Paul Krugman

So let me get this straight: masks are bad and un-American if worn to fight a pandemic, but good if worn by people claiming to be government agents when they kidnap people off the street

The stock market is not the economy. The stock market is not the economy. The stock market is not the economy. Nonetheless, holy shit. What’s remarkable is that there’s hardly any real news driving this. It’s just investors belatedly realizing that Trump is who he is, and always was.

It could mean that the world financial system melts down when investors realize that Elon Musk may selectively default on US debt. Just saying.

Zipf’s law drives anyone who thinks too much about it into gibbering madness

So, I almost never use dictation software. But I was in a mood today and tried for bit. “Strait of Hormuz” came out “street of hormones,” which kind of makes sense …

Assume we have a strait opener

New York is not terrible www.threepennyreview.com/krugman-on-n...

OT: A few months ago the Threepenny Review asked me (along with others) to write a short essay on living in New York. It’s up now: threepennyreview.com/kr… But one passage I was pleased with reads a bit differently than when I wrote it:

Trump’s declaration that he expects UNCONDITIONAL SURRENDER from Iran does not seem to be calming markets

Remember all those boasts about jobs and gasoline prices in the State of the Union? www.youtube.com/watch?v=P0Zv...

Attacking Iran versus defending Ukraine www.youtube.com/watch?v=9Lng...

Many people talking about how gasoline prices at the pump have already jumped. But what should really terrify Republicans is RBOB — the futures price on wholesale gasoline. This is up 75 cents a gallon since its low earlier this year.

Surprise: War in the middle of the world’s most important oil-producing region has consequences www.youtube.com/watch?v=55pk...