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"
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Reposted by Paul Krugman
joshtpm.bsky.social
I’ve been worried a lot that this is right. Gold is skyrocketing in value because the world is losing faith in the role of US as guarantor/backstop of global economy open.substack.com/pub/paulkrug...
Ingots We Trust
Are soaring gold prices telling us something important?
open.substack.com
Reposted by Paul Krugman
stone-lis.bsky.social
Applications are open for our postdoctoral scholars program! These 2-year positions start in Aug. 2026 and are based at the GC CUNY Stone Center. One is focused on #mobility and #poverty, the other on #wealth and/or wealth inequality. Apply by Nov. 3!
#EconSky #Sociology #PoliSciSky
bit.ly/40TZR6J
Applications Are Open for Two Postdoctoral Positions at the GC CUNY Stone Center - Stone Center on Socio-Economic Inequality
The Stone Center on Socio-Economic Inequality is seeking applicants for an eighth cohort of postdoctoral scholars. These full-time, two-year positions will begin in August 2026.
stonecenter.gc.cuny.edu
pkrugman.bsky.social
The depravity of Senate Republicans, in two screenshots
pkrugman.bsky.social
I have an unusual problem with the elimination of the "de minimis" tariff exemption. When I give talks abroad, the host often offers a lovely but awkward gift — say, a 20 lb coffee table book on the history of their city. So I ask them to mail it. No more. www.theguardian.com/us-news/2025...
Postal services around the world suspend deliveries to US: how will it affect you?
Suspensions including from Australia and Europe come after Donald Trump removed a rule exempting parcels worth less than US$800 from his tariffs
www.theguardian.com
pkrugman.bsky.social
The muted market reaction to The Crazy doesn't tell you much about what will happen. Markets almost *never* react in advance to large but only potential disruptions. paulkrugman.substack.com/p/why-arent-...
Why Aren’t Markets Freaking Out?
Of Trump, Keynes and Wile E. Coyote
paulkrugman.substack.com
pkrugman.bsky.social
And a friend sends me this, from a prominent crypto bro 2/
pkrugman.bsky.social
If you think the attack on the Fed's Lisa Cook has nothing to do with you, you're wrong — any one of us may be next paulkrugman.substack.com/p/we-are-all...
We Are All Lisa Cook
Nobody is safe from weaponized government
paulkrugman.substack.com
Reposted by Paul Krugman
atrupar.com
"Companies were reluctant to pass price hikes into stores, because they didn't want to make customers mad and lose market share. It's only now really sinking in that this is for real, and so the 'let's eat the tariffs for a while' thing is fading out." — @pkrugman.bsky.social
Paul Krugman on Trump's economic house of cards
"The thing that’s extra damaging now is the craziness."
www.publicnotice.co
pkrugman.bsky.social
The only thing that can stop the renewables revolution is heavy-handed political intervention. Unfortunately ... 3/
pkrugman.bsky.social
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/
Reposted by Paul Krugman
atrupar.com
New in PN: @pkrugman.bsky.social on Trump's teetering economy

"The thing that’s extra damaging now is the craziness. Nobody knows what the tariff rates will be in six months. That means a lot of cash sits on the sidelines."
Paul Krugman on Trump's economic house of cards
"The thing that’s extra damaging now is the craziness."
www.publicnotice.co
pkrugman.bsky.social
This means that the concentration of undocumented immigrants (and legal immigrants likely to get deported anyway) magnifies the overall economic cost. Deport half a percent of the work force? Not good. Deport 50% of agricultural workers, which is the same number? Very, very bad 3/
pkrugman.bsky.social
For econ nerds: The economic cost of deportations, like the economic cost of tariffs, is very nonlinear in the scale of the policy. Deporting 10% of an industry's workers is much more than twice as costly as deporting 5% 2/
pkrugman.bsky.social
This is the way the bubble ends: Not with a pop, but with smog and brownouts. [Disappointed that some readers didn't recognize the TS Eliot ref]

paulkrugman.substack.com/p/what-happe...
What Happens If AI Hits An Energy Wall?
The technology driving the economy has some big problems
paulkrugman.substack.com
Reposted by Paul Krugman
jeffasher.bsky.social
Murder is now well below even pre-COVID levels nationally through June in the latest RTCI sample.
pkrugman.bsky.social
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
pkrugman.bsky.social
It looks even worse when you add in the Trump administration's efforts to undermine renewable energy, which is at this point the main driver of increases in generation capacity 2/
pkrugman.bsky.social
Others have pointed this out, but once you start thinking about the *physical* footprint of AI, especially power consumption, the predicted boom starts to look very problematic 1/
paulkrugman.substack.com/p/ai-is-powe...
AI Is Power-Hungry
And consumers are paying the price
paulkrugman.substack.com