An experiment: A wonkish post that isn't emailed out to subscribers paulkrugman.substack.com/p/a-wonkish-...

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...

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.

About Kevin Warsh paulkrugman.substack.com/p/a-bad-heir...

"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...

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

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

“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...

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.

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.

In a NY taxi. Comment on current events?

A+++++ economy my A++

I've been remiss about posting videos to YouTube. Will try to do better. Here's my conversation with Adam Tooze, which I found really enlightening. Properly edited transcript at my Substack, www.youtube.com/watch?v=UYAC...

Talking With Adam Tooze open.substack.com/pub/paulkrug...

Really enjoyed this discussion between @pkrugman.bsky.social and @hcrichardson.bsky.social. Something Paul said that I want to highlight: negativity bias affects both right and left. I discuss this in my book as well. Some thoughts. open.substack.com/pub/paulkrug...

An addendum to today's post paulkrugman.substack.com/p/trump-pro-...

For some reason I bought 10 lbs of good quality pasta yesterday www.wsj.com/world/europe...

So Pete Hegseth wants to rid the military of "beardos," because men with beards can't be good soldiers

So today's Substack about the impact of tariffs concluded: "in many ways the level of the tariffs is less important than the huge uncertainty Trump’s policies have created. And that uncertainty hasn’t abated at all." Ya don't say. paulkrugman.substack.com/p/leprechaun...

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...

Join us online Tues, 10/7, 6:30pm (in-person RSVPS are full) – AI and the Future of Work – feat. @dacemoglumit.bsky.social, @pkrugman.bsky.social, Danielle Li, @zey.bsky.social & @sgreenhouse.bsky.social – reserve now: www.gc.cuny.edu/events/ai-an... @stone-lis.bsky.social @cuny.edu #AI #jobs

open.substack.com/pub/paulkrug... Paul Krugman replies to Scott Bessent’s diatribe against the Fed.

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

The depravity of Senate Republicans, in two screenshots

And I was planning a quiet evening ... paulkrugman.substack.com/p/an-emergen...

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...

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-...

I wrote about the manifestly illegal attempt to fire Lisa Cook 1/ paulkrugman.substack.com/p/in-the-mat...

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...

Stagflation in some form is coming. The trillion-dollar question is whether inflation becomes entrenched paulkrugman.substack.com/p/the-econom...

"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

I wrote about the imaginary New Jersey windmills of Trump's mind and other topics 1/ paulkrugman.substack.com/p/kilowatt-m...

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."

Deportations and detentions will inflict a lot of damage on the US economy 1/ paulkrugman.substack.com/p/iceing-the...

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...

Murder is now well below even pre-COVID levels nationally through June in the latest RTCI sample.

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

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...

I wrote about stagflation, how it happens, and why it didn't happen under Biden. Next week about prospects under Trump 1/ paulkrugman.substack.com/p/the-econom...

I talked with crime data maven Jeff Asher, whose always relevant work has gotten extra-relevant now that Trump is invoking urban crime as a reason to occupy cities 1/ paulkrugman.substack.com/p/talking-wi...

Losing Krugman's voice on the NYT page seems bad, but he's really taken it to a new level in his Substack, hasn't he? Unleashed, but not unrestrained.

Aren't we more or less at the one-year anniversary of many media reports about the imminent fall of the "strategic city of Pokrovsk"?

I had missed this excellent discussion between @pkrugman.bsky.social & @adamposen.bsky.social, two of the very best on monetary and macroeconomic policy and bringing it to the public square. Very much worth your time.

New York is a dystopian hellscape where nobody dares to leave their apartment gothamist.com/news/call-it...

So Trump wants Goldman to fire Jan Hatzius. But he hasn’t called Hatzius a deranged bum, so I’m still ahead on points

Well, this is flattering. I may add "Deranged BUM" to my profile www.thedailybeast.com/donald-trump...

And I forgot to link to the post paulkrugman.substack.com/p/the-econom...

Today's post was about what it means that high tariffs are probably here to stay, and I thought that people might want to see some meta notes about it. First, the long-run efficiency losses from tariffs aren't as big as many probably imagine 1/

Striking stuff from @pkrugman.bsky.social, who dismantles Trump's Europe deal from top to bottom. It will actually undermine US manufacturing, the "concessions" Trump won are fake, and Trump voters will be hit hard by the tariffs. All on the pod. Don't miss this one: newrepublic.com/article/1985...

How I wish America’s congestion-obsessed transportation engineers understood Paul Krugman’s point here paulkrugman.substack.com/p/the-limits...