/TH7lPX5Eqp — PolitiTweet.org

Paul Krugman @paulkrugman

And related, from Pew 3/ https://t.co/nhKphe0QdV https://t.co/hoXb84S4Sl — PolitiTweet.org

Paul Krugman @paulkrugman

I'm personally seeing an upsurge in explicitly anti-Semitic hate mail. All of it is coming from the right 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

This isn't really surprising. If you're a Jew with any sense of history, you know that when bigotry runs free, you're always the next target 1/ https://t.co/e5RkEzlrai https://t.co/I6ZOzQaE1n — PolitiTweet.org

Paul Krugman @paulkrugman

Seriously, it has been clear all along that Trump has no coherent demands, that he was just looking for a deal that made him look good. And this is a self-defeating position if reporters do their homework and point out the hollowness of any proposed deal. 4/ — PolitiTweet.org

Paul Krugman @paulkrugman

And Trump is probably hearing reports suggesting that he was going to make a weak deal for the sake of having a deal, reports that are influenced by Chad's analysis. So it's Chad's fault 3/ — PolitiTweet.org

Paul Krugman @paulkrugman

After all, Chad has been suggesting – accurately – that Trump's likely deal wouldn't actually do away with the subsidies that are the biggest real complaint against China 2/ https://t.co/z15RzVZbeg — PolitiTweet.org

Paul Krugman @paulkrugman

We don't know what's really going on, but my best guess is that this is the fault of @ChadBown. 1/ — PolitiTweet.org

Paul Krugman @paulkrugman

Another indication of how much Keynesian stimulus we're getting: CBO's estimate of the cyclically adjusted budget balance, which says that fiscal policy is as stimulative now as it was when the unemployment rate was still above 8% https://t.co/xfNTNBKRxN — PolitiTweet.org

Paul Krugman @paulkrugman

RT @PolitiFact: .@ewarren claimed that she warned about the financial crisis before it happened. We found that her 2003 book, 2004-2006 blo… — PolitiTweet.org

Paul Krugman @paulkrugman

We talk a lot about the 2017 tax cut, but I don't think people realize how much the spending austerity Rs imposed under Obama has been reversed under Trump. We're finally getting the Keynesian policy we needed when unemployment was high https://t.co/j9wmhAGfFF — PolitiTweet.org

Paul Krugman @paulkrugman

What we learned from the Moore affair and the GOP reaction https://t.co/D2XeLlLn3R — PolitiTweet.org

Paul Krugman @paulkrugman

Some of us called it repeatedly at the time 2/ https://t.co/OGwXcRitjm — PolitiTweet.org

Paul Krugman @paulkrugman

Some fine and totally justified ranting from @chrislhayes 1/ https://t.co/P3H3G3TyBY — PolitiTweet.org

Paul Krugman @paulkrugman

A graphical summary of GOP positioning on monetary policy. Rates must go up with low employment and wage growth if a Dem is in office, must fall with high employment and wage growth with R in office https://t.co/4ETKvopN5K — PolitiTweet.org

Paul Krugman @paulkrugman

RT @ObsoleteDogma: Another example of asymmetric polarization: you don’t see Democratic economists haranguing the Fed to raise rates amidst… — PolitiTweet.org

Paul Krugman @paulkrugman

This means, among other things, that we need to reinterpret the inflation panic of the Obama years. It wasn't even about bad economics; like the shrieking about debt, it was about sabotaging a Democratic president. 4/ — PolitiTweet.org

Paul Krugman @paulkrugman

But it turns out that bad faith can move mountains: people who wanted to raise interest rates when unemployment was 9 percent want to cut them with unemployment at 3.6%, as long as Trump is in power 3/ — PolitiTweet.org

Paul Krugman @paulkrugman

The reason I thought it was real was that cranky old Fox-watching men are, in fact, natural goldbugs constantly fearing that socialists will inflate away their hard-earned hoards. I get far more hate mail when I write about monetary policy than when I write about politics 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

OK, for once GOP cynicism has surprised me. I always knew that Republican "deficit hawks" were phonies, that they would suddenly decide that deficits were no problem as soon as we had an R president. But I though the hard-money thing was real 1/ https://t.co/fn2rFlfl2e — PolitiTweet.org

Paul Krugman @paulkrugman

Not the story people who talk about the evils of European socialism want to tell. Although to be fair, not quite what critics of the euro would say, either 5/ — PolitiTweet.org