Paul Krugman

Paul Krugman @paulkrugman

Meanwhile, Trump's choice for the Federal Reserve says that the income tax is evil and that "Capitalism is a lot more important than democracy" 2/ https://t.co/cS2OQBWgnd — PolitiTweet.org

Paul Krugman @paulkrugman

The GOP plan for the election: to paint Dems as extremists with a combination of out of context quotes and flat-out lies 1/ https://t.co/Cy8xKZpNLw — PolitiTweet.org

Paul Krugman @paulkrugman

RT @JanetGornick: @paulkrugman is on @CNBC "The next downturn will be a ‘smorgasbord recession’". @stone_lis @GC_CUNY @jmalt87 Stay tuned f… — PolitiTweet.org

Paul Krugman @paulkrugman

RT @KFILE: Stephen Moore: "I don't really think I've said anything much about the gold – I'm not in favor of a gold standard." Erin Burnet… — PolitiTweet.org

Paul Krugman @paulkrugman

In this, as in so much else, the rot runs deep. Trumpism is not an aberration 9/ — PolitiTweet.org

Paul Krugman @paulkrugman

And as far as I can tell, not one of the SRCEs has spoken against Moore's appointment. In fact, Greg Mankiw is pretty much the only prominent Republican economist willing to speak up against a man they all know is a charlatan and crank 8/ — PolitiTweet.org

Paul Krugman @paulkrugman

There's a whole class of what I've taken to calling SRCEs – supposedly respectable conservative economists – who happily fed the GOP's monetary delusions. The 2010 open letter to Ben Bernanke gives you a good sample 7/ https://t.co/1jZBEcL7AQ — PolitiTweet.org

Paul Krugman @paulkrugman

On the contrary, to be a Republican economist in good standing, you have to have been consistently wrong about monetary policy, and refuse to admit that you were wrong. Moore is a flamboyant example, but not unique 6/ — PolitiTweet.org

Paul Krugman @paulkrugman

In fact, the concept of core inflation is one of the economic doctrines that – along with the liquidity trap and the Keynesian multiplier – came through the post-crisis years with flying colors. But there has been no reckoning on the right 5/ — PolitiTweet.org

Paul Krugman @paulkrugman

Of course, they didn't demand monetary expansion during the commodity price dip of 2015-6 – only GOP presidents get expansionary monetary policy. Still, let's act as if they were sincere. Surely the failure of runaway inflation to materialize should have provoked rethinking 4/ — PolitiTweet.org

Paul Krugman @paulkrugman

Republicans gave the Fed huge grief over that view. During the period 2010-2012, when commodity prices were rising due to global recovery, they kept insisting that this was a sign of imminent runaway inflation requiring tight money 3/ https://t.co/zqEyy93uu1 — PolitiTweet.org

Paul Krugman @paulkrugman

Here's the history of commodity price inflation vs the Fed's preferred measure of core inflation since 2005. The Fed's view has always been that core, which excludes volatile commodity prices, is a better guide to underlying inflation 2/ https://t.co/NbKJJWJ1e6 — PolitiTweet.org

Paul Krugman @paulkrugman

And what he now claims to support -- pegging the dollar to a basket of commodities – would be almost as bad as a gold standard. There's a history here – a history people like Moore refuse to learn from 1/ — PolitiTweet.org

Paul Krugman @paulkrugman

A really interesting piece from @sjwrenlewis on British media failures, in particular the failure to appreciate how far right the Tories had gone. Obvious parallels with US, where many pundits somehow keep being surprised by GOP extremism https://t.co/6jkpnZtcfi — PolitiTweet.org

Paul Krugman @paulkrugman

RT @MaxKennerly: Five years ago, @paulkrugman called out Moore in a column titled "Charlatans, Cranks and Kansas." Moore's response in the… — PolitiTweet.org

Paul Krugman @paulkrugman

I guess astrophysicist Katie Bouman is now in the same honored category as Captain Marvel: any kind of female achievement brings out the trolls https://t.co/55xfB3PZLx — PolitiTweet.org

Paul Krugman @paulkrugman

Indeed. While Stephen Moore is totally unqualified for the Fed, his actual policy views are also really stupid — PolitiTweet.org

Paul Krugman @paulkrugman

GND vs M4A: I'd take either gladly if we can get them, but I think the Green New Deal is smart strategy but Medicare for All -- as opposed to plans that let private insurance continue -- isn't https://t.co/19mO1Y5ZF6 — PolitiTweet.org

Paul Krugman @paulkrugman

Purity vs. Pragmatism, Environment vs. Health https://t.co/5rEWcSDpP8 — PolitiTweet.org

Paul Krugman @paulkrugman

Hence the Green New Deal. In the end, I expect and hope that a carbon tax will end up being part of that program. But the program has to deliver a lot to make people accept that tax 7/ — PolitiTweet.org

Paul Krugman @paulkrugman

That's why it's a good idea to link NYC's new congestion charge to subway repair and renovation. And since a carbon tax is a much bigger thing, it would need to be sold as part of major program of life-changing investments 6/ — PolitiTweet.org

Paul Krugman @paulkrugman

I think the same thing would happen to a redistributed carbon tax. Some people would be furious -- think of the yellow vests in France -- while the broad public wouldn't notice their gains. To work, climate action has to be linked to things that loom large in people's lives 5/ — PolitiTweet.org

Paul Krugman @paulkrugman

Think of the political failure of the Trump tax cut. yes, it was terrible policy. But it did give many voters a little bit of a cut. Yet the sums involved were small, and most people didn't even notice them 4/ — PolitiTweet.org

Paul Krugman @paulkrugman

What we need, then, is something that gives ordinary people a stake in climate legislation. Yet like @drvox, I don't think a carbon tax redistributed as a dividend to the public would do the job. Why? Because it wouldn't generate enough intensity 3/ — PolitiTweet.org

Paul Krugman @paulkrugman

Waxman-Markey wasn't an idealistic attempt to achieve the politically impossible; it tried to buy off interest groups by giving them the emission rights under cap and trade. But its pragmatism was aimed at appeasing industry, not getting public buy-in 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

I want to return to this @drvox thread on why the climate bill failed in 2009-10; he thinks the lessons make the case for a Green New Deal, and so do I 1/ https://t.co/bde5waJ52D — PolitiTweet.org

Paul Krugman @paulkrugman

RT @drvox: 1. In 2013, famed political scientist Theda Skocpol released an influential analysis of what went wrong with the 2008-2010 clima… — PolitiTweet.org

Paul Krugman @paulkrugman

RT @JanetGornick: Yes, that's pretty much it. (The number fluctuates a bit, year to year). #secondgildedage Source: Forbes. https://t.co/… — PolitiTweet.org

Paul Krugman @paulkrugman

RT @tribelaw: I agree with @LHSummers here. The law is clear that the Treasury Secretary has no authority to prevent IRS from complying wit… — PolitiTweet.org

Paul Krugman @paulkrugman

RT @donie: NEW: Racist and anti-Semitic comments flooded YouTube livestream of congressional hearing on white nationalism. YouTube was fo… — PolitiTweet.org