In the current context, this means that she's not likely to say "Eek! Debt!" as opposed to looking for evidence that debt and spending are actually problems 5/
Paul Krugman Tue 26 Jan 2021 14:23

I suspect that this background played a role in her relative accuracy as a forecaster. In particular, she was especially inclined to wait for actual evidence of inflation, as opposed to assuming that it must be coming 4/ https://t.co/sWJ0brjQHv
Paul Krugman Tue 26 Jan 2021 14:23

Also, perhaps less noticed, a really interesting intellectual background. Her work with George Akerlof helped lay the foundations for behavioral macroeconomics — macro based on observation of how people actually act, not how maximization says they should act 3/ https://t.co/j44vOLwjBx
Paul Krugman Tue 26 Jan 2021 14:23

Obviously a huge change in personal style from her predecessor 2/ https://t.co/AZC3hTr7q8
Paul Krugman Tue 26 Jan 2021 14:18

A few thoughts on Janet Yellen as Treasury secretary. Obviously she brings some firsts to the role — the first woman and aside from the brief role of Larry Summers, the first economist as opposed to business type or politician 1/
Paul Krugman Tue 26 Jan 2021 14:18

So if you want to demand bipartisanship, you have to defend the doctrines that currently defy Republicanness. If you won't do that, you're arguing in bad faith 6/
Paul Krugman Sat 23 Jan 2021 17:11

I mean, must we say nice things about Qanon adherents? Well, the GOP isn't that far gone, but has gone significantly in that direction. And its members, again, are those who accept where it has gone 5/
Paul Krugman Sat 23 Jan 2021 17:11

Anyone who doesn't accept these views either leaves the GOP or, increasingly, is driven out. So saying that those who remain are bad, wrong-headed, or both is only outrageous if you consider these doctrines reasonable 4/
Paul Krugman Sat 23 Jan 2021 17:06

These include the view that a perfectly normal election was stolen and that extreme measures were justified in an attempt to overturn it; and also the view that moderately progressive policies are a radical socialist agenda 3/
Paul Krugman Sat 23 Jan 2021 17:06

To state what should be obvious, but apparently isn't, being a Republican isn't like being Black (or Jewish). It's not something you're born into, it's a choice. And in 2021, making that choice requires accepting some key GOP tenets 2/
Paul Krugman Sat 23 Jan 2021 17:06

How stingy, how lacking in family values are we? Very 2/ https://t.co/IEYRo49tRl
Paul Krugman Sat 23 Jan 2021 13:10

Vaccination really is a mess. I got notification that I may now be eligible 24 hours *after* I got the email setting up an appointment. I don't really blame the state, which doesn't have the administrative capacity; the feds should have been coordinating this from the start
Paul Krugman Fri 22 Jan 2021 00:54

RT @nytopinion: "By all means, let Biden try to unify the nation," @PaulKrugman writes, "but first, he has to save it." https://t.co/gF0zmk…
Paul Krugman Fri 22 Jan 2021 00:34

Big contrast with BLM demonstrations, which persisted despite far more police violence than the Trumpists ever faced. That tells you a lot 3/
Paul Krugman Thu 21 Jan 2021 19:09

Best guess: while it's a cliche to day that most bullies are also cowards, it's also true. The Stop the Steal mobs thought they had impunity thanks to Trump. Once it started to sink in that rioters would face serious consequences and Trump was on the way out ... 2/ https://t.co/cahIWaSjGh
Paul Krugman Thu 21 Jan 2021 19:04

So, what happened to the insurrection? Maybe I'm jinxing it, but the wave of violence many expected didn't materialize before or on Inauguration Day; there were hardly any demonstrators. Where did all the rage go? 1/
Paul Krugman Thu 21 Jan 2021 19:04

American political discourse this week: Biden: Being a vile, horrible person is bad Republicans: Divisive! He just insulted everyone who voted for Trump
Paul Krugman Thu 21 Jan 2021 17:58

RT @daveweigel: If I heard someone say "racism and lies are bad" in a speech I would simply not say "hey, he's talking about me!"
Paul Krugman Thu 21 Jan 2021 17:43

So again, the goal is NOT to juice the economy; it is to help families, businesses, and lower levels of government get through the rest of the pandemic. Don't call it stimulus, and don't tell me what's happening to GDP 3/
Paul Krugman Thu 21 Jan 2021 15:23

RT @ben_golub: https://t.co/foHVESz0ms
Paul Krugman Wed 20 Jan 2021 20:03

RT @jelani9: The President of the United States just used the words “white supremacy” in an inaugural address — and vowed to defeat it. Str…
Paul Krugman Wed 20 Jan 2021 18:12

That was like a vision of America as it should be — decent, truthful, committed to justice, unified in diversity. Eloquence at every point. Reality will set in, as it must. But wow.
Paul Krugman Wed 20 Jan 2021 17:37

Manhattan is cheering.
Paul Krugman Wed 20 Jan 2021 16:52

American Kamalage.
Paul Krugman Wed 20 Jan 2021 16:17

Surprised myself. Watching the Bidens and Harris/Emhoff entering the Capitol, I teared up. America may make it.
Paul Krugman Wed 20 Jan 2021 15:37