1. News >
  2. Paul Krugman >
4,489,889 followers   •   39 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

Another clip from my MasterClass (actually burn the *math*)
Video player
But can you really revitalize the locations themselves? Maybe here and there, if you're lucky. But the economic logic is pushing us toward big concentrations 6/
That's not going to happen -- and even if it did in Fresno, that would just add another superstar metro, and do nothing for all the other left-behinds.

The point is that you can do a lot for the people in such locations -- give them health insurance, subsidize their wages 5/
What companies want is a big critical mass of high-education workers. And that won't materialize unless lots of other companies also move to Fresno, generating both that critical mass and the amenities such workers demand. So it would take a huge Big Push 4/
So what would it take to induce high-tech companies to relocate to Fresno? Even quite large subsidies probably wouldn't do it. After all, they're still concentrating in Silicon Valley despite huge increases in real housing costs relative to other areas 3/
Maybe it will help to focus on a specific comparison. The San Francisco-San Jose complex -- the Bay Area -- is among the best-educated metros in America. Fresno, about 2 1/2 hours away, is among the least-educated 2https://t.co/glLx3wTrDK/
One thing I've been noticing about responses to today's column is that many people still don't get how strong the forces behind regional divergence are, and how hard to reverse 1/ https://t.co/Ft2aH1NcQt
Voting for a nice guy aligned with a party whose ideology you disagree with -- or voting against a sleazy guy whose party stands for what you want -- is basically foolish in America 2018. Good on voters for realizing that 3/
And you know what? That was the intelligent thing to do. In today's political environment, party affiliation is just about all that matters. Even moderate-sounding Rs vote the party line almost all the time; Ds increasingly do the same, if only because Rs are so extreme 2/
Total(1) => 0.057367086410522 f_f_QM(2) => 0.049139022827148 indS(2) => 0.027345180511475 indM(2) => 0.019321918487549 indM_1(2) => 0.0035111904144287 indM_2(2) => 0.0009000301361084 indM_4(2) => 0.0048508644104004 indM_5(2) => 0.0029730796813965 indM_6(2) => 0.0022051334381104 indM_7(2) => 0.0027601718902588 indM_8(2) => 0.0017120838165283 f_f_pTL(2) => 0.0066959857940674 f_f_dT(20) => 0.0064525604248047