Paul Krugman

Bonus: My original post quoted Stephen Colbert. Sigh 3/

White House Prepares Executive Order Targeting ‘Woke AI’<br> The order would be one of several expected to be released outlining the president’s vision for winning the AI race with China.

And sure enough ... 2/ www.wsj.com/tech/ai/whit...

The Road to MechaHitler Reality still has a well-known liberal bias

So I wrote yesterday about right-wingers claiming AI is communist, and how Musk's attempt to tweak Grok away from that made it go full Nazi 1/

paulkrugman.substack.com/p/the-road-t...

Trump's Brazil tariffs are 'grotesquely illegal,' says Nobel Prize-winning economist Nobel Prize-winning economist Paul Krugman believes tariffs President Trump has threatened to impose on countries, including Mexico and Brazil, are here to stay and will cost U.S. consumers.

Some guy says something about tariffs www.npr.org/2025/07/14/n...

Inequality, Part VII: Crypto A perfect merger of predation and corruption

I usually stay cool even when writing about outrages. But for some reason the story of how crypto bought the government really makes me angry paulkrugman.substack.com/p/inequality...

Why You Should Fear a MAGAfied Fed The next Fed chair will debase himself for Trump

Krugman's dread for the Fed:

At this point the mere fact that someone is willing to work for Trump, knowing who he is, tells you that they’re willing to debase themselves.

Why You Should Fear a MAGAfied Fed The next Fed chair will debase himself for Trump

Paul Krugman: Why You Should Fear a MAGAfied Fed open.substack.com/pub/paulkrug...

Trump's Dictator Protection Program Using tariffs to fight democracy

With everything else going on, I'm not sure people realize that Trump's latest tariff on Brazil took things to a new (lower) level
paulkrugman.substack.com/p/trumps-dic...

Real Men Burn Stuff The manosphere and the war on renewable energy

"So while MAGA’s attempt to strangle clean energy will increase the risks of global climate catastrophe, it will also increase the risks of U.S. economic stagnation, forcing our nation to remain wedded to obsolete energy technologies while other countries march into the future."

Muskenfreude When an oligarch confronts an autocrat, guess who wins?

Krugman is on the money again, Musk money paulkrugman.substack.com/p/muskenfreu...

Inequality, Part IV: Oligarchs The rise of mega-fortunes

America's superrich emerged in two phases: predatory finance followed by quasi-monoplies based on network effects paulkrugman.substack.com/p/inequality...

Global Inequality: Branko Milanovic Talking with the guy down the hall

One guy down the hall talking with another guy down the hall. Paul Krugman and Branko Milanovic discuss global inequality, elephants, life chances, Rawls, and more.

@pkrugman.bsky.social @brankomilan.bsky.social
@stone-lis.bsky.social @lisdata.bsky.social

paulkrugman.substack.com/p/global-ine...

Folks, CBO estimate of the distributional effect of the One Big Beautiful Bill Act is out: www.cbo.gov/system/files...

It's grotesque

This Is Not a Drill American democracy is on the line right now

There are times for wonky policy analysis and fun musical codas. But this isn't one of them

paulkrugman.substack.com/p/this-is-no...

Nobody Expected the MAGA Inquisition But it’s here, and will destroy American science

"Everything points to an effort to effectively destroy U.S. science — not gradually as part of a long-term plan, but over the next year or two." paulkrugman.substack.com/p/nobody-exp...

Making America Backward Again Trump and MAGAnomics are wrecking the economy, dismantling democracy, and making America backward again, Paul Krugman writes

New article in Rolling Stone www.rollingstone.com/p/trump-dest...

Inventing the Renaissance: Ada Palmer A fun conversation about history

So, was Florentine culture all about projecting soft power? A conversation with Ada Palmer paulkrugman.substack.com/p/inventing-...

Podcast: The Wolf-Krugman Exchange The old economic order is dead. What will replace it?

Just FYI: Martin Wolf and I will be doing a series of podcasts for the FT. Landing page here, but also on various platforms www.ft.com/wolf-krugman...

Homicide rates: NY 4.5, FL 7.2
Life expectancy: NY 79, FL 76.1
Uninsured rate: NY 4.8, FL 10.7

Upcoming at 92nd st Y

www.92ny.org/event/disast...

A Letter to Europe You’re stronger than you think. Act like it.

I strongly second Krugman's "letter to Europe." The EU should tell Trump to take his tariff and shove it. Hitting U.S. consumers with a huge tax increase is not smart policy, but as a reality TV show star, what does Trump know about economics? paulkrugman.substack.com/p/a-letter-t...

The Soldiers' and Sailors' monument, New York. The pillar at the right reads FARRAGUT at the top, the pillar on the left SHERMAN. Both are engraved with names of the many, many battles it took to end slavery

Almost surely none of this is real. This is multinationals using inflated transfer prices to make profits appear in low-tax Ireland. Trump's EU trade war is stupid on many levels, but the fact that it's based in part on an accounting fiction is the cherry on top

One thing I haven't seen pointed out, although someone must have said it, is that much of the reported EU surplus is probably a fiction driven by tax avoidance. Ireland supposedly exports 6 times as much to America as it imports; it's 3 percent of EU GDP but accounts for 1/3 the trade imbalance

Along with everything else, Trump has threatened to put 50 percent tariffs on the EU, which would basically shut down trans-Atlantic trade. Many people have noted that (a) the EU has very low tariffs on US goods (b) much of the EU surplus in goods is offset by a deficit in services. But ...

A Conversation With Barry Ritholtz Fun with bad investing ideas

This is a very enjoyable, super-informative use of your time. Great discussion between Paul Krugman and Barry Ritholtz.

open.substack.com/pub/paulkrug...

Gaming Out a Sudden Stop What happens if investors lose faith in America?

I wrote about the risks of a "sudden stop" if investors lose faith in America. The bond market is amplifying those risks minute by minute as yields shoot higher after the budget monstrosity paulkrugman.substack.com/p/gaming-out...

A Liz Truss Moment for America? Financial indicators are flashing yellow

30 year Treasury above 5%. Also, I successfully used AI to do a Trump/Truss crossover, putting a Trump wig on a lettuce
paulkrugman.substack.com/p/a-liz-trus...

Also, fwiw, people do seem to want substantive, slightly wonky analysis

Attack of the Sadistic Zombies The GOP budget is incredibly cruel — and that’s the point

I probably should do more to let people here know about free posts on Substack. So here's today's: paulkrugman.substack.com/p/attack-of-...