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Paul Krugman @paulkrugman New York City

Nobel laureate. Op-Ed columnist, @nytopinion. Author, “The Return of Depression Economics,” “The Great Unraveling,” "Arguing With Zombies," + more.

55 Following   4,619,839 Followers   17,996 Tweets

Joined Twitter 10/27/08


it’s a bit peculiar that astronauts put on their space suits when outside the space station, yet wear ordinary unif… https://t.co/TvE5we1nS1
Retweeted by Paul KrugmanThis week on the Podcast, Nobel Prize-winning economist @paulkrugman shows why he's a Nobel Prize winner and I'm no… https://t.co/Vff7RZN9gF
Retweeted by Paul KrugmanWe're ruled by the Beavis and Butthead administration. "Look at how dorky Biden is in that mask — uh-huh-huh, uh-hu… https://t.co/EVa1t2hDKYI didn't have space to talk about how Trump's inability to admit error is widely shared in his party — which consis… https://t.co/ZbOgnzNQFgTrump's insecurity would be pitiful if it weren't killing thousands 1/ https://t.co/KLRfPuEHiJ
5/26
2020
"Biden apologized. And in so doing he made a powerful case for choosing him over Donald Trump in November," writes … https://t.co/vqdvM4YKcW
Retweeted by Paul Krugman
5/25
2020
Trump has not budged when it comes to stopping flights from Brazil, now the second-leading country in the world for… https://t.co/87IxR7H1Ca
Retweeted by Paul KrugmanWow. Good luck. A reminder that none of us are safe until all of us are safe. https://t.co/E0RQFjgKDiOh, and the president is golfing — without a mask 4/Obviously huge uncertainty, but rising odds for a nightmare this fall — still high and maybe surging deaths, mass f… https://t.co/e2ut0n9FjWOn the economic side, indications that unemployment heading toward 25%, yet Trump and Senate Rs determined to snatc… https://t.co/Phk9HMKWeCAre other people feeling the same sense of doom I'm feeling? On the epidemiological front, the virus is still rampa… https://t.co/cKVdEt0LgBTrump's assertion that the death toll is overstated is, among other things, a dress rehearsal for November. If he l… https://t.co/bznIiaAAmZThanks to the surprising success of the expanded benefit system there is "a lot less suffering than you might expec… https://t.co/7qJflbwxKK
Retweeted by Paul Krugman
5/23
2020
Has anyone pointed out that Biden is capable of admitting error? That by itself puts him on a higher moral plane than you know whoCOVID Update May 21: Something is happening in the world that we should pay attention to. Sadly we are ignoring it… https://t.co/PFEWodE1Vu
Retweeted by Paul Krugman. @PaulKrugman responded to readers commenting on his column "How Many Will Die for the Dow?" Join the conversation… https://t.co/3M5XI1FkrO
Retweeted by Paul KrugmanI will be debating the future of capitalism at 1.30 EST this Sunday with Deirdre McCloskey and @graceblakeley. You… https://t.co/x7hTek2k7OVirtual seminar with the OECD later this morning, here https://t.co/x04wki30eWRepeat after me: debt is money we owe to ourselves. It doesn't make the nation as a whole poorer. https://t.co/yyAkexUV0NOpenTable reservations still down 85% from a year ago 6/ https://t.co/NGW5uVH4kRFinal point: Trump may want to ignore the coronavirus, but the public may not oblige. Georgia has reopened, but its… https://t.co/kRzSHlzlCLBut I think there's a simple answer: Trump and those like him are fear mongers when that provides an excuse to puni… https://t.co/0AkC2FdM1gEzra Klein finds it puzzling that conservatives, who are usually more fearful than liberals, are so dismissive of t… https://t.co/JbRuQIogi8What's remarkable is that this isn't just a crime, it's a mistake. During the brief period when it seemed as if Tru… https://t.co/ZmOP7UjRDjTrump has been unable to shift away from boosterism, from pretending that everything is great on his watch, even in… https://t.co/4ejtgUloLi
5/22
2020
"Epidemiological modelers believe that tens of thousands of deaths might have been avoided if America had started l… https://t.co/CLcW0WYLNP
Retweeted by Paul KrugmanIf the pandemic were brought under control, the road to economic recovery could be short, @PaulKrugman says. But "n… https://t.co/uK4ngFEnY5
