Paul Krugman

Paul Krugman @paulkrugman

Pragmatic progressives versus centrists living in the past https://t.co/ddMton1Bwm — PolitiTweet.org

Paul Krugman @paulkrugman

RT @GC_CUNY: 10/6 @ 7:30p - join us for a discussion of the new book Survival of the City - reserve: https://t.co/jWdcS9wOs1 Feat. authors… — PolitiTweet.org

Paul Krugman @paulkrugman

How does someone say something like that without being jeered not just out of office but out of public life? 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

For all the stupid/vile things said by prominent politicians this month, I still don't think anything tops Greg Abbott's claim that his abortion ban is OK because he will "eliminate rapists". 1/ https://t.co/nhSZVKWe6M — PolitiTweet.org

Paul Krugman @paulkrugman

I don't know how much of that will survive in the series; and maybe it doesn't matter. If it's good TV, it's good TV, even if not much Asimov remains 5/ — PolitiTweet.org

Paul Krugman @paulkrugman

That is, each segment involves what looks like a crisis where everything hangs in the balance, and then, after it's resolved, Hari Seldon's hologram pops up to explain that the outcome was never in doubt 4/ — PolitiTweet.org

Paul Krugman @paulkrugman

It's not just that there's very little shoot-em-up action, that it's basically guys talking to each other. The whole thrust of the first book and a half is that math rules, and heroes are irrelevant 3/ — PolitiTweet.org

Paul Krugman @paulkrugman

FYI: Foundation had a huge influence on my young self. Mathematical social scientists saving civilization? Hey, I got as close as I could. But the novels are aggressively uncinematic 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

OK, the important stuff: I watched the 1st two episodes of Foundation, and ... I'm not sure yet. The show is gorgeous and fun to watch — which may be all that matters. But is it *Foundation*? 1/ — PolitiTweet.org

Paul Krugman @paulkrugman

So Manchin is balking at plans that would very much benefit his state via transfers from places like NY and CA 3/ — PolitiTweet.org

Paul Krugman @paulkrugman

In 2018. 1.1% of taxpayers nationwide had incomes >500K; in WV just 0.4%. Corporate taxes mainly fall on shareholders — and WV surely has much lower than average equity ownership 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

Indeed. WV depends a lot on federal aid; it's also a state with very few high-income taxpayers. 1/ https://t.co/ORWWgGWM8b — PolitiTweet.org

Paul Krugman @paulkrugman

The Trumpist reaction to the Arizona debacle has been straight out of "When prophecy fails"; complete refusal to acknowledge falsification. Yes, it's a cult. — PolitiTweet.org

Paul Krugman @paulkrugman

RT @nytopinion: Evergrande may not break China's economy, but the cracks are showing, says @PaulKrugman.  https://t.co/7gc49xsxOg — PolitiTweet.org

Paul Krugman @paulkrugman

Easy to become blase. But it really is outrageous 4/ — PolitiTweet.org

Paul Krugman @paulkrugman

Not even considering payroll taxes, which are 15.3% for most Americans but negligible for the rich, and state and local taxes, which are highly regressive 3/ — PolitiTweet.org

Paul Krugman @paulkrugman

We should all be furious about this; but maybe especially the merely affluent. Take my favorite from the movie Wall Street: "A $400,000 a year working Wall Street stiff, flying first class and being comfortable." According to IRS calculator, that guy pays 28% in fed income tax 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

Leona Helmsley was right: only the little people pay taxes. Well, OK, the richest 400 individuals pay about 8 percent taxes. But that's not much 1/ https://t.co/Q9e0lkG8NI — PolitiTweet.org

Paul Krugman @paulkrugman

Obligatory reminder: CBO projects cumulative GDP over the next decade of $288 trillion. $3.5 trillion is only 1.2% of that total. https://t.co/HPXqI8wKPL — PolitiTweet.org

Paul Krugman @paulkrugman

The plot is even more insidious than Flynn realizes. Since Real Americans (TM) don't eat salad, only meat and potatoes, this will increase their mortality, advancing the Great Replacement https://t.co/rF0TI3qZel — PolitiTweet.org

Paul Krugman @paulkrugman

Greg's point applies more generally. Do Rs "believe" that vax and mask mandates are an assault on liberty? Do they "believe" that climate change is a hoax? Do they even "believe" that tax cuts for the rich supercharge the economy? Never mind; it's all about the power grab — PolitiTweet.org

Paul Krugman @paulkrugman

Just wanted to flag this terrific Jamelle Bouie column. Democratic "moderates" are being deeply irresponsible, endangering everything for petty reasons, while the supposedly wild-eyed progressives are being adults https://t.co/hXaB00ZQ5O — PolitiTweet.org

Paul Krugman @paulkrugman

So even if Evergrande is contained — hey, remember when people said that about subprime? — it may be the leading edge of bigger problems 7/ — PolitiTweet.org

Paul Krugman @paulkrugman

Plus China's economy still wildly unbalanced 6/ https://t.co/trQIChRmef — PolitiTweet.org

Paul Krugman @paulkrugman

And if you think demography is a key factor in secstag — which I still mostly do, despite some recent discussion of inequality — worth noting that China is starting to display Japan-like demography (pop 15-64) 5/ https://t.co/3fKwfYk1AP — PolitiTweet.org

Paul Krugman @paulkrugman

In retrospect, there's a good case that the reason the bursting of the housing bubble seemed to matter so much was that it was masking an underlying problem of secular stagnation. The same might be said of Japan's real estate-stock bubble of the late 1980s 4/ — PolitiTweet.org

Paul Krugman @paulkrugman

What I mean is that the financial disruption of 2008-9 was fairly brief — but the economy stayed depressed for many years thereafter, suggesting that the liquidity crisis was less of the story than longer-term factors 3/ https://t.co/3I0c7oe6GC — PolitiTweet.org

Paul Krugman @paulkrugman

There seems to be a broad consensus that while bad, this isn't China's Lehman moment. Of course, broad consensuses have been wrong a lot these past 15 years. But here's the thing: even the Lehman moment wasn't really a Lehman moment 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

We cannot have a Chinese financial crisis right now. My schedule is already full. Anyway, trying to come up to speed on Evergrande; this post by Michael Pettis is helpful 1/ https://t.co/VTZHOVWnNL — PolitiTweet.org

Paul Krugman @paulkrugman

The overwhelming case for maintaining the expanded Child Tax Credit https://t.co/ZyVVs4E9YU — PolitiTweet.org