• What was lost was a lot of social spending — child tax credits, pre-K, and more. These losses are tragic: we will be a poorer, less just society than we could have been (and might yet become if Democrats pull an upset in November) 4/
    Paul Krugman Sun 07 Aug 2022 14:03
  • As I read the REPEAT analysis, this bill's climate action comes pretty close to achieving BBB's goals 3/ https://t.co/1ZDh9QejqK
    Paul Krugman Sun 07 Aug 2022 13:58
  • A lot of focus on how much smaller in dollar terms than the original BBB proposal — although you want to bear in mind that the bipartisan infrastructure bill added about $550 billion spending over baseline. But also important to understand what *wasn't* lost from BBB 2/
    Paul Krugman Sun 07 Aug 2022 13:58
  • So it looks as if this is really happening. And I don't think people have fully grasped the achievement 1/ Link
    Paul Krugman Sun 07 Aug 2022 13:53
    It's out! REPEAT Project's analysis of the climate & energy impacts of the Inflation Reduction Act nearing a vote in the Senate at http://repeatproject.org. The Act would: 1. Cut annual emissions in 2030 by an additional ~1 billion tons below current policy (incl. Infrastr Law)
  • Relevant here 3/ Link
    Paul Krugman Thu 26 Aug 2021 14:37

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  • RT @Nate_Cohn: Is the 'chaos' materially effecting the evacuation? Is the evacuation going worse than the numbers suggest? Or does the 'on…
    Paul Krugman Thu 26 Aug 2021 14:12
  • Yet high-income workers are still moving to CA. Low-income are moving out, bc of housing costs 2/ Link
    Paul Krugman Thu 26 Aug 2021 14:07

    The 2020 census results are in: California experienced its slowest growth rates ever during the 2010s. This slowdown was enough to cause an unprecedented loss of a seat in the House of Representatives. But it is part of a decades-long trend, the consequence of fewer births, more deaths, a slowing of international migration, and—capturing a great deal of attention—a large migration out of California to other states.

    Much has been made of the California exodus, and rightly so. This migration, over the decades, has the power to reshape the state. During the 2010s about 6.1 million people moved from California to other states, while only 4.9 million people moved to California from other parts of the country.

    People who move to California are different from those who move out. In general, those who move here are more likely to be working age, to be employed, and to earn high wages—and are less likely to be in poverty—than those who move away.

    Those...

  • Things people may not know: California is often described as high-tax, Texas as low-tax. But that's only true for high income. For the bottom 60%, taxes are lower in CA 1/ https://t.co/CyhM7wYqNe
    Paul Krugman Thu 26 Aug 2021 14:02
  • Yes it does. Tax evasion and illegal transactions are still the only serious uses of cryptocurrency. Link
    Paul Krugman Thu 26 Aug 2021 13:47
    Alexis Goldstein is the director of financial policy at the Open Markets Institute. She previously worked in finance, focusing on electronic trading and equity derivatives, before becoming active in the Occupy Wall Street movement.
  • What a moment in America. What a hill to die on. Link
    Paul Krugman Thu 26 Aug 2021 13:42

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  • Shamelessness is their superpower Link
    Paul Krugman Thu 26 Aug 2021 13:37

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  • Still, the reality is amazingly different from the narrative. Sort of reminds me of the way France gets trash-talked, and how shocked some people get when you tell them that employment of prime-age adults is higher there than here 4/
    Paul Krugman Wed 25 Aug 2021 16:51
  • Where CA did badly — and it did very, very badly — was housing, where the NIMBYs prevented remotely adequate construction 3/ https://t.co/buJ6vEOVam
    Paul Krugman Wed 25 Aug 2021 16:51
  • CA also matched TX employment growth 2/ https://t.co/rsREhiRNZm
    Paul Krugman Wed 25 Aug 2021 16:51
  • A crazy process and lack of attention could give California a Trumpist governor. Watching the horror show, I started looking at how CA has fared since 2010, when progressives took power. Did you know that its economy grew as fast as Texas'? 1/ https://t.co/zCOX2GgzBo
    Paul Krugman Wed 25 Aug 2021 16:51
  • Original headline: You can take this job and shove it. And no, it's not about unemployment benefits Link
    Paul Krugman Tue 24 Aug 2021 12:24

    The pandemic disrupted many Americans’ work lives. Some of us — generally highly educated white-collar workers with relatively well-paying jobs — were able to shift to remote work. Millions of other workers, especially many poorly paid service workers, simply saw their jobs disappear when consumers stopped eating out and traveling.

    Now the economy is recovering — a recovery that will probably continue despite the spread of the Delta variant of the coronavirus. But many Americans don’t want to go back to the way things were before. After a year and a half of working from home, many don’t want to return to the stress of commuting. And at least some of those who were forced into unemployment have come to realize how unhappy they were with low pay and poor working conditions, and are reluctant to go back to their previous jobs.

    To be honest, when businesses first began complaining about labor shortages I was skeptical. These kinds of complaints always surface when the...

  • RT @nytopinion: "The pandemic may have given many Americans a chance to figure out what really matters to them," @paulkrugman writes, "and…
    Paul Krugman Tue 24 Aug 2021 00:39
  • But Politico says DeSantis won the pandemic Link
    Paul Krugman Mon 23 Aug 2021 17:38

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  • At the very least we're seeing an impressive display of sheer competence. Link
    Paul Krugman Mon 23 Aug 2021 15:28

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  • The Sturgis bike rally started Aug. 6 https://t.co/uN2B052GjE
    Paul Krugman Sun 22 Aug 2021 18:07
  • Just the usual: a struggle between the shaves and the shave-nots Link
    Paul Krugman Sun 22 Aug 2021 14:17

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  • RT @JohnJHarwood: "In a very real sense, the irresponsible minority is depriving the rest of us of life, liberty and the pursuit of happine…
    Paul Krugman Sun 22 Aug 2021 14:07
  • Barney Frank's phrase: weaponized Keynesianism (gov spending destroys jobs, unless it's on weapons, when it creates them) Link
    Paul Krugman Sat 21 Aug 2021 19:17

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  • A memory perhaps relevant to the discourse over debt: In the 1950s, I think, when Britain was obsessed over the balance of payments, an official was asked why they didn't have these problems in the heyday of empire. His answer: "You see, back then we didn't have statistics"
    Paul Krugman Sat 21 Aug 2021 19:17
  • Book recommendation: a novel about Westerners trying unsuccessfully to impose their values in central Asia — except the Westerners are Alexander the Great's Macedonians Link
    Paul Krugman Sat 21 Aug 2021 18:41
    BONUS: This eBook edition contains an excerpt from THE PROFESSION: A Thriller by Steven Pressfield. On sale June 2011.2,300 years ago an unbeaten army of the West invaded the homeland of a fierce Eastern tribal foe. This is one soldier’s story . . .The bestselling novelist of ancient warfare returns with a riveting historical novel that re-creates Alexander the Great’s invasion of the Afghan kingdoms in 330 b.c.In a story that might have been ripped from today’s combat dispatches, Steven Pressfield brings to life the confrontation between an invading Western army and fierce Eastern warriors determined at all costs to defend their homeland. Narrated by an infantryman in Alexander’s army, The Afghan Campaign explores the challenges, both military and moral, that Alexander and his soldiers face as they embark on a new type of war and are forced to adapt to the methods of a ruthless foe that employs terror and insurgent tactics. An edge-of-your-seat...
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