Paul Krugman

Elon Musk’s right-wing turn isn’t universal or even typical: Reporting suggests that even with the rightward turn of several boldface names, Silicon Valley remains heavily Democratic.
THE BROAD VIEW

The tech bro style in American politics

Jerome Powell speaking at the Jackson Hole symposium on Aug 23.  He noted that the inflation rate in the US has declined a lot since it peaked in 2022.
THE BOTTOM LINE

Inflation is fading, statistically and politically

The Federal Reserve's legal status is complicated, but there's no fundamental constitutional principle saying that elected officials must keep their hands off the money supply.

Why presidents should keep their hands off the Fed

The US unemployment rate has been gradually trending up over the past few months.

The economy is looking pre-recessionary

A woman holding a placard reading "Project 2025 is un-American" in an anti-Trump protest outside the venue of the Republican National Convention in Milwaukee, Wisconsin, Jul 15.

Don’t lose sight of Project 2025 – that’s the real Trump

Americans who are doing okay and who know that their neighbours are doing okay have somehow come to believe that bad things are happening somewhere else, to people they don’t know.

The matrix of consumer discontent

It is hard to reconcile Dow 40,000 with Trump’s claim that the economy is a cesspool.
THE BOTTOM LINE

What does the Dow hitting 40,000 tell us?

The Sahm rule says that a recession is highly likely if that three-month average rises more than half a percentage point above a previous low.
THE BOTTOM LINE

Is the landing soft? Will it stay that way?

If one is presiding over a good economy, as Joe Biden is, and persuadable voters seem to be aware that it’s a good economy, why shouldn't he claim credit?

Why Biden should talk up economic success

It is a safe prediction that the Federal Reserve cutting interest rates will be seen by Donald Trump and his supporters as part of a deep-state conspiracy to re-elect Joe Biden.

Don’t be surprised if Trump starts attacking the Fed