Paul Krugman

Paul Krugman @paulkrugman

For want of a nail, the kingdom was lost — PolitiTweet.org

Paul Krugman @paulkrugman

Boom in demand for goods bc services shot down by pandemic, which explains a lot. Phenomenon may be fading 2/ https://t.co/vinxQ0DHNQ — PolitiTweet.org

Paul Krugman @paulkrugman

Doing some homework on supply chain stuff, and noticing contrast between import path during aftermath of 2008 crisis and pandemic (from World Trade Monitor) 1/ https://t.co/W4BVncgrHr — PolitiTweet.org

Paul Krugman @paulkrugman

Not ready to celebrate until or unless we also get BBB. The case for investment in people — and climate! — is even stronger than the case for steel and concrete. But amazing how much can happen once you can push the ideologies and crony capitalists to one side 4/ — PolitiTweet.org

Paul Krugman @paulkrugman

2nd, Trump team was addicted to crony capitalism. They couldn't do a clean bill; it had to offer privatized stuff that would mean big bucks for their friends 3/ https://t.co/alnlqhyMBf — PolitiTweet.org

Paul Krugman @paulkrugman

I think two factors. 1st, the McConnell wing of the GOP doesn't want a successful spending program, even under an R president, because that might help legitimize an increased govt role in general. That is, they opposed infra not bc it might fail but bc it might succeed 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

Question: Why was "infrastructure week" a joke under Trump, who could have gotten the votes at any time, only to become reality now despite razor-thin Dem majority? It wasn't just incompetence, although that too 1/ — PolitiTweet.org

Paul Krugman @paulkrugman

An anecdote: Sometime during Obama's second term, not sure what year, he held a brainstorming session with progressive economists (I was wearing that hat, not journo). He opened by saying "Don't tell me I should spend a trillion on infrastructure. I know that, but I can't" — PolitiTweet.org

Paul Krugman @paulkrugman

No comment. And I am unanimous in that. https://t.co/V5v2vXRqKd — PolitiTweet.org

Paul Krugman @paulkrugman

RT @HeerJeet: Infrastructure Week jokes, 2017-2021, RIP. We'll never forget you. — PolitiTweet.org

Paul Krugman @paulkrugman

A nice graphic of something I've been saying — PolitiTweet.org

Paul Krugman @paulkrugman

RT @sahilkapur: The peculiar situation Dem leaders now face: some of the same holdouts demanding a CBO score showing Build Back Better is f… — PolitiTweet.org

Paul Krugman @paulkrugman

A suggestion for the invaluable FRED: given the wildness of the economy, it would be nice to have an option to display 3-month and 6-month rates of change, in addition to 1-year. https://t.co/eCr6mScytj — PolitiTweet.org

Paul Krugman @paulkrugman

RT @rortybomb: The initial August jobs number of 235K started a wave of economic panic in the press. It was actually 483K, nearly half a mi… — PolitiTweet.org

Paul Krugman @paulkrugman

This is a handful of corporate Dems — don't call them moderates — looking for a way to kill their party's biggest initiative without leaving fingerprints. They should be ashamed 3/ — PolitiTweet.org

Paul Krugman @paulkrugman

But in reality very hard to believe that these demands are being made in good faith. The funding for the physical infrastructure bill was more dubious, more smoke and mirrors, than the pay-fors on BBB. Yet they were fine with that 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

Suppose we take their concern at face value. If so, it's really silly. We're talking about very high return spending, with federal real borrowing costs negative. Your vote shouldn't depend on whether CBO finds that it slightly increases the deficit 1/ — PolitiTweet.org

Paul Krugman @paulkrugman

So it's all too possible that good news won't penetrate. Even if people are doing well, they'll imagine that other people like them are hurting. Dems need to sell success hard; but it might not work 7/ — PolitiTweet.org

Paul Krugman @paulkrugman

How many people buy 12 gallons a week? And here's the actual price of milk: 6/ https://t.co/KT83rAn1Wf — PolitiTweet.org

Paul Krugman @paulkrugman

Second, media narrative: some news orgs seem to have decided that the economy is bad, and aren't checking basic facts 5/ https://t.co/0sdjtkME8H — PolitiTweet.org

Paul Krugman @paulkrugman

But will the public notice? Two things give me pause. First, reality gets filtered through partisan lens. From Michigan Consumer Survey 4/ https://t.co/Dsjnzde0AH — PolitiTweet.org

Paul Krugman @paulkrugman

So when national mandates go into effect Jan. 4, they should work. And reduced Covid risk should ripple through the economy, helping demand shift to services and reducing pressure on supply chain 3/ — PolitiTweet.org

Paul Krugman @paulkrugman

Aside from Delta receding, good news on the effectiveness of vaccine mandates. NYC at 91 percent compliance, not facing the crunch widely predicted 2/ https://t.co/tziQO6xn6t — PolitiTweet.org

Paul Krugman @paulkrugman

The employment report was almost all good news, confirming surveys suggesting that the third-quarter air pocket was behind us. Labor force participation still low, but overall recovery very much on track 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

A week of terrible political news for Democrats has also been a week of good news on the economy and Covid. But will the objectively good news move public sentiment? A few thoughts 1/ — PolitiTweet.org

Paul Krugman @paulkrugman

Is quitting your lousy job like opting in to a retirement plan? https://t.co/jf6uNsyu8w — PolitiTweet.org

Paul Krugman @paulkrugman

I was busy and missed the CNN milk fiasco until now. Guys, I think you can afford to hire an RA who knows how to check BLS data? https://t.co/nuZ5rMKQgu — PolitiTweet.org

Paul Krugman @paulkrugman

Hearing a lot about right-wing chants lately. Have they thought about adopting this one? https://t.co/2hzwByALn4 — PolitiTweet.org

Paul Krugman @paulkrugman

We're doomed — PolitiTweet.org

Paul Krugman @paulkrugman

One issue that seems to have influenced voters Tuesday was the price of gasoline — over which Biden has no control. Here's US gas prices and the world price of oil (divided by 42 to make it a price per gallon) https://t.co/rSwv1q8DzN — PolitiTweet.org