@clausgalbo.bsky.social
Reposted
Just remembering that my first Substack post after leaving the Times was about the fraudulence of DOGE. paulkrugman.substack.com/p/the-fraudu...
The Fraudulence of “Waste, Fraud and Abuse”
History repeats itself, the first time as farce, the second as clown show
paulkrugman.substack.com
April 13, 2025 at 4:33 PM
Just remembering that my first Substack post after leaving the Times was about the fraudulence of DOGE. paulkrugman.substack.com/p/the-fraudu...
Reposted
April 6, 2025 at 2:02 AM
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What Trump's insistence on a balanced trade relationship with each country individually would look like if applied to everyday life.
Imagine this principle applied to the domestic economy. Nobody can buy groceries, pay rent, or pay utilities unless the store, landlord, or utility company buys an equivalent amount of each person’s labor.
April 6, 2025 at 3:01 PM
What Trump's insistence on a balanced trade relationship with each country individually would look like if applied to everyday life.
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It is difficult to convey how monumentally idiotic Trump’s tariffs are.
Allow me to try.
Let’s begin with Adam Smith.
In the 200 years prior to Smith’s 1776 “Wealth of Nations” Mercantilism was the dominant view of trade.
Allow me to try.
Let’s begin with Adam Smith.
In the 200 years prior to Smith’s 1776 “Wealth of Nations” Mercantilism was the dominant view of trade.
April 6, 2025 at 2:33 PM
It is difficult to convey how monumentally idiotic Trump’s tariffs are.
Allow me to try.
Let’s begin with Adam Smith.
In the 200 years prior to Smith’s 1776 “Wealth of Nations” Mercantilism was the dominant view of trade.
Allow me to try.
Let’s begin with Adam Smith.
In the 200 years prior to Smith’s 1776 “Wealth of Nations” Mercantilism was the dominant view of trade.
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All was not well in the garden of economics however. While economists rightly argued that trade could in principle make everyone better off, in practice this did not happen.
April 6, 2025 at 2:33 PM
All was not well in the garden of economics however. While economists rightly argued that trade could in principle make everyone better off, in practice this did not happen.
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This is remarkably close to what we had six days ago. The average tariff rate of most European nations was about 1%.
Elon Musk hopes for a “zero-tariff” system between the US and Europe that would effectively create “a free trade zone,” he said on Saturday
Musk Hopes US, Europe Will Move to Zero-Tariff Free-Trade Zone
Elon Musk hopes for a “zero-tariff” system between the US and Europe that would effectively create “a free trade zone,” he said on Saturday, days after levies set by US President Donald Trump sent glo...
www.bloomberg.com
April 5, 2025 at 5:59 PM
This is remarkably close to what we had six days ago. The average tariff rate of most European nations was about 1%.
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worst fears about Trump v. U.S. coming true, summarized in one picture
“Thank you again. Thank you again. Won’t forget it,” Trump says while shaking the hand of Supreme Court Justice John Roberts after the State of the Union.
March 5, 2025 at 2:47 PM
worst fears about Trump v. U.S. coming true, summarized in one picture
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Exactly. By far the fastest way to end the war would have been to increase the support for Ukraine so Russia would stop attacking.
If the US had continued to support Ukraine, we may have been months away from the end of the war. The Russians would not have been able to continue to fight for much longer. They were making almost no progress, taking huge casualties.
March 5, 2025 at 6:13 PM
Exactly. By far the fastest way to end the war would have been to increase the support for Ukraine so Russia would stop attacking.
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“Filling a crypto reserve would effectively represent a huge transfer of wealth from taxpayers,” writes James Surowiecki. In other words, “a handout for crypto holders”:
The Strategic Crypto Swindle
A bitcoin and cryptocurrency reserve would be a government-backed grift.
www.theatlantic.com
March 4, 2025 at 10:12 PM
“Filling a crypto reserve would effectively represent a huge transfer of wealth from taxpayers,” writes James Surowiecki. In other words, “a handout for crypto holders”:
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Criminalizing protest is a hallmark of authoritarian regimes
March 4, 2025 at 3:16 PM
Criminalizing protest is a hallmark of authoritarian regimes
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The most important continuing metric for whether we’ve lost our way: are you afraid that if you criticize your government or defend those who do, the government will retaliate.
It can be hard to keep straight all of the alarming instances of politicization/weaponization of the Justice Department since January 20th.
I created a detailed Timeline, with Audrey Balliette.
We also link to all the publicly available documents.
Read the 25+ entries here:
#Democracy
I created a detailed Timeline, with Audrey Balliette.
