Paul Krugman | Lightnews

Light up
your news

About Privacy Terms Help

Paul Krugman

Paul Krugman

@pkrugman.bsky.social

310K followers 180 following 22K posts

Ex NY Times, now author of Substack Paul Krugman. Nobel laureate and, according to Donald Trump, "Deranged BUM"

Paul Robin Krugman is an American New Keynesian economist who is the Distinguished Professor of Economics at the Graduate Center of the City University of New York. He was a columnist for The New York Times from 2000 to 2024. In 2008, Krugman was the sole winner of the Nobel Memorial Prize in Economic Sciences for his contributions to new trade theory and new economic geography. The Prize Committee cited Krugman's work explaining the patterns of international trade and the geographic distribution of economic activity, by examining the effects of economies of scale and of consumer preferences for diverse goods and services. .. more

Economics 82%

Political science 6%

more

Posts Replies Media Videos

Reposted by Paul Krugman

Claudia Sahm @claudia-sahm.bsky.social · 12h

I find the lack of criticism of Warsh, especially from the New Keynesian macroeconomists, bizarre. There are hints of criticism from former Fed officials: it is not a compliment to have people say you are confused about your signature policy proposal. I hope I am wrong in my concerns.

Paul Krugman @pkrugman.bsky.social · 16h

Sometimes you wonder. Bloomberg this morning saying that you can't both believe that AI is a big deal and that we're in a bubble. But you absolutely can! That's exactly the story of the tech bubble of the 90s, major economic impact but not big profits. Sigh.

Reposted by Daniel W. Drezner, Jonathan Hopkin

Paul Krugman @pkrugman.bsky.social · 1d

When Bereleh and Faygel Krugman emigrated from Belarus to New York, which was mostly Catholic and Jewish in 1920, I don't think they did for the Scots (with one t) Irish culture

Paul Krugman @pkrugman.bsky.social · 1d

This also implies that fears of a lot of tariff-induced inflation still in the pipeline are exaggerated. Most of the tariff hit to inflation has already happened 4/

Paul Krugman @pkrugman.bsky.social · 1d

That's small enough to be obscured in aggregate data by other factors, including data distortions from the government shutdown. If you focus in on prices tariffs should affect, the impact is clear. And the overall effect is close to what models predict 3/

Paul Krugman @pkrugman.bsky.social · 1d

As I explain, the evidence that foreigners *aren't* paying is rock solid. To understand the CPI, the key point is that between TACO and carve-outs, you would only expect a moderate impact of the tariffs — ~1 percent — on consumer prices 2/

Reposted by Steve Peers, Greg Linden, Simon Lester

Paul Krugman @pkrugman.bsky.social · 1d

New post about tariffs. Last week two reports found that foreigners have borne very little of the cost. But the CPI came in somewhat soft. Is there a contradiction? As I explain, no.

paulkrugman.substack.com/p/who-is-pay...

Who Is Paying the Trump Tariffs?

A wonkish guide for the confused

paulkrugman.substack.com

Reposted by Mark Rice

Paul Krugman @pkrugman.bsky.social · 5d

OK, claiming property rights in a new term (I think). I just did a Substack live with Catherine Rampell, in which she suggested that young men may be pivoting from Bitcoin to prediction markets. And it just popped into my head: the Testosterone Trade.

Reposted by John McLaren

Paul Krugman @pkrugman.bsky.social · 15d

An experiment: A wonkish post that isn't emailed out to subscribers

paulkrugman.substack.com/p/a-wonkish-...

A Wonkish Note on Tariffs and Inflation

There isn’t really a puzzle here

paulkrugman.substack.com

Paul Krugman @pkrugman.bsky.social · 16d

Either way, you might have thought that people who assured us that Kevin Hassett was a good choice for CEA chair and Scott Bessent would be the adult in the room would hit pause before doing it again. But I guess not 4/

Paul Krugman @pkrugman.bsky.social · 16d

... and establishment types who are pretending that Warsh is a serious thinker. I don't know how much of this is instrumental — keep channels open and hope to nudge him in a better direction — and how much is unwillingness to face the reality of political economy in the age of Trump. 3/

Paul Krugman @pkrugman.bsky.social · 16d

There's a striking divide between independent economic analysts willing to say the obvious, like Skanda Amarnath at Employ America ... 2/

www.employamerica.org/monetary-pol...

Fed Note: The Implications Of The Kevin Warsh Nomination

Strategies for the full employment of America's workers, resources, and capabilities.

www.employamerica.org

Reposted by Greg Linden

Paul Krugman @pkrugman.bsky.social · 16d

I wrote yesterday about Kevin Warsh, saying what everyone who really follows monetary debates knows: he's a bullshitter who uses big words to make incoherent arguments that always amount to stimulus for Republicans, austerity for Dems 1/

paulkrugman.substack.com/p/a-bad-heir...

A Bad Heir Day at the Fed

No, Kevin Warsh isn’t qualified

paulkrugman.substack.com

Reposted by Paul Krugman, Cullen S. Hendrix, Simon Lester

Chad P. Bown @chadpbown.com · 16d

Huge thanks to @pkrugman.bsky.social for the invite to be on the show — really fun conversation on all things trade policy, tariffs, and global weirdness.

Also confirming for family record-keeping purposes: this is indeed my “talking to a Nobel Laureate” face.

Talking with Chad Bown

YouTube video by Paul Krugman

Reposted by Scott A. Imberman

Paul Krugman @pkrugman.bsky.social · 17d

About Kevin Warsh

paulkrugman.substack.com/p/a-bad-heir...

