"You have to wonder whether Elon Musk’s Dunning-Kruger kids are now producing tariff numbers."

lol - I miss #Krugman, wish he were on Mastodon.

"Do people in the business world still think Bessent is a sensible guy who will exert a stabilizing influence on Trump policies?"

https://substack.com/home/post/p-160054888
#Economics #Krugman #Trump #Tariffs

Paul #Krugman: Trump has woken up the giant.

There is a real possibility that the #USA Administration will use its #tariffs doctrine to start a trade war with the European Union.

If they do start a trade war with the European Union, they will be in for a shock.

A trade war with #Europe means going head to head with an economy more or less the same size as our own, at the same time that we’re having fights with all our other trading partners.

https://paulkrugman.substack.com/p/europe-is-the-force-awakening

"...congestion pricing is actually looking like a “policy miracle.” It’s sort of a real-life example of a tax doing what Trump falsely claims taxes on imports (tariffs) will do: produce win-win-win results, with hardly any losers. Traffic is down, so much so that many of those still driving into the city are finding that the extra $9 fee is more than offset by the benefits of faster commutes. Public transit ridership is way up..."
https://substack.com/home/post/p-159914259
#NYC #Krugman #Trump #Tariffs #Tax

" I don’t think Trump’s problem is that he’s doing a poor job of explaining his(economic) plan. I think his problem is that he’s offering fake answers to fake problems, and the public — unlike, apparently, the Washington Post — isn’t buying it."
https://paulkrugman.substack.com/p/the-stages-of-trumpist-economic-grief?utm_source=post-email-title&publication_id=277517&post_id=159288099&utm_campaign=email-post-title&isFreemail=true&r=63j6s&triedRedirect=true&utm_medium=email
#Economics #Krugman #Propaganda #FakeProblems #Trump

.

"Where is this uncertainty coming from? That’s easy: The U.S. government is currently under the control of a deeply ignorant, vengeful megalomaniac with zero impulse control. And it’s not just Elon Musk: Trump shares the same characteristics."

#krugman #trump #musk

https://paulkrugman.substack.com/p/surprise-chaos-is-bad-for-business

Paul #Krugman describes something that we Europeans should be ready to watch out for in the coming years. So far the extreme right seems to be playing mostly by the rules, which is already bad enough (see #Poland, #Hungary).
But I have no doubts that they are watching closely what is unfolding in the USA and they will learn from this.
https://paulkrugman.substack.com/p/autogolpe
#autogolpe

Trump’s #deportation spree will turn a nightmare for U.S. agriculture and construction – economist. Paul Krugman warns that the new president is unleashing forces of hatred that he can’t rein in.
#economy #trump #krugman #agriculture #construction #news #tariffs #trade #migrants #immigrants
https://www.news-cafe.eu/?go=news&n=13506

The New York Times Opinion section is negotiating the exit of columnist #Pamela #Paul, according to multiple sources familiar with the matter.

Her impending departure is one of a series of job cuts being made at the section.

Last month, #Paul #Krugman, the Nobel Prize-winning economist who had been a part of Opinion since 2000, announced to much fanfare that he was leaving.

The Opinion section has been the site of the paper’s fiercest culture war battles in recent years,
most famously leading to the firing of editor #James #Bennet in 2020 over an op-ed by Senator Tom Cotton calling for the deployment of troops during the George Floyd protests.

Since then, under Opinion editor #Kathleen #Kingsbury, management at the Times has labored mightily to show that it is open to a "diversity of thought",
-- an effort that appeared to be spearheaded by Paul, who has taken conservative stances on contentious topics such as gender-affirming youth care.

Paul is notable for her willingness to buck liberal-left conventional wisdom:
She has written a defense of J.K. Rowling and scrutinized the MeToo movement for overreach,
while a recent column criticized the American Historical Society’s vote to condemn the ongoing “scholasticide” in Gaza.

Some colleagues have said she does little more than produce rage bait,
with what one Times staffer referred to as “intellectually lazy” positions.

“It is a rarity inside the Times for someone to manage to make enemies on every desk they touch;
-- Pamela is indeed a rarity,” one newsroom employee said.

“She should have spent time making allies if she was going to be as divisive a figure as she was internally.
But she didn’t put the time in there, or at least did not have the interest.”

https://nymag.com/intelligencer/article/pamela-paul-is-out-at-the-times-opinion-section.html

@sarah_ist_muede Seltsam: Die #FDP unter #Lindner meint, dass wir uns an reichen Menschen orientieren sollen. Noicht an intelligenten Menschen oder Experten. Ich sehe das ganz anders. #Krugman oder #Duflo habeen zur Volkswirtschaft sicherlich mehr zu sagen, als #Musk . Und dabei geht es mir nicht nur darum, dass Erbschaft und Glück die Hauptgründe für den Erwerb von Reichtun sind. Es geht mir dabei darum, dass aus guten Gründen zwischen Betriebswirtschaft und Volkswirtschaft unterschieden wird.

Economist Paul #Krugman questions why mainstream economists were wrong about #inflation, attributing it to illogical justifications and potential motives like fear of empowered workers and support for the dollar.

Krugman (respectfully) criticizes the broader issue of economists frequently getting major predictions wrong, suggesting a need to consider a new #economy mainstream. He highlights the reluctance to embrace new ideas that have accurately predicted disinflation.

https://znetwork.org/znetarticle/why-mainstream-economics-got-inflation-wrong/