Paul Krugman

Paul Krugman @paulkrugman

CAP may have been associated with the Clintons in the past, but it has also been a very effective policy shop, playing an important role in getting the Affordable Care Act passed. And it's continuing to play that role. 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

Gotta say, some of the coverage of the Sanders/Center for American Progress spat is extremely weird, showing signs that Clinton derangement syndrome is still alive and well even though Hillary isn't running 1/ — PolitiTweet.org

Paul Krugman @paulkrugman

RT @ParkerMolloy: So 1.) here’s the latest iteration in the attempt to find something sinister or wrong in literally anything Omar says. 2… — PolitiTweet.org

Paul Krugman @paulkrugman

Want clear evidence of the failure of Trump's agenda? His demands that the Fed rescue the boom that wasn't tells you how badly it's going https://t.co/iLtEvDoXrH — PolitiTweet.org

Paul Krugman @paulkrugman

Profiles in lack of courage. Obviously these guys know that Moore is a terrible choice, and aren't willing to tie their reputations to him – but also afraid to speak out against him — PolitiTweet.org

Paul Krugman @paulkrugman

What this suggests among other things is that Dems should welcome Republican attacks on "socialism" and all that. If the debate actually ends up being about economics, Ds have the upper hand 4/ — PolitiTweet.org

Paul Krugman @paulkrugman

I keep coming back to this chart, which shows voters' political orientation on social v economic issues. There are a lot more voters on the left than the right 3/ https://t.co/7khmiDMEOC https://t.co/gzd73meXLQ — PolitiTweet.org

Paul Krugman @paulkrugman

But in that case, why are Republicans politically competitive? Because of identity politics – white identity politics. Modern Democrats aren't willing to cater to the significant number of racist big-government supporters; Rs are 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

Today's column tries, among other things, to make the point that Republicans are way to the right of the public on economic issues, and even most Democrats may be a bit to the right 1/ https://t.co/aDUONkGJMd — PolitiTweet.org

Paul Krugman @paulkrugman

RT @nytopinion: The G.O.P.’s powerful propaganda machine is now dedicated to portraying Democrats as extremists. It might work, false as th… — PolitiTweet.org

Paul Krugman @paulkrugman

RT @ronlieber: Pulitzer to my NYT colleagues for proving that Trump probably committed criminal tax fraud and that he is daddy-made, not se… — PolitiTweet.org

Paul Krugman @paulkrugman

Somehow @petridishes, while funny as heck, always leaves me feeling worse – because she reminds me of the awful reality https://t.co/0i2KMrR6nj — PolitiTweet.org

Paul Krugman @paulkrugman

We have persistent poverty and what is feeling like an increasingly rigid class structure because we choose to. It doesn't have to be like this 3/ — PolitiTweet.org

Paul Krugman @paulkrugman

A while back I commented on a David Brooks column abt the gratifying recent fall in Canadian poverty, which he attributed to community action. I suggested that more spending might be a lot of the story. Miles confirms that Canada has sharply increased aid to low-inc families 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

My Stone Center college @MilesCorak on social mobility in Canada and the US (they have much more of it) and the role of public policy 1/ https://t.co/jMrSaQ0lpo — PolitiTweet.org

Paul Krugman @paulkrugman

So people who suggest that a Moore appointment wouldn't be a disaster are missing the bigger picture. Trump is trying to do to the Fed what he's doing at DHS, purging the professionals and replacing them with apparatchiks. Moore would be just the beginning 6/ — PolitiTweet.org

Paul Krugman @paulkrugman

It would be interesting to ask who he considers to be "good" economists. I'm sure that having been wrong about everything for the past decade plus is a key qualification. Anyway, the point isn't just that Moore is a bad analyst. He wants to purge anyone competent 5/ — PolitiTweet.org

Paul Krugman @paulkrugman

They were, of course, completely right; he was completely wrong. So on what basis does he declare them "worthless", with the wrong model? Well, their model is wrong in the sense that it doesn't confirm his (false) prejudices. 4/ — PolitiTweet.org

Paul Krugman @paulkrugman

After all, what does Moore think makes those hundreds of economists worthless? He had multiple confrontations with Fed analysis in 2008 and after, in which he kept claiming that the Fed's policies would produce soaring inflation. Obviously Fed economists disagreed 3/ — PolitiTweet.org

Paul Krugman @paulkrugman

What you can easily miss is that Moore is calling for what amounts to a loyalty purge at the Fed 2/ https://t.co/rxRu1UoQgy — PolitiTweet.org

Paul Krugman @paulkrugman

Coming back to Stephen Moore's radicalism. The jaw-dropping line is "capitalism is more important than democracy" – it's like a liberal caricature of what conservatives think, but it turns out to be what they actually think. But there's more 1/ https://t.co/cS2OQBWgnd — PolitiTweet.org

Paul Krugman @paulkrugman

Now, there are real criticisms to be made of Sanders policy ideas. And of course he should release his taxes; if he's been foot-dragging because he's afraid people will learn that he's affluent, that's stupid too. But this line of criticism should be left to right-wing hacks 3/ — PolitiTweet.org

Paul Krugman @paulkrugman

If anything, politicians who argue for policies that would reduce their own income deserve a bit of extra praise. It's actually the opposite of hypocrisy. In this case, I'm pretty sure that this was just a bad editorial decision, not a Clintonite plot. But anyway, stop it 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

The "candidate X is wealthy, so he or she is a hypocrite in arguing for lower inequality" genre is deeply stupid, applied to Bernie Sanders or anyone else. 1/ https://t.co/NvqmnYpGE1 — PolitiTweet.org

Paul Krugman @paulkrugman

Combine that with the disastrous political effects of UK austerity, also unforced (no austerity, no Brexit); the Very Serious People of Europe basically destroyed it 3/ — PolitiTweet.org

Paul Krugman @paulkrugman

The other half is the enduring effects of the euro crisis -- burst Spanish housing bubble, forced austerity in S. Europe, etc. But Germany's unforced fiscal tightening is key – also to why Europe more fragile than US 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

Yes! Why does the eurozone need negative interest rates now despite a large external surplus, when pre-crisis it seemed able to achieve full employment much more easily? Rough estimate suggests that the German move toward austerity is around 1/2 the story 1/ — PolitiTweet.org

Paul Krugman @paulkrugman

I just scribbled down some notes on this article, which say ... hmm, I can't read my own handwriting anymore More seriously, this is a real issue for things like exams – students complain of not having enough time, partly because they're printing https://t.co/u32YTgFa85 — PolitiTweet.org

Paul Krugman @paulkrugman

He might get rejected, but it won't be because Rs disagree with his views – he just says the quiet parts out loud. 4/ — PolitiTweet.org

Paul Krugman @paulkrugman

The thing about Moore is that unlike Herman Cain, he's not a Trumpian outlier. Moore has been the GOP's go-to guy for economic propaganda for a long time: WSJ editorial writer, Heritage chief economist, regular conference speaker 3/ — PolitiTweet.org