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pkrugman.bsky.social
22,195 posts 301,861 followers 180 following
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Folks, CBO estimate of the distributional effect of the One Big Beautiful Bill Act is out: www.cbo.gov/system/files... It's grotesque

There are times for wonky policy analysis and fun musical codas. But this isn't one of them paulkrugman.substack.com/p/this-is-no...

"Everything points to an effort to effectively destroy U.S. science — not gradually as part of a long-term plan, but over the next year or two." paulkrugman.substack.com/p/nobody-exp...

New article in Rolling Stone www.rollingstone.com/p/trump-dest...

So, was Florentine culture all about projecting soft power? A conversation with Ada Palmer paulkrugman.substack.com/p/inventing-...

Just FYI: Martin Wolf and I will be doing a series of podcasts for the FT. Landing page here, but also on various platforms www.ft.com/wolf-krugman...

Homicide rates: NY 4.5, FL 7.2 Life expectancy: NY 79, FL 76.1 Uninsured rate: NY 4.8, FL 10.7

Upcoming at 92nd st Y www.92ny.org/event/disast...

I strongly second Krugman's "letter to Europe." The EU should tell Trump to take his tariff and shove it. Hitting U.S. consumers with a huge tax increase is not smart policy, but as a reality TV show star, what does Trump know about economics? paulkrugman.substack.com/p/a-letter-t...

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

Along with everything else, Trump has threatened to put 50 percent tariffs on the EU, which would basically shut down trans-Atlantic trade. Many people have noted that (a) the EU has very low tariffs on US goods (b) much of the EU surplus in goods is offset by a deficit in services. But ...

This is a very enjoyable, super-informative use of your time. Great discussion between Paul Krugman and Barry Ritholtz. open.substack.com/pub/paulkrug...

I wrote about the risks of a "sudden stop" if investors lose faith in America. The bond market is amplifying those risks minute by minute as yields shoot higher after the budget monstrosity paulkrugman.substack.com/p/gaming-out...

30 year Treasury above 5%. Also, I successfully used AI to do a Trump/Truss crossover, putting a Trump wig on a lettuce paulkrugman.substack.com/p/a-liz-trus...

I probably should do more to let people here know about free posts on Substack. So here's today's: paulkrugman.substack.com/p/attack-of-...

So I took my life in my hands and went for a run in the urban hellscape. It was terrible! Hundreds of children playing on a bouncy castle and riding ponies!

"So even after Trump’s “climbdown” we’re still looking at a shock to the economy 7 or 8 times as big as Smoot-Hawley, the previous poster child for destructive tariff policy." paulkrugman.substack.com/p/the-trade-...

So let me get this straight: masks are bad and un-American if worn to fight a pandemic, but good if worn by people claiming to be government agents when they kidnap people off the street

Another message from this "deal": kids don't need more than 3 dolls, but you can never have too many Rolls-Royces, which will now enter tariff-free.

So “Trump” just made a “deal” with “Britain.” Trying to emulate his style, with random quotation marks. I GUESS I SHOULD ALSO INCLUDE A SENTENCE IN BLOCK CAPS. Anyway, the deal was almost substance-free. The goal of policy seems to be to goose the market for a few days, with no long-term plan.

As we gear up for reconciliation, catch my interview with the legendary @pkrugman.bsky.social if you haven’t seen it yet paulkrugman.substack.com/p/an-intervi...

So, just landed at Newark on time. Weird

key point from @pkrugman.bsky.social: it's literally impossible for foreign governments to negotiate with Trump because he and his people can't/won't even articulate a consistent set of demands paulkrugman.substack.com/p/trump-is-t...

In my Substack post this morning: "Does anyone doubt that when inflation rises, [Trump will] dismiss it as “fake news”?" I only got to be prescient for a few hours ...

Our new fellow @pkrugman.bsky.social sat down with @elizabethwwilkins.bsky.social to talk about today's economic landscape: "It’s funny that our great grandfathers were much more open than we are in saying that one of the purposes of progressive taxation is to actually limit extreme wealth."

I had actually missed Paul's piece! (yesterday was crazy) but we are drawing on the same broad literature and well of ideas to make highly complementary arguments.

🎉🎉🎉🎉 @rooseveltinstitute.org & @pkrugman.bsky.social: a great fit! Excited to see what you produce together 🎉🎉🎉🎉

paulkrugman.substack.com/p/happy-tax-...

Just remembering that my first Substack post after leaving the Times was about the fraudulence of DOGE. paulkrugman.substack.com/p/the-fraudu...

Deleted attempt to post spinning head from The Exorcist , which didn’t spin …

Putting up a few thoughts on the latest tariff swerve paulkrugman.substack.com/p/the-trump-...

Paul Krugman and I talk Trump, tariffs, polls, data journalism, and a bunch of other stuff: www.gelliottmorris.com/p/an-intervi...

Michigan numbers are brutal. But one amazing thing: Republicans still think Trump will magically end inflation. From Goldman Sachs:

Relieved to see that the Budget Lab numbers are close to my back-of-the-envelope estimate. We're still looking at a shock an order of magnitude bigger than Smoot-Hawley

A quick note on Trump's new tariff plan. It's 10 percent across the board, 125 percent (!) on China. What's the effective tariff rate? Well, China was 13 percent of imports in 2024, so you might say .13*125+.87*10 = 24.95. But imports from China will fall, so how do we adjust it? 1/

I interviewed Zach Carter last week stonecenter.gc.cuny.edu/the-price-of...

Good Krugman piece on what happens when you let a reality TV show star run the economy paulkrugman.substack.com/p/autocracy-...

Discover how Keynes’ ideas shape our world—from government spending to inequality. Join Paul Krugman & Zachary D. Carter for The Price of Peace on March 25 at 6:30 PM. Don’t miss it! @pkrugman RSVP: www.gc.cuny.edu/events/price...

In the last month I've had at least three ideas for my Substack in which @pkrugman.bsky.social has beaten me to the punch. This is just the latest example. paulkrugman.substack.com/p/teslafying...

I talked trade with Chad Bown tradetalkspodcast.com/podcast/206-...

The stock market is not the economy. The stock market is not the economy. The stock market is not the economy. Nonetheless, holy shit. What’s remarkable is that there’s hardly any real news driving this. It’s just investors belatedly realizing that Trump is who he is, and always was.