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Paul Krugman
paulkrugman
Friday's employment report was devastating — and reality almost surely worse. The BLS itself says that the unemployment number was probably understated 1/ https://www.bls.gov/news.release/empsit.nr0.htm True unemployment probably ~20%. If so,
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I'm amazed at how many reports insist that the stock market rise means that investors are betting on a V-shaped recovery. No, they aren't 1/https://www.wsj.com/articles/why-is-the-stock-market-rallying-when-the-economy-is-so-bad-11588974327?m
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As states exchange insults over who subsidizes who (yes, blue states subsidize red states), some people I've been talking to are suggesting that red states may face a worse fiscal
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Can we get real here? There's no evidence that the GOP base cares about deficits or excess spending per se. The Tea Party wasn't a rebellion against deficits — it
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No. This is your latest edition of simple answers to simple questions 1/https://www.nytimes.com/2020/04/24/upshot/lessons-last-economic-crisis.html?action=click&module=Well&pgtype=Homepage§ion=The%20Upshot Two key points. First, the b
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I could be wrong, but somehow the Lysol moment feels like it could be a psychological turning point — the moment when even a lot of Trump diehards face up
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I'm a big fan of The Darwin Awards; until now my favorite was for the guy who tried to clean the chemical toilet in his RV by pouring in bleach
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Good piece on a theme I've often stressed: we don't have to worry about how we'll pay off the debt run up to deal with Covid-19, because we never will
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So it took a few days, but the media seem to be realizing that the anti-quarantine protests aren't a real grassroots uprising; they're Potemkin populism staged by right-wing billionaires 1/https://www.washingtonpost.com/politics/inside-the-co
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This is amazing. Richard Epstein tries to falsify the history of his disastrous foray into epidemiology. This should destroy his career. But since he's a right-winger, it won'thttps://twitter.com/JohnPMacke/status/1251716101819584513 Two rela
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Since it's now a right-wing talking point that a weak economy may kill more people than the virus, question: have we actually seen that in past slumps? No. 1/https://www.nytimes.com/2020/04/13/us/politics/peter-navarro-coronavirus.html The
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Why is Trump so desperate to raise oil prices, even though America is a net oil importer? 1/https://www.nytimes.com/2020/04/12/business/energy-environment/opec-russia-saudi-arabia-oil-coronavirus.html?action=click&module=Spotlight&pgtype=Home
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