A Bad Heir Day at the Fed

No, Kevin Warsh isn’t qualified

paulkrugman.substack.com

Reposted by Paul Krugman

Stone Center on Socio-Economic Inequality @stone-lis.bsky.social · 19d

"Affordability, Antitrust, and Inequality" -- Register now for the free in-person and livestream event with Lina Khan and @pkrugman.bsky.social. March 9, 6:30 pm, at @thegraduatecenter.bsky.social.

stonecenter.gc.cuny.edu/event/afford...

Affordability, Antitrust, and Inequality: Lina M. Khan and Paul Krugman in Conversation - Stone Center on Socio-Economic Inequality

Hear from two leading economic thinkers about how to solve the complex crisis of affordability.

stonecenter.gc.cuny.edu

Reposted by Elizabeth Saunders, Federico Finchelstein, Aviel Roshwald

Paul Krugman @pkrugman.bsky.social · 28d

This is a very big deal. And Powell is a mensch. If democracy survives, he should get a presidential medal of freedom.

The Associated Press @apnews.com · 28d

BREAKING: Federal Reserve Chair Jerome Powell will attend the Supreme Court's hearing on Trump's attempted firing of Fed governor Lisa Cook, an unusual show of support by the central bank chair.

AP Source: Fed Chair Powell to attend Supreme Court argument on Cook case

Federal Reserve Chair Jerome Powell will attend the Supreme Court’s oral arguments Wednesday in a case involving the attempted firing of Fed governor Lisa Cook, an unusual show of support by the central bank chair.

Reposted by Paul Krugman

Edward Harrison @edwardnh.bsky.social · 28d

“Even now people continue to treat TACO — Trump Always Chickens Out — as if it were an established fact, although the past few weeks show that it’s just wishful thinking.”
@pkrugman.bsky.social

paulkrugman.substack.com/p/big-busine...

Big Business Should End Its Faustian Bargain With Trump

He’s out of control – and if you don’t hang together to counter him, you’ll hang separately

paulkrugman.substack.com

Reposted by Paul Krugman

Justin Wolfers @justinwolfers.bsky.social · 28d

On Greenland, and how the President has actually undermined American leverage.

Reposted by Paul Krugman, Joe R. Feagin, Brendan Nyhan , and 12 more Paul Krugman, Joe R. Feagin, Brendan Nyhan, Steve Peers, Tony Addison, Rosemary A. Joyce, Iikka Korhonen, Trevon D. Logan, Robert C. Richards, David R. Miller, W. Andy Knight, Scott A. Imberman, Olúfẹ́mi Táíwò, Juliet Johnson, David Darmofal

The Associated Press @apnews.com · 28d

BREAKING: Federal Reserve Chair Jerome Powell will attend the Supreme Court's hearing on Trump's attempted firing of Fed governor Lisa Cook, an unusual show of support by the central bank chair.

AP Source: Fed Chair Powell to attend Supreme Court argument on Cook case

Federal Reserve Chair Jerome Powell will attend the Supreme Court’s oral arguments Wednesday in a case involving the attempted firing of Fed governor Lisa Cook, an unusual show of support by the central bank chair.

Paul Krugman @pkrugman.bsky.social · 29d

One small thing I hope comes out of this nightmare is at least renaming the Department of Homeland Security. “Homeland” is not a word Americans use. It sounds like a translation from Heimatsicherheitsabteilung.

Paul Krugman @pkrugman.bsky.social · 29d

There’s a company called We Are Music that reportedly specializes in making bogus claims of copyright infringement. Yesterday they came after me claiming copyright on … my conversation with Claudia Sahm. A joke for me, but probably ugly for many.

Paul Krugman @pkrugman.bsky.social · Jan 3

In a NY taxi. Comment on current events?

Repost With Transcript: Heather Cox Richardson

In case you missed it Too busy being human this week for a regular interview. But I recently had a live conversation with the extraordinary Heather Cox Richardson, which I’m reposting from my YouTube channel. (Working on plans to make that channel a supplemental communication medium.) I’ve also provided a transcript, for those (like me) who don’t have time to listen to every…

Reposts 159 Dec 27

Merry Christmas

And good will to most of you I’ll be visited by three spirits

Reposts 207 Dec 24

A New K in America

The gap between haves and have-nots fell under Biden, but is rising under Trump According to current economic commentary, it’s all about “K”. Talk of a “K-shaped economy,” in which incomes and wealth are rising only for those at the top, has become ubiquitous. And rightly so. For high-income Americans who own a lot of stock, the past year has treated them pretty well. But for those who don’t, not so much.

Reposts 314 Dec 23

MAGA’s Manly Manufacturing Misfire

Understanding Trump’s other big failure According to Navigator Research, a significant number of Americans who voted for Donald Trump in 2024 now regret their choice. As the word cloud above suggests, this regret is largely driven by Trump’s utter failure to deliver on his economic promises.

Reposts 320 Dec 22

Affordability, Part IV

Inclusion, security and fairness On Friday the University of Michigan released its latest report on consumer sentiment, and it revealed deep dissatisfaction with the economy. The survey respondents rate current economic conditions as the worst in the past fifty years.

Reposts 163 Dec 21

America and the World

Talking with Martin Wolf I wasn’t able to do a fresh interview this week, so here’s a link to a talk I had with Martin Wolf for the FT. Transcript below.

Reposts 127 Dec 20

Lies, Damned Lies and Trump Speeches

What MAGA genius thought that Trump’s “affordability” speech was a good idea? Source Today is a travel day so this will be a short post. Fortunately the main topic that I want to talk about is uncomplicated – the speech that Donald Trump gave on Wednesday night. The purpose of the speech was to turn around Trump’s cratering public approval on his handling of the economy. I will also address a slightly more complicated topic: healt…

Reposts 455 Dec 19