Paul Krugman

Paul Krugman @paulkrugman

The good news — and it is good news — is that the Fed seems more realistic about what controlling inflation will require. It's still betting on a soft landing, but is now clearer that even a soft landing probably requires some rise in unemployment 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

I was too jet lagged to weigh in on the Fed yesterday, but a quick take: I think the Fed went for 75 as insurance against a possible slippage in long-term expectations. Not sure it makes much difference at all to the economic outlook 1/ — PolitiTweet.org

Paul Krugman @paulkrugman

When I wrote about crime, lots of mail from people insisting that it was all about “Democrat cities “ — PolitiTweet.org

Paul Krugman @paulkrugman

So the economy needs to cool off, which probably means some rise in unemployment. I still don't see the case for a deep recession; despite an uptick in survey numbers, inflation doesn't seem embedded in the economy. But a rough patch for sure 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

For what it's worth, I agree with just about all this discussion, I've been saying that underlying inflation is 3.5-4 percent; that last print pushed towards the upper end of the range 1/ https://t.co/8d82kli9vn — PolitiTweet.org

Paul Krugman @paulkrugman

Can't resist sharing my favorite moment from Person of Interest https://t.co/xn87OIxXsV — PolitiTweet.org

Paul Krugman @paulkrugman

My theory: the AI ordered that he be fired. — PolitiTweet.org

Paul Krugman @paulkrugman

America used to seem more advanced than the rest of the world, even rich countries, in many dimensions. But that's no longer true. I love my country; I can't wait to get back. But something is going very wrong in what is still, for the moment, the land of the free 6/ — PolitiTweet.org

Paul Krugman @paulkrugman

I can't help feeling that these mortality indicators are symptoms of a broader problem — maybe linked to rising inequality, although not committing to that view. And also, I suspect, linked in a meta way to the problems of US democracy 5/ — PolitiTweet.org

Paul Krugman @paulkrugman

Of course, this goes with lots of other data showing America falling behind on health and other measures 4/ https://t.co/FNBffaT99H — PolitiTweet.org

Paul Krugman @paulkrugman

It wasn't my imagination: driving in PT really was dangerous. But it doesn't feel that way now — and the data confirm my impression. In fact, traffic safety has improved a lot across Europe; in America, not so much 3/ — PolitiTweet.org

Paul Krugman @paulkrugman

Background: I spent 3 months working in Portugal in 1976. Fascinating and fun; but at the time the country was fairly backward. And the driving ... we had a running joke every time someone did something crazy on the road: "It's Silva the idiot!" (Lots of Silvas in PT) 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

I'm almost at the end of a long European trip — mostly visiting friends and going to a few conferences, not having fancy conversations with world leaders — and thinking about what I've been seeing. Here's a chart you might not expect 1/ https://t.co/HXVES3hJko — PolitiTweet.org

Paul Krugman @paulkrugman

Related: New York has an incredibly low murder rate compared with many red-state cities. Shouldn't there be hearings about what NYC is doing right and how to emulate it? — PolitiTweet.org

Paul Krugman @paulkrugman

Godwin's Law violation! Oh, wait ... — PolitiTweet.org

Paul Krugman @paulkrugman

And yet I keep hearing from crypto boosters insisting that it will reduce transaction costs. Also that it's very new, so the world doesn't get it yet — even though Bitcoin is 13 years old — PolitiTweet.org

Paul Krugman @paulkrugman

No complacency, and far too soon for Fed to consider calling off rate hikes. But suppose we enter 2023 with ~3% inflation and ~4% unemployment, which seems quite possible. Given the shock to the system, won't that count as a success story? 6/ — PolitiTweet.org

Paul Krugman @paulkrugman

Wage growth slowing too 5/ https://t.co/gUPuz99s18 — PolitiTweet.org

Paul Krugman @paulkrugman

Some evidence of underlying inflation slowing 4/ https://t.co/C4mD579pHq — PolitiTweet.org

Paul Krugman @paulkrugman

Also true of consumer expectations from Michigan and NY Fed surveys 3/ https://t.co/IExXuaDAzk — PolitiTweet.org

Paul Krugman @paulkrugman

First, absolutely no sign of expectations getting de-anchored. Market expectations of longer-term inflation have risen much less than recent price rises 2/ https://t.co/Kj8tqDrYwu — PolitiTweet.org

Paul Krugman @paulkrugman

The media seem to be reaching peak inflation hysteria at the very moment early indications suggest that inflation, while still too high, is receding. Obviously don't want to be complacent after the past year. But a few points worth making 1/ — PolitiTweet.org

Paul Krugman @paulkrugman

Actually a bit surprised that the article didn't mention the death of the Aral Sea as a precedent https://t.co/Sv3NBkSnUl — PolitiTweet.org

Paul Krugman @paulkrugman

Depressing that so many readers thought this newsletter was mainly about Elon Musk, not globalization. But the customer is always right — PolitiTweet.org

Paul Krugman @paulkrugman

A truly depressing article. Not so much the looming disaster — lots of those coming — but the unwillingness of a huge metro area to act despite catastrophe looming right in front of them https://t.co/IhMsVIOgxI — PolitiTweet.org

Paul Krugman @paulkrugman

Mars needs women. And men. Lots of them — or no point in going at all https://t.co/8YbRmyH0iF — PolitiTweet.org

Paul Krugman @paulkrugman

Huh. I knew that New York was pretty safe by American standards, but just how safe it is is amazing. Perceptions are totally at odd with reality https://t.co/XWXjfzFEbq — PolitiTweet.org

Paul Krugman @paulkrugman

RT @nytopinion: “The ideology of crypto is a mix of technobabble and libertarian derp,” writes @paulkrugman in response to a comment by She… — PolitiTweet.org

Paul Krugman @paulkrugman

Since it's June 6, always thought this clip from Band of Brothers did a great job of conveying the sheer scale of the operation — and the courage it required https://t.co/8asuKnKmjK — PolitiTweet.org

Paul Krugman @paulkrugman

So yes, gas prices, but also a strange perception gap: don't recession you, don't recession me, recession that fellow behind the tree. 4/ — PolitiTweet.org