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News

Paul Krugman
paulkrugman.substack.com > p > bessent-and-the-bonds

Bessent and the Bonds

3+ day, 15+ hour ago   (479+ words) Another short, wonky post. Too much going on for more. “Speak softly and carry a big stick.” Teddy Roosevelt’s favorite aphorism made sense then and now. Policymakers should avoid being boastful or belligerent, not simply as a matter of good…...

Paul Krugman
paulkrugman.substack.com > p > scott-bessent-fails-to-gaslight-the

Scott Bessent Fails to Gaslight the Market

3+ week, 2+ day ago   (722+ words) Scott Bessent, the Treasury Secretary, isn’t the worst member of Trump’s cabinet. I mean, he has to compete with the likes of Pete Hegseth. But he leads the pack in terms of being far worse than anyone imagined he would…...

Paul Krugman
paulkrugman.substack.com > p > the-case-against-bond-market-panic

The Case Against Bond Market Panic

3+ week, 3+ day ago   (286+ words) Yet the issue of whether a U.S. debt crisis was imminent was highly relevant at the time I presented that paper. Why? Because the Very Serious People were using scare stories about a potential debt crisis to demand fiscal austerity that…...