We also link to all the publicly available documents.
Read the 25+ entries here:
#Democracy
Timeline: Politicization and Weaponization of Justice Department in Second Trump Administration
A detailed timeline of apparent efforts to politicize and weaponize the Department of Justice under the second Trump administration.
www.justsecurity.org
March 4, 2025 at 4:01 PM
The most important continuing metric for whether we’ve lost our way: are you afraid that if you criticize your government or defend those who do, the government will retaliate.
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What clear coverage of Trump's attack on democracy looks like www.washingtonpost.com/politics/202...
March 3, 2025 at 7:24 PM
What clear coverage of Trump's attack on democracy looks like www.washingtonpost.com/politics/202...
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No one in DC can bargain in good faith with Trump because he will not follow laws passed by Congress.
No one internationally can bargain in good faith with Trump because he will not respect agreements made by the United States.
Being a counterparty just makes you a target for another shakedown.
No one internationally can bargain in good faith with Trump because he will not respect agreements made by the United States.
Being a counterparty just makes you a target for another shakedown.
March 4, 2025 at 1:34 AM
No one in DC can bargain in good faith with Trump because he will not follow laws passed by Congress.
No one internationally can bargain in good faith with Trump because he will not respect agreements made by the United States.
Being a counterparty just makes you a target for another shakedown.
No one internationally can bargain in good faith with Trump because he will not respect agreements made by the United States.
Being a counterparty just makes you a target for another shakedown.
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pay the president and the government drops your case?
BREAKING
The SEC has just halted its fraud prosecution of Justin Sun, a Chinese national who has put more than $50 million in Trump's pocket since November through the purchase of crypto tokens from a Trump-backed company, World Liberty Financial.
The SEC has just halted its fraud prosecution of Justin Sun, a Chinese national who has put more than $50 million in Trump's pocket since November through the purchase of crypto tokens from a Trump-backed company, World Liberty Financial.
BREAKING: SEC halts fraud prosecution of Chinese national who sent Trump millions
In December, Popular Information reported that Chinese crypto entrepreneur Justin Sun purchased $30 million in crypto tokens from World Liberty Financial (WLF), a new venture backed by President Donal...
popular.info
February 28, 2025 at 4:04 PM
pay the president and the government drops your case?
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I’m not sure the world has seen a genuine supervillain until 2025. Of course there’ve been countless monsters: hitler, Stalin, pol pot. But a real life figure who fits the Gotham/Metropolis model. Plutocrat bigwig who is actually deeply evil & wants to run the world for cartoonishly stupid reasons.
Despicable. Elon Musk has just suggested Zelenskyy is sending soldiers to die so he can make money.
“What are they dying for? I’ll tell you what for. For the biggest graft machine I’ve seen in my life. Poor guys are getting sent into a meat grinder for money.”
“What are they dying for? I’ll tell you what for. For the biggest graft machine I’ve seen in my life. Poor guys are getting sent into a meat grinder for money.”
February 21, 2025 at 1:30 AM
I’m not sure the world has seen a genuine supervillain until 2025. Of course there’ve been countless monsters: hitler, Stalin, pol pot. But a real life figure who fits the Gotham/Metropolis model. Plutocrat bigwig who is actually deeply evil & wants to run the world for cartoonishly stupid reasons.
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Vild kritik fra en ellers meget rolig mand.
Stadig ingen indrømmelser. Ren afvisning at DR på nogen måde kan tage fejl.
Sig dog undskyld og kom videre.
www.berlingske.dk/oekonomi/top...
Stadig ingen indrømmelser. Ren afvisning at DR på nogen måde kan tage fejl.
Sig dog undskyld og kom videre.
www.berlingske.dk/oekonomi/top...
Topøkonomer i chok over »dybt pinligt« forsvar for dokumentar: »Det er jo som at høre Donald Trump«
Læs mere her.
www.berlingske.dk
February 12, 2025 at 9:13 PM
Vild kritik fra en ellers meget rolig mand.
Stadig ingen indrømmelser. Ren afvisning at DR på nogen måde kan tage fejl.
Sig dog undskyld og kom videre.
www.berlingske.dk/oekonomi/top...
Stadig ingen indrømmelser. Ren afvisning at DR på nogen måde kan tage fejl.
Sig dog undskyld og kom videre.
www.berlingske.dk/oekonomi/top...
