Paul Krugman

Paul Krugman @paulkrugman

Still thinking about why Americans are so downbeat about the economy, inspired in part by this Simon Wren-Lewis piece about Britain — where voters say that the Tories are better for the economy, but Labour better for living standards (!) 1/ https://t.co/oR56IoYyWW — PolitiTweet.org

Paul Krugman @paulkrugman

My favorite New York museum! When I described the 1935 apartment to my parents, both said "I grew up in that apartment" https://t.co/gkFdwkl1x1 — PolitiTweet.org

Paul Krugman @paulkrugman

I've been saying for years that Westerners who used to criticize Japan's response to its economic difficulties should go to Tokyo and apologize. They handled their slump better than we did a number of years later. — PolitiTweet.org

Paul Krugman @paulkrugman

The rise and rise of malignant whiners https://t.co/B8e68vc5Xw — PolitiTweet.org

Paul Krugman @paulkrugman

Fiscal stimulus is rapidly receding in the rear-view mirror. Should raise doubts among those demanding major interest rate rises https://t.co/igDiOdAL23 — PolitiTweet.org

Paul Krugman @paulkrugman

Remember when we were told that it was all about density and the rest of the country didn’t have to live by New York rules? — PolitiTweet.org

Paul Krugman @paulkrugman

RT @TBPInvictus: Wow. I guess NPR has not been following @charles_gaba for the last 6+ months. — PolitiTweet.org

Paul Krugman @paulkrugman

RT @nytopinion: “Monetarism — roughly speaking, the doctrine that says the money supply rules everything — was never supported by the evide… — PolitiTweet.org

Paul Krugman @paulkrugman

RT @TBPInvictus: Pastor Joel didn't understand that this is a problem that #Bitcoin actually would have solved. Couldn't happen to a nicer… — PolitiTweet.org

Paul Krugman @paulkrugman

A pet peeve of mine. They used to demand that Obama "focus" on the economy, without offering any hints what he should *do*. Wander around the WH saying "I'm focused, I'm focused"? Same thing now — PolitiTweet.org

Paul Krugman @paulkrugman

Inflation conversations with the IMF https://t.co/5ncdsOIQlO — PolitiTweet.org

Paul Krugman @paulkrugman

RT @nytopinion: Inflation is lower (but rising) in Europe, writes @PaulKrugman. What does that tell us? https://t.co/43jZcPgQw9 — PolitiTweet.org

Paul Krugman @paulkrugman

I know that's not necessarily a contradiction, but it's still striking. Also, yes, I'm aware that Powell said that use of the term "transitory" was a passing fad 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

In my timeline, people who used low European inflation to argue that US inflation wasn't transitory are arguing that today's big euro number reflects ... transitory factors 1/ — PolitiTweet.org

Paul Krugman @paulkrugman

What I wrote 2/ https://t.co/HYAPM7aAbj — PolitiTweet.org

Paul Krugman @paulkrugman

This article is in synch with the theme of today's column, that US workers at the bottom of the scale are quitting because their jobs are awful 1/ https://t.co/KI1KJtLsYH — PolitiTweet.org

Paul Krugman @paulkrugman

RT @nytopinion: “Perhaps one reason Europeans aren’t engaging in an American-style Great Resignation,” @paulkrugman writes, “is that they d… — PolitiTweet.org

Paul Krugman @paulkrugman

OK, I think I may be working too hard. I initially read this as *Doctor Who* saw omicron early, presumably to fix it with her sonic screwdriver https://t.co/iYta4zrV4I — PolitiTweet.org

Paul Krugman @paulkrugman

Of course, market doesn't have to be right. But economists declaring that the Fed must concede that this isn't transitory are arguing with the market as well as the Fed 3/ — PolitiTweet.org

Paul Krugman @paulkrugman

5-year breakeven is 2.9%, implying inflation beyond 2 years substantially lower. So bond market is in effect saying it believes inflation is transitory 2/ https://t.co/7XAam0H1IG — PolitiTweet.org

Paul Krugman @paulkrugman

For reference: inflation-protected Treasury due Jan 2024 is yielding -2.766, while nominal bond yielding 0.562. So implied 2-year inflation breakeven is ~3.3% 1/ https://t.co/fl2zU5H36X https://t.co/tiZOZlE0EG — PolitiTweet.org

Paul Krugman @paulkrugman

What's happening is complete faith in public ignorance. Alas, it might work 6/ — PolitiTweet.org

Paul Krugman @paulkrugman

Aside from that, they want to eliminate environmental protections, which aside from being a bad idea would take years to have any impact 5/ — PolitiTweet.org

Paul Krugman @paulkrugman

Labor force participation went nowhere 4/ https://t.co/exWjW6y0S3 — PolitiTweet.org

Paul Krugman @paulkrugman

Enhanced UI was cut off over the summer 3/ https://t.co/aBasI1aHJR — PolitiTweet.org

Paul Krugman @paulkrugman

Noticeable that they're still blaming unemployment benefits for reducing labor supply — when this happens to be an experiment we've done, which failed 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

So Republicans plan to run against inflation, while having zero ideas about how to bring it down 1/ https://t.co/V3TDszTIth — PolitiTweet.org

Paul Krugman @paulkrugman

Hmm. Texas was supposed to stay affordable because of weak zoning and not much Nimbyism. Curious why that isn't limiting prices in Austin https://t.co/E417gzgnBj — PolitiTweet.org

Paul Krugman @paulkrugman

Right now oil prices back down to 2018 levels. Headlines in a few weeks, probably: "Gas is cheap again. Why this is a problem for Biden" https://t.co/GnitCOCNpC — PolitiTweet.org

Paul Krugman @paulkrugman

And gotta say, today's fiscal hawks are showing some of the same symptoms as austerians a decade ago: sloppy analyses that confirm their priors, inventing new models on the fly to justify their stories, etc.. Think before posting 9/ — PolitiTweet.org