Retweeted by Paul KrugmanEconomists to epidemiologists: welcome to our world https://t.co/DrZxJ8J5nuThe BLS suggested that technical issues may have caused the April employment report to understate the unemployment… https://t.co/gHrgEg8a5IThis is not good. Purchasing managers' index suggests sharp economic decline continuing 1/ https://t.co/6iyxaHFDJS https://t.co/ZcMf3rYmyMApropos of nothing: I remember a contest, long ago, in which people were supposed to come up with new answers to "W… https://t.co/wAcrLTAXxJBut the operative word is "gradually": even by the year 2050 the US debt ratio would be lower than that in Britain… https://t.co/SdGCOny1xHTwo scenarios: primary balance, and a primary deficit of 2% of GDP, which is roughly where we were before the 2017… https://t.co/fCRyipHSUjCBO currently projects debt by the end of next year of 108 percent of GDP. How hard would that be to deal with? Bea… https://t.co/72pqCJxmnVBritain emerged from World War II with debt of more than 250 percent of GDP. It didn't have a debt crisis. And it n… https://t.co/cVNRheSeOuFirst, when people ask how we'll pay back the debt incurred as we respond to Covid-19, or suggest that debt over 10… https://t.co/jVwxBcpizxToday's broadcast, "Who's afraid of the big bad debt?", going up shortly. Let me share a couple of slides that may… https://t.co/uSAH3xkXJ7
5/21
2020
I do wonder, though, whether online restaurant reservations are a high-SES thing, and may not reflect how many peop… https://t.co/ZyNIf4s5E0A couple of implications. On one side, surge in new infections may be smaller than feared, because people aren't ch… https://t.co/EugtRW8PHaThis is neat. Opentable has data on restaurant reservations compared with same day last year… https://t.co/n12vSsATg9I approve this comment. Also, brainnnnns! https://t.co/tfd6F9rbb3Trump's infallibitis — inability to admit mistakes — has spread through the administration. Some evidence suggests… https://t.co/mRUJbkxwonPS: The next briefing in this series, available tomorrow morning, will be "Who's afraid of the big bad debt," tomor… https://t.co/DZCvpXGsg3And the debt scolds — who went into hiding when the GOP rammed through a $2 trillion tax cut — are emerging to say… https://t.co/DbdEcsativThey're back to insisting that helping people in need makes workers lazy 3/ https://t.co/ZSLjG72RowRepublicans are back to arguing that tax cuts are the solution to all problems 2/ https://t.co/pTAqKoABh2It's now clear that the pandemic will be followed by a zombie apocalypse. That is, zombie ideas — which should have… https://t.co/xfgW2fnYxkAwesome that financial reporters still can't get this right. CBO projects an 11% decline in GDP, which is 38% *at a… https://t.co/gFFBoiiYvc
5/20
2020
Give Americans who can't work a tax break on the money they can't earn. Brilliant https://t.co/pTAqKoABh2But Trump can't help himself: he's so insecure that he has to be right, always, and just doubles down on his disast… https://t.co/k9RaaJwsrGBy now even Fox News hosts realize that Trump's initial endorsement of hydrochloroquine — where did that come from,… https://t.co/osO1VgsnDKLet's be clear: we don't know whether Trump is actually taking hydrochloroquine. We only know that he *says* he's t… https://t.co/fliLcjg5clUnemployment benefits were $48.5 billion in first 15 days of May — equaling total for April. Money is flowing to wo… https://t.co/e9TZDAtHrYWe can keep families solvent during lockdown — in fact, we're doing it better than people realize https://t.co/5q6DlKTIiI
5/19
2020
Lots of reports about people who still haven't been able to get unemployment benefits. But federal outlays on UI fo… https://t.co/2pv9wx5G7G @equitablegrowth @communitychange @dorianwarren @Groundwork Here's a remarkable fact: although we talk (rightly) ab… https://t.co/bEM9JKe8nnDoing an austerity panel in about 20 minutes. 1/ https://t.co/mbuN7aSDTQTODAY: Join @paulkrugman, Kim Phillips-Fein, and @communitychange's @DorianWarren for a conversation on austerity a… https://t.co/XLcoaQEveb
Retweeted by Paul KrugmanMy webinar last Friday for Princeton's Bendheim Center https://t.co/4jRLVxF1Hf
5/18
2020
Now, small-business lending is a mess. But Congress did much more than people realize to help the unemployed, which… https://t.co/1riwbbMS9HAnd as the Brookings study pointed out, UI much more extensive in mid-May than April average 9/ https://t.co/NLAfFgif3ASo we're probably well under $100 billion in wage losses. Meanwhile: 8/ https://t.co/KoiPzs99g0 https://t.co/T4pipDNojuIf the wages of those laid off were the same as the average wage, this would have meant $109 billion in lost income… https://t.co/z1gYfIdePyActually, want to share my version of the Brookings calculation, just for future reference. Hours worked have falle… https://t.co/iAucLbiTkANot saying that workers are doing fine. They aren't. But expanded benefits — included at Democrats' insistence — ha… https://t.co/IOMYSWbI3sOn the other side, job markets seem to have stabilized in late April. So benefits are expanding, while wage income… https://t.co/Gb4N1joOd5On one side, availability of UI has expanded as states get past their bottlenecks, and the enhanced benefits in the… https://t.co/VXBh3ZOj0ABrookings did an analysis suggesting that about half the wage losses in April were offset by unemployment benefits.… https://t.co/rBW30HLm4dOne of the arguments being made for rushing to reopen, never mind the epidemiology, is that workers are desperate.… https://t.co/XiNEyMipoe
