Paul Krugman
@pkrugman.bsky.social
Ex NY Times, now author of Substack Paul Krugman. Nobel laureate and, according to Donald Trump, "Deranged BUM"
The depravity of Senate Republicans, in two screenshots
September 6, 2025 at 7:10 PM
The depravity of Senate Republicans, in two screenshots
And a friend sends me this, from a prominent crypto bro 2/
August 26, 2025 at 12:05 PM
And a friend sends me this, from a prominent crypto bro 2/
One thing I see in comments is a lot of people still saying solar and wind are no good when the sun isn't shining and the wind isn't blowing. People, there are these things called batteries, which have also experienced huge progress 2/
August 22, 2025 at 5:43 PM
One thing I see in comments is a lot of people still saying solar and wind are no good when the sun isn't shining and the wind isn't blowing. People, there are these things called batteries, which have also experienced huge progress 2/
Apparently some people over here don't know that I'm posting almost daily on Substack. It's free 6 days a week, with only the Sunday primers (which are very labor-intensive) paywalled. According to the U.S. politics bestseller list, this venture is going pretty well
August 18, 2025 at 1:22 PM
Apparently some people over here don't know that I'm posting almost daily on Substack. It's free 6 days a week, with only the Sunday primers (which are very labor-intensive) paywalled. According to the U.S. politics bestseller list, this venture is going pretty well
I mean, what has happened in the past 20 years that would make you believe that there is a one-to-one relationship between money and prices? 3/
August 17, 2025 at 2:28 PM
I mean, what has happened in the past 20 years that would make you believe that there is a one-to-one relationship between money and prices? 3/
Important to realize that crime will be the next front in the war on data 2/
August 16, 2025 at 1:06 PM
Important to realize that crime will be the next front in the war on data 2/
Folks, CBO estimate of the distributional effect of the One Big Beautiful Bill Act is out: www.cbo.gov/system/files...
It's grotesque
It's grotesque
June 12, 2025 at 3:17 PM
Folks, CBO estimate of the distributional effect of the One Big Beautiful Bill Act is out: www.cbo.gov/system/files...
It's grotesque
It's grotesque
May 29, 2025 at 8:44 PM
The Soldiers' and Sailors' monument, New York. The pillar at the right reads FARRAGUT at the top, the pillar on the left SHERMAN. Both are engraved with names of the many, many battles it took to end slavery
May 26, 2025 at 9:04 PM
The Soldiers' and Sailors' monument, New York. The pillar at the right reads FARRAGUT at the top, the pillar on the left SHERMAN. Both are engraved with names of the many, many battles it took to end slavery
Also, fwiw, people do seem to want substantive, slightly wonky analysis
May 19, 2025 at 4:18 PM
Also, fwiw, people do seem to want substantive, slightly wonky analysis
In other news, Jack, who was a bit standoffish after my long trip, has decided to reconcile
May 18, 2025 at 4:42 PM
In other news, Jack, who was a bit standoffish after my long trip, has decided to reconcile
Michigan numbers are brutal. But one amazing thing: Republicans still think Trump will magically end inflation. From Goldman Sachs:
April 11, 2025 at 4:05 PM
Michigan numbers are brutal. But one amazing thing: Republicans still think Trump will magically end inflation. From Goldman Sachs:
Consumers already seem worried about policy madness, and they ain't seen nothing yet
February 28, 2025 at 1:55 PM
Consumers already seem worried about policy madness, and they ain't seen nothing yet
Arithmetic is a form of radical left-wing Marxism that hates America www.reuters.com/markets/us-l...
February 14, 2025 at 1:59 PM
Arithmetic is a form of radical left-wing Marxism that hates America www.reuters.com/markets/us-l...
On those new Trump tariffs: I don't think people realize how narrow they are. They're ugly and stupid, but also arguably an attempt to save face after he lost his nerve on broad tariffs
February 11, 2025 at 11:51 AM
On those new Trump tariffs: I don't think people realize how narrow they are. They're ugly and stupid, but also arguably an attempt to save face after he lost his nerve on broad tariffs
Huh. I've been feeling for a while as if tech stocks were partying like it was 1999; soon we may be hung over like it's 2000
January 27, 2025 at 11:31 AM
Huh. I've been feeling for a while as if tech stocks were partying like it was 1999; soon we may be hung over like it's 2000
You may say that Musk's Nazi salute exploded claims that he isn't fully fascist. But I say that his awkward hand gesture led to rapid unscheduled disassembly of those claims.
January 21, 2025 at 4:45 PM
You may say that Musk's Nazi salute exploded claims that he isn't fully fascist. But I say that his awkward hand gesture led to rapid unscheduled disassembly of those claims.
A couple of factors here; shale, of course. But also rapid growth in renewables, which Trump hates because Scotland once put up a windmill near his golf course 3/
January 20, 2025 at 12:03 PM
A couple of factors here; shale, of course. But also rapid growth in renewables, which Trump hates because Scotland once put up a windmill near his golf course 3/
What about prices? The cost of a gallon of gasoline relative to wages is near a 20-year low 2/
January 20, 2025 at 12:03 PM
What about prices? The cost of a gallon of gasoline relative to wages is near a 20-year low 2/
Bloomberg says that Trump will immediately declare a national energy emergency. We all know why — it will be about gutting environmental protection. But still worth noting that US energy is actually doing fine, with production > consumption and exports > imports 1/
January 20, 2025 at 12:03 PM
Bloomberg says that Trump will immediately declare a national energy emergency. We all know why — it will be about gutting environmental protection. But still worth noting that US energy is actually doing fine, with production > consumption and exports > imports 1/
Many people here probably know this, but I'm now posting almost daily on Substack: paulkrugman.substack.com The response has been pretty good so far
January 16, 2025 at 11:31 AM
Many people here probably know this, but I'm now posting almost daily on Substack: paulkrugman.substack.com The response has been pretty good so far
Stupid on multiple levels. Delaying full tariffs by a few months will make no difference to the inflation impact, but would set off a mad rush of imports to beat the deadline
January 14, 2025 at 1:07 PM
Stupid on multiple levels. Delaying full tariffs by a few months will make no difference to the inflation impact, but would set off a mad rush of imports to beat the deadline
Useful chart from Bloomberg. Trump says bilateral deficit with Canada means we're subsidizing them. But more than all the imbalance is energy. This means they send us oil & gas, we send them IOUs. This is a subsidy?
January 10, 2025 at 1:26 PM
Useful chart from Bloomberg. Trump says bilateral deficit with Canada means we're subsidizing them. But more than all the imbalance is energy. This means they send us oil & gas, we send them IOUs. This is a subsidy?
Via Adam Tooze adamtooze.substack.com
China is cracking down on economists who say negative things about the economy. Can I say that it's *extremely* easy to imagine the Trump administration following a similar path?
China is cracking down on economists who say negative things about the economy. Can I say that it's *extremely* easy to imagine the Trump administration following a similar path?
January 4, 2025 at 12:28 PM
Via Adam Tooze adamtooze.substack.com
China is cracking down on economists who say negative things about the economy. Can I say that it's *extremely* easy to imagine the Trump administration following a similar path?
China is cracking down on economists who say negative things about the economy. Can I say that it's *extremely* easy to imagine the Trump administration following a similar path?