Paul Krugman

Paul Krugman @paulkrugman

Stepping back a bit, in 1995 Newt Gingrich shut down the government in an attempt to force Bill Clinton to make major cuts in Medicare and Medicaid 6/ https://t.co/aFNxD5pcNx — PolitiTweet.org

Paul Krugman @paulkrugman

In 2005 George W. Bush tried to move forward with that plan, although conservatives insisted that calling it "privatization" (which polled badly) was a left-wing smear; meanwhile Cato quietly changed the name of its project 5/ — PolitiTweet.org

Paul Krugman @paulkrugman

Cato also created a Project on Social Security Privatization, which drew up plans for that happy event 4/ https://t.co/f9hluTKLMW — PolitiTweet.org

Paul Krugman @paulkrugman

In response the Cato Institute called for a "Leninist" approach (their term), setting the stage to exploit future crises to dismantle Social Security 3/ https://t.co/vWeynaEZgD — PolitiTweet.org

Paul Krugman @paulkrugman

Ronald Reagan tried to make significant cuts in Social Security in 1981, but backed down in the face of a huge public backlash 2/ https://t.co/KNTCnSxXWv — PolitiTweet.org

Paul Krugman @paulkrugman

Amid the desperate attempts by Fox News and its subsidiary, the Republican Party, to insist that Biden's true claims about GOP efforts to cut Medicare and Social Security are false, worth remembering some history 1/ — PolitiTweet.org

Paul Krugman @paulkrugman

So many statistical problems right now! We already knew core was less useful bc of used cars, long lag in reflecting market rents, and health insurance quirks. Now seasonals? I *think* inflation has fallen substantially but is still above target. But boy are things foggy — PolitiTweet.org

Paul Krugman @paulkrugman

Fun piece, and nice to be given credit for the phrase. But I actually only popularized the term "immaculate transfer"; it came originally from John Williamson https://t.co/gFJ8ZVjaMu — PolitiTweet.org

Paul Krugman @paulkrugman

RT @nytopinion: Does regulation hurt productivity? Maybe, writes @PaulKrugman, but productivity isn’t the only thing that matters. https:/… — PolitiTweet.org

Paul Krugman @paulkrugman

Chicken prices have been falling since September. So one big question is now resolved — PolitiTweet.org

Paul Krugman @paulkrugman

British CO2 per capita is back down to what it was in the 50s - the 1850s. — PolitiTweet.org

Paul Krugman @paulkrugman

Here's 6-month inflation annualized from start of Korean war and start of Biden admin 2/ https://t.co/ZN3DpTVKxz — PolitiTweet.org

Paul Krugman @paulkrugman

Revisiting some of the dire inflation/unemployment predictions from the summer and early fall, which make amazing reading. Obviously story isn't over yet, but it's really looking like Joe Gagnon's Korean War analogy: a large but brief inflation spike 1/ https://t.co/KYczIhhSaG — PolitiTweet.org

Paul Krugman @paulkrugman

So what you're saying is that we haven't had that spirit here since 1969? — PolitiTweet.org

Paul Krugman @paulkrugman

RT @GagnonMacro: As usual ⁦@paulkrugman⁩ finds a clever way to say something I have said less persuasively. “Dollar dominance sounds import… — PolitiTweet.org

Paul Krugman @paulkrugman

Nonsupervisory wages (longer time series). After a fairly brief spike, back to wage growth similar to previous business cycle peaks. Looking pretty transitory https://t.co/GxpzbVUCoQ — PolitiTweet.org

Paul Krugman @paulkrugman

Obviously they just wanted to see how we would react. That is, it was a trial balloon. I assume 53 million people have already made this joke, although oddly I haven't seen it. — PolitiTweet.org

Paul Krugman @paulkrugman

But some are highly confident in their ignorance — PolitiTweet.org

Paul Krugman @paulkrugman

Overall, the track record of the past two years looks pretty good. And if underlying inflation stays stuck at 3%, we're going to have to ask how much we're willing to pay to get it back down to 2 5/ — PolitiTweet.org

Paul Krugman @paulkrugman

On the other hand, probably some room for margin compression, and productivity reviving. So inflation in the 2-3% range for a while looks quite possible 4/ — PolitiTweet.org

Paul Krugman @paulkrugman

Obviously inflation has been big problem, although diminishing. I've learned not to get too excited about monthly earnings numbers but the latest are more or less consistent with the ECI: wage growth well off its peak, but still 1-1.5% above level consistent with 2% inflation 3/ — PolitiTweet.org

Paul Krugman @paulkrugman

We should take today's employment report with a grain of salt — lots of people who know these numbers well warned in advance of statistical noise. But it's clear that we have, in fact, been experiencing a ... Biden boom 2/ https://t.co/qdmMFN54L2 — PolitiTweet.org

Paul Krugman @paulkrugman

I don't think anything I've written in the past year has generated as much hate mail as this newsletter saying that we weren't in a recession 1/ https://t.co/48qpo9uWGj — PolitiTweet.org

Paul Krugman @paulkrugman

RT @nytopinion: “Even if Democrats were inclined to give in to extortion, which they aren’t," @paulkrugman writes, “you can’t pay off a bla… — PolitiTweet.org

Paul Krugman @paulkrugman

A really helpful if horrifying thread. "Human wave" attacks don't look like Pickett's charge. They're a series of rushes by small groups of men, many of whom don't make it, to forward firing positions. If successful, UKR has to retreat a bit, and the whole thing starts again — PolitiTweet.org

Paul Krugman @paulkrugman

The hits just coming against Team Stagflation. Remember when "quiet quitting" was going to keep inflation high? Obviously the news won't always be good; there will be some disappointing numbers eventually. But it's been a good stretch for optimists. — PolitiTweet.org

Paul Krugman @paulkrugman

People have been saying Goldilocks, but I think that gets the metaphor wrong. "Growthability" for growth plus price stability? — PolitiTweet.org

Paul Krugman @paulkrugman

Now we're debating how many modest rate hikes are needed to produce moderate economic cooling, which may or may not involve some rise in the unemployment rate. Serious and hard questions, but apocalypse not 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

Reading the Fed Kremlinology, and I understand why people parse these things carefully. But step back and consider how toned down the debate has become. Just the other day influential economists were insisting that we needed to go through something like this 1/ https://t.co/dRehEq1N7z — PolitiTweet.org

Paul Krugman @paulkrugman

RT @GC_CUNY: Announcing the spring 2023 season of @GCPresents public programs! Join us in person or via livestream - reserve now: https://… — PolitiTweet.org