5/17
2020
And anyone who says people are still dying is part of a conspiracy. Call it CubicAnon https://t.co/h2RRAP8Z6XTrump's endgame will be to lie about coronavirus deaths to salvage his reelection hopes. So a group of Dem Senators… https://t.co/IaKEsAXvw2
Retweeted by Paul Krugman. @PaulKrugman responded to readers commenting on his column "Covid-19 Reality Has a Liberal Bias." Read their exch… https://t.co/i0MJxjhnbu
Retweeted by Paul KrugmanLife, liberty and the pursuit of happiness, except without the "life" bit https://t.co/YXJT9ePJMlSo it's a big world out there, and people are people, so we should learn from it 7/But that's also a mark of American insularity: ignorance of foreign experience turns other countries into rhetorica… https://t.co/iHDMC7JGslOne thing worth mentioning, though: in policy debates, people sometimes extol foreign role models that are more ima… https://t.co/knTKL2aT0qSafety-net programs aren't the only place to learn from others. When the 2008 crisis happened, economists who had p… https://t.co/hjLYXcoV5gAnd countries don't do everything well or everything badly. France has amazingly successful health care, seriously… https://t.co/oXPT028FT8By the way, it's not as simple as "Europe is to our left, and that's better." For example, one lesson is that singl… https://t.co/4S5ntdAslpThis is a favorite theme of mine. I teach a course, "Economics of the welfare state," that rests heavily on interna… https://t.co/mk8jzdisMCThe GOP doesn't do evidence-based policy, it does policy-based evidence https://t.co/CSFocFx5Hq
5/15
2020
It was just nine days ago when the White House’s famous “cubic model” predicted Covid-19 deaths would fall to zero… https://t.co/VjDHo9a6rx
Retweeted by Paul KrugmanYou got a problem with that? https://t.co/wMcu1VuIpEAt the time the joke was that the Russians had told them to withdraw into the heart of the country and wait for snow https://t.co/DTOiAvshFkRequire masks. It’s ok to have rules in a society.
Retweeted by Paul KrugmanBroadcast, "How fast can the economy recover," should now be available. Register here https://t.co/svcuYWKriz
5/14
2020
Next talk, "How fast can the economy recover?" will go online tomorrow morning. With music! https://t.co/svcuYWKrizWebinar with @paulkrugman (@NYTimes @CUNY) on "The Audacity of Slope" on Friday 📅 May 15th, 12:30 p.m. (ET), (18:… https://t.co/QDvAM4Mvhn
Retweeted by Paul Krugman100% of epidemiologists surveyed say economists should stay in their lane. https://t.co/dSlDAGogj9
Retweeted by Paul KrugmanThe thing is, while refusal to act responsibility by a minority is a problem for things like environmental issues,… https://t.co/unJ7kkWmNXAnd of course the armed and crazy segment is also the most likely to rebel against social distancing, face masks, e… https://t.co/EdzVhhqL60But it's a segment that the GOP defers to, and this being America, some of those people enraged by any hint that th… https://t.co/1fjDNJAk52It's very much a minority, even fringe segment 3/ https://t.co/UnnQ16rrFsOne thing I've noticed over the years is that there's a segment of the political right that flies into rage over fa… https://t.co/OVIy07z9pWExcellent thread on the problems American political culture poses for dealing with a public health emergency 1/ https://t.co/LAZyAiE6EEPlus a second wave of infections from premature opening could set recovery back a long, long time. What we need is… https://t.co/bEnHr9wC5AThat said, remember that expanded benefits expire July 31, state and local governments are in desperate straits, an… https://t.co/ejribJAlkPThe question now becomes how fast we can recover, which is what I'm mainly working on now. What I argued yesterday… https://t.co/DtcM9qgmIDWhat this says is that the feared second-round effects — slumping demand bc of loss of incomes, financial crisis —… https://t.co/GyUprfPHWH
5/13
2020

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