
Paul Krugman
Newsletter Writer at Paul Krugman
Nobel laureate. Op-Ed columnist, @nytopinion. Author, “The Return of Depression Economics,” “The Great Unraveling,” "Arguing With Zombies," + more.
Articles
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1 week ago |
paulkrugman.substack.com | Paul Krugman
America is no longer a full-fledged democracy. We are currently living under a version of competitive authoritarianism — a system that (like Orban’s Hungary or Erdogan’s Turkey) is still democratic on paper but in which a ruling party no longer takes democracy’s rules seriously. As a result those in powerviolate those rules so often and to such an extent … that the regime fails to meet conventional minimum standards for democracy. Trumpists, however, haven’t yet fully consolidated their hold.
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1 week ago |
paulkrugman.substack.com | Paul Krugman
This is where I have my office, at the CUNY Graduate Center. And I had a bright idea for this week’s conversation. I’ve been writing lately about inequality (as I should given where I sit!), but with a US focus. How about a conversation with arguably the world’s leading expert on global inequality, who I happen to know is also articulate and fun to talk to? And who sits in the office three doors down. So here’s a conversation — in person! — with Branko Milanovic. Transcript follows. . . .
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2 weeks ago |
paulkrugman.substack.com | Paul Krugman
House Republicans have passed Trump’s One Big Beautiful Bill Act. After having spent decades covering Republican domestic policies, I have a pretty jaundiced view of their intentions. But this bill is so cruelly regressive that it shocked even me. This bill is truly unprecedented in the extent to which it takes away from the have-nots and gives to the ultra-haves. It slashes Medicaid, taking health care away from millions. It slashes food stamps, ensuring that many will go hungry.
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2 weeks ago |
paulkrugman.substack.com | Paul Krugman
There are two disastrously wrong ways to read the news from Los Angeles right now, and the rest of America over the next few days. The first is to believe that there is actually anything resembling an insurrection underway. The second is to believe that the Trump administration’s response to the nonexistent insurrection is simply cynical politics, an attempt to gain Donald Trump a few points in the polls.
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2 weeks ago |
nationalmemo.com | Paul Krugman
Does anyone remember “American carnage”? In his 2017 inaugural address Donald Trump portrayed a collapsing society, emphasizing in particular the “crime and gangs and drugs” destroying America’s cities. It was a peculiar and disturbing speech, in part because it bore no relationship to reality. Then as now, America had many problems. But runaway urban crime wasn’t one of them. In fact, Trump chose to proclaim urban carnage after a remarkable generation-long run of plunging crime in our major cities.
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RT @econJaredB: Hey all, Jared Bernstein here, former Biden CEA chair. My White House acct is archived (@econjared46) and this is my new X…

I've stopped visiting this neighborhood, but for those still around, I have a newsletter https://t.co/CcDMKHg4Gz

For anyone interested, kind of fun event on decayed industry and what comes next. NOT about the election, except insofar as it affects regional policy https://t.co/xZnxR9IHy3