Paul Krugman

Paul Krugman

Nobel laureate. Op-Ed columnist, @nytopinion. Author, “The Return of Depression Economics,” “The Great Unraveling,” “The Age of Diminished Expectations” + more.

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@ChadBown  At some point investors will have to realize that Trump is never going to return to business as usual — a rules-based trade policy with fairly predictable rules of the game. The arbitrariness and unpredictability of his moves are a feature, not a bug 2/

@ChadBown  Why trade policy as opposed to other things? Well, he's trying to do the same elsewhere too. But US trade law happens to give the president extraordinary discretionary power. Given time, he'll turn America crony capitalist more broadly. But trade is where it starts. 4/

OK, this is extremely weird. I received an email saying that a payment has been received into my blockchain wallet. But I don't have a blockchain wallet. Presumably there's some kind of fraud going on, but what?

This is really bad on two levels. First, Democrats have been far less deficit-prone than Republicans. Second, debt worries are vastly exaggerated. Is Buttigieg just Howard Schultz in disguise?

This is a really excellent description of a coal town in terminal decline, which gets at several of the issues behind growing regional disparity 1/

One point just mentioned in passing is that the crash in coal employment had nothing to do with a liberal "war on coal': it began under GOP presidents, and the industry had virtually vanished long before Obama began taking climate action 2/

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Another point is that people while we have some people urging us to aid declining regions, in reality we already provide massive aid: Social Security, Medicare, and other transfer programs provide almost half Grundy's income 3/

The question is, what could give the town new "export" industries (selling to other parts of the US as well as the world)? What would induce businesses to move there? I'm at a loss 4/


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.

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.

Susan Collins says she's concerned about deficits, and that's why she's voting for the tax bill. I'm watching my weight, and that's why I'm having a huge piece of pie with ice cream.

Think about what it means that Jimmy Kimmel has evidently done more homework on health than any Republican senator over the past 8 years

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

I read the news today, oh boy. Shocked at how little there is about the anti-democratic coup in Wisconsin. A once-progressive US state has just been turned into Hungary on the Great Lakes. Where's the wave of outrage?

We are, as pointed out many times, lowest-taxed major advanced nation. Repetition of this lie shows contempt for intelligence of public

This sort of confirms Warren's whole worldview, doesn't? Big Finance, given the choice between treason and a wealth tax, chooses treason

I'm old enough to remember when Presidential Medals of Freedom were given for showing courage and making sacrifices on behalf of the nation and the world. Tiger Woods ... hits golf balls for money