Paul Krugman

pkrugman.bsky.social

21 January 2025 23:39

Last month CBO estimated the costs of 10 percent tariffs. But now Trump is saying 25. Should you just multiply by 2.5? No. Basic economics says the loss from tariffs is nonlinear, to a first approximation the square of the tariff rate. So what Trump has promised is SIX TIMES WORSE than CBO analyzed

Paul Krugman

pkrugman.bsky.social

21 January 2025 23:39

Why I didn't do a deep dive into energy policy open.substack.com/pub/paulkrug...

Paul Krugman

pkrugman.bsky.social

19 January 2025 21:54

I wasn't planning to post today, but this one wanted to be written open.substack.com/pub/paulkrug...

Ernesto Rodera

rodera.bsky.social

26 December 2024 21:46

The Spanish word for straight jacket is 'camisa de fuerza'.

Paul Krugman

pkrugman.bsky.social

22 December 2024 21:09

In addition, we want the Panama Canal back. Woody Allen has turned out to be a terrible person, but this still seems appropriate www.youtube.com/watch?v=dkYf...