Paul Krugman

Paul Krugman @paulkrugman

RT @larry_levitt: One challenge with addressing gun violence as a public health issue: We haven't been so good at addressing public health… — PolitiTweet.org

Paul Krugman @paulkrugman

Good article. "stablecoins start with a convoluted and inefficient base technology in order to avoid intermediaries, and then add intermediaries (often with apparent conflicts of interest) back in." But doesn't the argument apply to crypto in general? https://t.co/KtKVTmuU6y — PolitiTweet.org

Paul Krugman @paulkrugman

Kim Lane Scheppele was a close colleague at Princeton who warned about Orban's destruction of democracy very early on — among other things, guest-posting on my blog. We should heed her warnings https://t.co/NVKuqKiBsQ — PolitiTweet.org

Paul Krugman @paulkrugman

Responding to events like this with "solutions" that politicians know perfectly well make no sense is, well, depraved. And we shouldn't refrain from saying that 8/ — PolitiTweet.org

Paul Krugman @paulkrugman

By now, we've become inured to the callousness and corruption of the pro-gun forces. But we shouldn't shrug our shoulders. 7/ — PolitiTweet.org

Paul Krugman @paulkrugman

And by the way, it's not just the mass shootings. When there are lots of guns around, there are lots of shootings. We're all worried about the recent rise in NYC homicides, but Houston — with <30% the population — had almost as many murders last year 6/ — PolitiTweet.org

Paul Krugman @paulkrugman

It's absurd — and they know it's absurd. This is about catering to the small minority that really wants their guns, and Republicans consider the associated death toll acceptable. 5/ — PolitiTweet.org

Paul Krugman @paulkrugman

It is, of course, absurd. And they know it's absurd. What this is really about is the small minority of Americans who imagine that they'll feel bigger if they can walk around with guns; and Republicans consider the death toll an acceptable price for catering to this minority 5/ — PolitiTweet.org

Paul Krugman @paulkrugman

So to "harden these targets", which is what Dan Patrick called for last night, would in effect require a military force bigger than the Marine Corps, which has ~180,000 members. And yes, a military force; remember, body armor 4/ https://t.co/AxkgDXVkc4 — PolitiTweet.org

Paul Krugman @paulkrugman

And think about what trying to secure vulnerable locations with armed guards would involve. There are ~130,000 K-12 schools in America, ~40,000 supermarkets, and plenty of other venues for potential mass shootings 3/ — PolitiTweet.org

Paul Krugman @paulkrugman

Amazingly, the usual suspects are rolling out the "good guy with a gun" argument — we need armed teachers and security guards — even though in both Buffalo and, reportedly, Uvalde there *were* good guys with guns who tried and failed to stop shooters wearing body armor 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

In a different time zone, so I woke up to the Uvalde news. As usual, the people making such things possible are demanding that we refrain from politicizing the horror. Hell no. Unrestricted access to deadly weapons is a political choice, and we should say it 1/ — PolitiTweet.org

Paul Krugman @paulkrugman

Meanwhile, let's not lose sight of what really matters more than everything else https://t.co/u2sca2Lb6N — PolitiTweet.org

Paul Krugman @paulkrugman

But I think it's important to realize that much of the doom and gloom you'll be hearing from some people actually — and perhaps subconsciously — reflects wishful thinking 7/ — PolitiTweet.org

Paul Krugman @paulkrugman

I expect to see many op-eds in the next few weeks to the effect that yes, we have a runaway wage-price spiral and the Fed is failing the test. And the truth is that I'm not sure that the Fed has got this; I think it has, but have been wrong before 6/ — PolitiTweet.org

Paul Krugman @paulkrugman

This is very upsetting to those who were reveling in the inflation spike — in the guise of expressing deep concern, of course. So the demands for a reign of fire and blood to curb inflation are getting louder even as the case for such a reign is getting weaker 6/ — PolitiTweet.org

Paul Krugman @paulkrugman

Markets have noticed: implied inflation expectations over the medium term have fallen. And some Fed officials have mentioned the change 5/ https://t.co/JjSf6GoicU — PolitiTweet.org

Paul Krugman @paulkrugman

But that era seems to be over. I wouldn't say that the inflation news is consistently good, but it has been mixed, with some indications of supply chains unkinking, wage growth moderating, etc. 4/ — PolitiTweet.org

Paul Krugman @paulkrugman

And to be fair, there was a long stretch when inflation indicators kept surprising on the upside; there was in effect a Murphy's Law era in which it seemed that everything that could go wrong, did 3/ — PolitiTweet.org

Paul Krugman @paulkrugman

Not the thing itself, of course — but the way rising inflation, and the fact that fiscal and monetary doves (like me) got it wrong — put them in their happy place: denouncing the evils of government spending and central banks running the printing presses 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

A bit more on this. I don't think you can understand current inflation discourse without realizing that there were some people — some investors, many in the econo-commentariat — who have been loving high inflation 1/ https://t.co/d03L2RODi6 — PolitiTweet.org

Paul Krugman @paulkrugman

RT @nytopinion: "This is why we need to limit political donations and stop these folks from buying elections," writes Bill H. from Philadel… — PolitiTweet.org

Paul Krugman @paulkrugman

The point is that you can make a legitimate argument to the effect that the Fed isn't slamming on the brakes hard enough (I disagree, but could of course be wrong). But this is a claim about what's driving financial markets that seems to be flat-out false. — PolitiTweet.org

Paul Krugman @paulkrugman

Aha. Joe Weisental beat me to it. https://t.co/Yy2DTkyHAP — PolitiTweet.org

Paul Krugman @paulkrugman

Um, what? Was just noticing that market expectations of inflation seem to be falling fast: 5-year breakeven was 3.6% two months ago, 2.9% now. Maybe inflation really is out of control, but markets don't seem to think so. — PolitiTweet.org

Paul Krugman @paulkrugman

RT @nytopinion: The right turn by some technology billionaires is “may I say, very stupid,” @paulkrugman writes. “For even vast wealth offe… — PolitiTweet.org

Paul Krugman @paulkrugman

Up early in a different time zone. Anyway, I wrote about Max Weber, Elon Musk and motivated stupidity by billionaires https://t.co/h6mTmC6Q7L — PolitiTweet.org

Paul Krugman @paulkrugman

As some of us have been pointing out for a while, there's an immense disconnect between what people say about the economy, which they say is terrible, and what they say about their own financial situation. Whatever your explanation, something strange is going on — PolitiTweet.org

Paul Krugman @paulkrugman

I guess everything really is upside down in Australia: a conservative lost an election — and conceded — PolitiTweet.org

Paul Krugman @paulkrugman

RT @PhillipsPOBrien: IOW, helping Ukraine win is the way to keep support for the war and allow Ukraine to emerge victorious. Forcing it to… — PolitiTweet.org