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Don't just ask how Musk/Trump actions serve their supposed purposes. Ask how they aid the attempt to seize power paulkrugman.substack.com/p/autogolpe
Autogolpe
What’s really happening beneath the Musk/Trump chaos
paulkrugman.substack.com
February 7, 2025 at 11:25 AM
Don't just ask how Musk/Trump actions serve their supposed purposes. Ask how they aid the attempt to seize power paulkrugman.substack.com/p/autogolpe
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America led the world on public health. MAGA is destroying it. And those going along will have blood on their hands. paulkrugman.substack.com/p/rfk-jr-and...
RFK Jr. and the MAGA Death Trip
The war on science is turning deadly
paulkrugman.substack.com
February 6, 2025 at 12:02 PM
America led the world on public health. MAGA is destroying it. And those going along will have blood on their hands. paulkrugman.substack.com/p/rfk-jr-and...
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OTD in 2022 some people who make ice cream informed us the best way to stop yourself being attacked is not to threaten to defend yourself.
A take that has aged like one of the overpriced, pseudo-ethical ice creams left in the sun for a week.
A take that has aged like one of the overpriced, pseudo-ethical ice creams left in the sun for a week.
February 4, 2025 at 3:50 PM
OTD in 2022 some people who make ice cream informed us the best way to stop yourself being attacked is not to threaten to defend yourself.
A take that has aged like one of the overpriced, pseudo-ethical ice creams left in the sun for a week.
A take that has aged like one of the overpriced, pseudo-ethical ice creams left in the sun for a week.
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Remember:
The tariffs aren’t about economics, and DOGE isn’t about fiscal responsibility.
They are both about ••psychopathology**.
The tariffs aren’t about economics, and DOGE isn’t about fiscal responsibility.
They are both about ••psychopathology**.
February 2, 2025 at 5:07 PM
Remember:
The tariffs aren’t about economics, and DOGE isn’t about fiscal responsibility.
They are both about ••psychopathology**.
The tariffs aren’t about economics, and DOGE isn’t about fiscal responsibility.
They are both about ••psychopathology**.
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Two USAID officials placed on leave because they refused Musk access to classified info (his request was illegal) apnews.com/article/doge...
USAID security leaders on leave after trying to keep Musk's DOGE from classified info, officials say
The Trump administration has placed two top security chiefs at the U.S. Agency for International Development on leave after they refused to turn over classified material to Elon Musk’s government-insp...
apnews.com
February 2, 2025 at 6:17 PM
Two USAID officials placed on leave because they refused Musk access to classified info (his request was illegal) apnews.com/article/doge...
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Here's the speech if you haven't heard it. 13 minutes of your time. Share it with your American friends and neighbours, because they won't see it otherwise. Circulate it in Mexico and Denmark, France and the UK, Panama and Germany, Poland and Estonia, and especially -- especially -- Ukraine.
Trudeau: Canada will retaliate with 25% tariffs on $155B of U.S. goods
YouTube video by CBC News
youtu.be
February 2, 2025 at 4:38 AM
Here's the speech if you haven't heard it. 13 minutes of your time. Share it with your American friends and neighbours, because they won't see it otherwise. Circulate it in Mexico and Denmark, France and the UK, Panama and Germany, Poland and Estonia, and especially -- especially -- Ukraine.
Reposted
There are two real stories here.
1) What motivated these three (anonymous) officials to put forward ideas exonerating Russia and the ships concerned, ideas instantly dismissed by (named) shipping experts as nonsensical?
2) What led the Washington Post to lead on those ideas not the real story?
1) What motivated these three (anonymous) officials to put forward ideas exonerating Russia and the ships concerned, ideas instantly dismissed by (named) shipping experts as nonsensical?
2) What led the Washington Post to lead on those ideas not the real story?
(The willingness of some US officials to state that vessels in Russia's shadow fleet can drop anchor and then drag anchor and chain for 100 miles *by accident and without noticing* will be a gift to these campaigns to claim Russia is not at fault.)
[10/14]
www.washingtonpost.com/world/2025/0...
[10/14]
www.washingtonpost.com/world/2025/0...
Accidents, not Russian sabotage, behind undersea cable damage, officials say
An emerging consensus among U.S. and European security services holds that accidents were the cause of damage to Baltic seabed energy and communications lines.
www.washingtonpost.com
January 20, 2025 at 10:49 AM
There are two real stories here.
1) What motivated these three (anonymous) officials to put forward ideas exonerating Russia and the ships concerned, ideas instantly dismissed by (named) shipping experts as nonsensical?
2) What led the Washington Post to lead on those ideas not the real story?
1) What motivated these three (anonymous) officials to put forward ideas exonerating Russia and the ships concerned, ideas instantly dismissed by (named) shipping experts as nonsensical?
2) What led the Washington Post to lead on those ideas not the real story?