Paul Krugman

Paul Krugman @paulkrugman

Worth noting that Denmark, with its 2/3 unionized work force and $22 fast food wages, has HIGHER employment than the US 2/ https://t.co/nBJWg1mvgi — PolitiTweet.org

Paul Krugman @paulkrugman

This is a really interesting piece on what strong labor bargaining power actually looks like 1/ https://t.co/1Ad1k8B2cz — PolitiTweet.org

Paul Krugman @paulkrugman

RT @nytopinion: "Coal mining is a cultural tradition, and it’s a part of Appalachia’s history. But if Joe Manchin wants to actually serve t… — PolitiTweet.org

Paul Krugman @paulkrugman

RT @gabriel_zucman: Good thread Also worth noting that if one looks at the bottom 50%, pre-tax-and-transfer income is actually higher in F… — PolitiTweet.org

Paul Krugman @paulkrugman

If you want to oppose Biden's plans, fine. But don't base your case on what you think you've heard about the problems Europe had in the 1990s. 4/ — PolitiTweet.org

Paul Krugman @paulkrugman

GDP per capita is lower, but mainly because Europeans take much more vacation time than Americans do — and not because of high taxes. Alesina et al debunked that claim (and Prescott) long ago 3/ https://t.co/5P9wLSpizO https://t.co/0lowYFPIiP — PolitiTweet.org

Paul Krugman @paulkrugman

The image of Europe staggering under the disincentive effects of taxes and social benefits is way out of date. These days prime-age adults are *more* likely to be employed in Europe than in the US 2/ https://t.co/Ykfz4UjSFK — PolitiTweet.org

Paul Krugman @paulkrugman

Really surprised to see Greg Mankiw raising the specter of European economies depressed by excessively large welfare states. Even more surprised to see him citing as his main source a 2003(!) paper by Ed Prescott 1/ https://t.co/B2q3UDjivF — PolitiTweet.org

Paul Krugman @paulkrugman

But remember, the Trump administration was "populist" 3/ — PolitiTweet.org

Paul Krugman @paulkrugman

Who would think the economic record of the last 40 years, as compared with the postwar boom, was really great? Oh, wait 2/ https://t.co/RQtOwLg5hH — PolitiTweet.org

Paul Krugman @paulkrugman

So I see that former Trump advisers like Stephen Moore are campaigning against Biden's plans because they would reverse the 40-year Reagan revolution that has really changed the country." And this would be a bad thing because? 1/ https://t.co/E6r6ntH5la — PolitiTweet.org

Paul Krugman @paulkrugman

And I'm done. So what happened with the CA recall? (OK, I wasn't that out of touch.) Regular service will resume shortly. This is what I've been doing: https://t.co/JP45tVFgVk — PolitiTweet.org

Paul Krugman @paulkrugman

PSA: I'm on a bike trip this week. 32 miles and 2000' elevation gain tomorrow. So no columns or newsletters. Maybe an occasional tweet, or maybe not. Reengaging with reality next weekend. — PolitiTweet.org

Paul Krugman @paulkrugman

Many Rs saying that the only reason Biden is mandating vaccines is to distract people from Afghanistan or something. I dunno; maybe it has something to do with this? https://t.co/FrfTWb4L4S — PolitiTweet.org

Paul Krugman @paulkrugman

RT @nytopinion: Companies aren’t acting as if they expect lots of future inflation, @paulkrugman notes. They’re acting, instead, as if they… — PolitiTweet.org

Paul Krugman @paulkrugman

I mean, freedom for SC is working out so well 2/ https://t.co/OcjOsxCgI5 — PolitiTweet.org

Paul Krugman @paulkrugman

The governor of South Carolina has declared war on vaccine mandates, continuing his state's tradition of standing up for liberty 1/ https://t.co/WxGMHnL8YR — PolitiTweet.org

Paul Krugman @paulkrugman

Again, he's doing the right thing regardless of the politics. But he may also have chosen favorable ground for a big political fight 5/ — PolitiTweet.org

Paul Krugman @paulkrugman

But Biden is fighting back. He's using executive authority to save lives, and basically daring Rs to put themselves on the side of the minority trying to ruin life for the rest of us 4/ — PolitiTweet.org

Paul Krugman @paulkrugman

Rs are now sabotaging Biden by undermining the fight against Covid; how self-conscious they are about this is something we can argue, but that's how it's working out. And having blocked basic public health measures, they're all set to blame Biden for Covid's persistence 3/ — PolitiTweet.org

Paul Krugman @paulkrugman

It's now clear that Republicans effectively sabotaged Obama's economy, slowing the recovery, by imposing fiscal austerity (using completely false claims that they were worried about debt.) And Obama was basically passive, even accepting their premises 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

Biden's vaccine mandate is terrific public policy; it is, more or less literally, what the doctor ordered. Is it good politics? We don't know. But one thing worth noting is the contrast with Obama 1/ — PolitiTweet.org

Paul Krugman @paulkrugman

RT @nytopinion: "America was viciously attacked 20 years ago," @paulkrugman writes. "But even then, the call that mattered was coming from… — PolitiTweet.org

Paul Krugman @paulkrugman

RT @JanetGornick: Check out GC Public Programs' fall 2019 line-up. The whole series looks excellent - including three co-hosted by @stone_l… — PolitiTweet.org

Paul Krugman @paulkrugman

I don't know how it will play politically; I don't even know how the news media will cover it, whether they'll de facto take the side of the irresponsible minority. But Biden needed to be bold, and he has surpassed expectations 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

Today, Joe Biden became president. OK, he already was. But this is huge — a dramatic assertion of his right and duty to protect the American people from harm 1/ https://t.co/xjul6IZ2dw — PolitiTweet.org

Paul Krugman @paulkrugman

I still think it would take protracted overheating to bring stagflation back. And that still doesn't look likely 8/ — PolitiTweet.org

Paul Krugman @paulkrugman

Just in general, I don't get the sense that price- and wage-setters are acting as if they expect sustained inflation ahead. Which means that we are not reliving the 70s. 7/ — PolitiTweet.org

Paul Krugman @paulkrugman

Presumably firms reluctant to offer across-the-board wage increase because they don't expect economy-wide wages to keep increasing, and don't want to lock in higher costs 6/ — PolitiTweet.org

Paul Krugman @paulkrugman

Struck by this line from the Beige Book: "Some contacts said that pay equity across workers made it difficult to raise wages for new hires." 5/ https://t.co/DQ8ZS4xlVZ — PolitiTweet.org