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.

4648248 followers  •  79 follow  •    •

I know it's a tired line, but imagine the firestorm if, say, a member of the Squad said things like that 4/

In today's col I noted that many Republicans seem to support Biden's economic agenda even as they reject his legitimacy, and suggest that one reason is that the GOP is barely trying to argue policy on the merits 1/

Greg Sargent suggests that Rs expect to win through vote suppression even if they lose all the policy arguments 2/

I wish I were sure that they are wrong 3/

As Dems march toward their big legislation, more thoughts on the relevant macroeconomic history

Adam Tooze has some interesting reflections on the famous (if you're a certain kind of nerd) 1994 bond massacre, and argue that it doesn't really prove the existence of bond vigilantes 1/

One thing he doesn't note is that whatever that was, it had almost no visible effect on the real economy 2/

tweet picture

Not saying that we should never worry about the bond market. Bond vigilantes aren't quite as mythical as the confidence fairy. But they're a lot less important than legend has it — and the recent uptick in yields is basically nothing by historical standards 3/

A huge relief plan, including major health care expansion. Unprecedented support for the rights of workers to organize. Joe Biden is looking a lot more progressive than I think anyone imagined


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/

tweet picture

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.

I don't know if anyone else has said this, but payroll tax cuts are the hydroxychloroquine of economic policy. They won't do anything to solve the employment crisis, but will have dangerous side effects. Yet Trump remains obsessed with them as a cure 1/

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

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.

So Rs want Biden to drastically scale back economic relief in the name of bipartisanship. Their offer is insultingly inadequate, and their claims that using reconciliation would "poison the well" are rich given how they rammed through the 2017 tax cut. But there's more 1/

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