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4,495,352 followers   •   40 following   •   New York City   •   http://krugman.blogs.nyti
Nobel laureate. Op-Ed columnist, @nytopinion. Author, “The Return of Depression Economics,” “The Great Unraveling,” “The Age of Diminished Expectations” + more.

Latest Scoops

Interesting: consumer confidence is slipping fairly fast. Is it political or an appreciation of economic slowing not yet visible in the data? https://t.co/mbWKrGN4DB
So we had a narrow escape, and we're still very much at risk of being Hungary writ large 6/
And if you're watching developments in WI, MI, and NC, you know that the GOP has become full-on authoritarian, willing to do whatever it takes to hold power. And if Trump had been a bit less awful, we could be seeing that scenario unfold for all of America right now 5/
The reason Ds did so well in the end was that their wave was so big that it breached the GOP levee, flooding into normally safe GOP suburban districts. But what if that hadn't happened, or doesn't happen next time? We'd have a minority party in full control 4/
But Dems won the median seat by 4.1% -- i.e., they probably would have failed to take control if their margin had been less than that. That's a couple of points lower than most pre-election analyses suggested, but still a lot 3/
Before the election, it was widely asserted that Dems had a big structural disadvantage due to gerrymandering and geographical concentration of minority voters. In the end, though, they turned an 8.6% lead in the popular vote into a roughly 8 percent lead in seats. No problem? 2/
I've been doing some electoral math using the Cook House popular vote tracker, and it's kind of disturbing 1/ https://t.co/1wP97kSuCm
There's a new axis of evil: Russia, Saudi Arabia -- and the United States
Ryan was neither serious nor honest, and it took almost no work to figure that out. But centrists needed someone to fill the box, so they promoted Ryan into that role. It was a massive moral as well as intellectual failure. Has anyone learned from it? 3/
I called him out from the beginning -- but was dismissed and attacked as being "partisan". The irony was that the real judgment-distorting partisanship was on the part of centrists, whose ideology demanded that there be Serious, Honest Conservatives to justify bothsidesim 2/
Total(1) => 0.062617063522339 f_f_QM(2) => 0.050755262374878 indS(2) => 0.027529954910278 indM(2) => 0.021313905715942 indM_1(2) => 0.0022218227386475 indM_2(2) => 0.00075674057006836 indM_4(2) => 0.0019159317016602 indM_5(2) => 0.0021533966064453 indM_6(2) => 0.0009620189666748 indM_7(2) => 0.012004852294922 indM_8(2) => 0.00086593627929688 f_f_pTL(2) => 0.010608911514282 f_f_dT(20) => 0.010264873504639