Paul Krugman

Paul Krugman @paulkrugman

More on Stephen Moore, reportedly under consideration for the Fed. He made a bad prediction, which happens -- but r… https://t.co/4voA513IGd — PolitiTweet.org

Paul Krugman @paulkrugman

The Columbia Journalism Review reported on this, and why some papers won't print him anymore. So put him in charge of the economy instead? 2/ https://t.co/hCnte39Eer — PolitiTweet.org

Paul Krugman @paulkrugman

Amazing. Moore isn't just a hack, with terrible judgment. He's a hack who has repeatedly shown himself unable even… https://t.co/cXzCc2rwSL — PolitiTweet.org

Paul Krugman @paulkrugman

As described, MMT is just IS-LM with the assumption that the Fed will always keep the interest rate at zero. Still don't see what we get out of it. https://t.co/ePHnrymwDr — PolitiTweet.org

Paul Krugman @paulkrugman

And a postscript to Nikki Haley's apparent belief that Finland has terrible health care (it's actually better than ours); a new survey finds that Finland is ... the world's happiest country (we're #19, and falling) https://t.co/qS8LmcYgQs — PolitiTweet.org

Paul Krugman @paulkrugman

I mean, who would tell him? And that, aside from the fact that policy expertise and running a company are completely different domains, is why CEOs are so often terrible on policy 6/ — PolitiTweet.org

Paul Krugman @paulkrugman

And history since then has been very unkind to the skills-gappers. But do you think Dimon has spent time asking why he was wrong, whether he was listening to the wrong people? Do you think he's even aware how wrong his call was? 5/ https://t.co/aXEJ80efRP — PolitiTweet.org

Paul Krugman @paulkrugman

Even at the time most economists who looked at the issue seriously had long since concluded that this was all wrong: if skilled workers were scarce, why weren't their wages rising? 4/ https://t.co/Gvu1ZTmchA — PolitiTweet.org

Paul Krugman @paulkrugman

But Dimon had his own episode (there may have been others); he was one of the biggest proponents of the idea that high US unemployment wasn't about inadequate demand and destructive austerity, it was about a "skills gap" 3/ https://t.co/dDLe3jUVKC — PolitiTweet.org

Paul Krugman @paulkrugman

The most dramatic example right now is Howard Schultz going on about the evils of debt at the very time leading macroeconomic experts have concluded, based on careful evaluation of the evidence, that debt worries are vastly overblown 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

Yes – and actually a bit worse than that. CEOs who inject themselves into policy debate have a specific kind of bias (besides the obvious class bias): they're very susceptible to "seriousity" (my riff on "truthiness"); stuff that sounds serious when it isn't 1/ — PolitiTweet.org

Paul Krugman @paulkrugman

RT @nytopinion: "Medicare for All" or "Medicare for America"? @PaulKrugman breaks it down. https://t.co/SdCr9lCUST — PolitiTweet.org

Paul Krugman @paulkrugman

RT @TopherSpiro: .@paulkrugman: "Medicare for America — which lets people keep employment-based insurance — looks like a much better bet fo… — PolitiTweet.org

Paul Krugman @paulkrugman

Actually, the thought that we had a UN Ambassador that ignorant about the world would be troubling, if it weren't so much a piece with everything else going on in Trumpist America — PolitiTweet.org

Paul Krugman @paulkrugman

I thought people had gotten well past the delusion that America has the world's best health care -- let alone imagining that Scandinavian nations are socialist hellholes. But I guess I was wrong. — PolitiTweet.org

Paul Krugman @paulkrugman

I somehow missed this terrific post by @sjwrenlewis. "No one in 100 years time who suffers the catastrophic and (for them) irreversible impact of climate change is going to console themselves that at least they did not increase the national debt." https://t.co/1GhEncfPAb — PolitiTweet.org

Paul Krugman @paulkrugman

I generally don't do horserace politics. But with an unpopular president, a mobilized Democratic base, and before the "Bernie is Hugo Chavez with a New York accent" stuff even gets started, isn't this actually a terrible poll for Sanders? — PolitiTweet.org

Paul Krugman @paulkrugman

That's really hard economic logic to fight, and there are few if any successful role models 6/ — PolitiTweet.org

Paul Krugman @paulkrugman

In principle, rural areas could sustain themselves other ways -- and some do. But on average, businesses and, in many cases, people themselves are going to prefer metro areas with bigger markets, broader economic bases, and more amenities 5/ — PolitiTweet.org

Paul Krugman @paulkrugman

Now, US population has doubled since then, we eat more meat and other foods that require more agricultural production, and we export a lot. But food tends to take a declining share of income as income rises, and we just can't find work for many farmers these days 4/ — PolitiTweet.org

Paul Krugman @paulkrugman

The fundamental fact is that we no longer need many farmers. Here's a rough estimate of the growth in farm productivity over the past 70 years. The average farmer produces 24x times as much as in 1948 3/ https://t.co/gixjDvaQjc — PolitiTweet.org

Paul Krugman @paulkrugman

But I do want to emphasize the limits to most proposed solutions. Yes, we can stop favoring agribusiness over family farms, improve rural infrastructure (broadband! yes!), ensure that health care is accessible, and much more. But ... 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

I've been getting a lot of commentary from farmers/rural Americans about Tuesday's column about the problem of declining regions. Almost all of it was (surprise!) reasoned and illuminating 1/ https://t.co/5ozJA4poBS — PolitiTweet.org

Paul Krugman @paulkrugman

Barry Ritholtz talks about bad investment advice from "WOCRAPs — that’s white, old, conservative, rich, American pundits." Not just bad investment advice! https://t.co/iLoNjfLVS2 — PolitiTweet.org

Paul Krugman @paulkrugman

RT @TaxPolicyCenter: Did the #TCJA create the surge in #GDP its supporters hoped for? According to @WilliamGale2 and Aaron Krupkin, revenue… — PolitiTweet.org

Paul Krugman @paulkrugman

And the Fed has marked its growth forecast down. Nobody but the Trumpies believes in the magic of their tax cut https://t.co/nSPsifQs75 — PolitiTweet.org

Paul Krugman @paulkrugman

RT @jbendery: The cow that Devin Nunes is suing now has more Twitter followers than Devin Nunes https://t.co/viOrgiZsMr via @AndyBCampbell — PolitiTweet.org

Paul Krugman @paulkrugman

We kind of knew that this was what the report said. But if Trump acts on it, it will be a catastrophe on multiple l… https://t.co/g3yJv8Yfdi — PolitiTweet.org

Paul Krugman @paulkrugman

Jabba the Hutt does the best economic analysis. https://t.co/tgrW9vxkNk — PolitiTweet.org

Paul Krugman @paulkrugman

People who fear autonomous vehicles should compare them with human drivers. Having spent many years driving in New Jersey, I for one welcome our new robot overlords https://t.co/AHGtEyAM69 — PolitiTweet.org