Paul Krugman

Paul Krugman

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

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Specifically San Francisco and New York, which are ~30% of US pop and >40% of GDP. Overall, labor tightness seems to be easing 2/

One problem I had with Powell's speech yesterday was that all the charts were YoY, which probably miss much of the disinflationary news of recent months 3/

Next newsletter probably about inflation target. Here's something I wrote early this year including new thoughts about the downside of raising the target

When the data don't tell you what you want to hear, you have to listen. I was a lot more optimistic about near-term inflation at 8:29 this morning than I am now

Shocked by the comments here — I expected much more crypto bro outrage. Maybe this era really is ending

For now, we have to go with inflation pessimism. But now eager to see next month and — almost 2 months from now! — the ECI 2/

Global Entry already uses facial recognition — you don't even scan your passport. Convenient but spooky

I'm in a room full of men in suits saying that today's wage print means higher inflation and interest rates. Meanwhile, the 10-year Treasury. ????

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Until about 2 days ago I didn't find the deterioration of this site very visible. I use the "latest tweets" view, which has basically meant only seeing the limited number of people I follow (and I rarely read replies). But now my timeline is filling up with ads 1/

And the ads are, in general, ludicrously badly targeted. No, I'm not interested in the real-life partners of actors I've never heard of 2/


Remember: the two main means-tested programs in America are Medicaid and SNAP (food stamps). In each case most beneficiaries are children, elderly, or disabled. The idea that we're handing out billions to lazy bums is false and slanderous.

America's response to the coronavirus is the worst in the world, which is shocking and has a lot to do with a leader who is completely unfit, temperamentally and intellectually, for the job 1/

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So did Trump just betray the Kurds because (a) He has business interests in Turkey (b) Erdogan, being a brutal autocrat, is his kind of guy (c) His boss Vladimir Putin told him to Remarkable that all three stories are perfectly plausible.

Can Ron DeSantis effectively challenge Trump? I have no idea. But one thing I hope doesn't get forgotten in the horse-race coverage is DeSantis's major achievement as governor: the unnecessary death of around 20,000 Floridians 1/

Undoing Roe is awful. Kneecapping environmental regulation is existential. This Supreme Court has just come down on the side of civilizational collapse.

Let's be clear: a candidate for president promised to put his opponent in jail if he wins. Everything else is secondary.

Has anyone pointed out that Biden is capable of admitting error? That by itself puts him on a higher moral plane than you know who

Future historians — if there are any future historians, that is, if civilization doesn't collapse — will be astonished that we let the planet burn for the sake of an industry that employs less than 3 percent of workers even in West Virginia

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Not the only one saying this: Puerto Rico and USVI contain millions of US citizens. Why aren't Congress and WH focused on disaster relief?