Recent articles
February 23, 2026
Day 1461 of Putin’s Three-Day War
Courage, betrayal — and reasons for hope
paulkrugman.substack.com
February 22, 2026
Tariff Policy by the Numbers
Understanding what just happened and what can come next
paulkrugman.substack.com
February 21, 2026
Talking With Ro Khanna
The progressive Democrat representing Silicon Valley on wealth, technology and more
paulkrugman.substack.com
February 20, 2026
IEEPA! IEEPA! IEEPA!
Why the tariff ruling really matters
paulkrugman.substack.com
February 20, 2026
The Ultra-Rich Are Different from You and Me
Only the little people pay taxes, redux
paulkrugman.substack.com
February 19, 2026
A Pause to Refresh
And a few notes on the state of the stack
paulkrugman.substack.com
February 18, 2026
Billionaires Gone Wild
Understanding the oligarchs’ power grab and the dire threat to American democracy
paulkrugman.substack.com
February 17, 2026
How the Kakistocracy Became a Quackistocracy
Corruption is a germ’s best friend
paulkrugman.substack.com
February 16, 2026
Turning Our Back on Clean Energy
Why does MAGA hate the planet?
paulkrugman.substack.com
February 15, 2026
Who Is Paying the Trump Tariffs?
A wonkish guide for the confused
paulkrugman.substack.com
February 14, 2026
Talking Again with Jon Gruber
Immigration, healthcare, and the fate of seniors in America
paulkrugman.substack.com
February 13, 2026
The MAGA Bubble Is Imploding
Americans aren’t buying Trumpist gaslighting about the economy
paulkrugman.substack.com
February 12, 2026
Making America Stagnate Again
Deportations don’t create jobs and will increase deaths of native-born Americans. Who knew?
paulkrugman.substack.com
February 11, 2026
The Banality of MAGA Evil
Instead of criminal masterminds we got amoral, stupid grifters like Howard Lutnick
paulkrugman.substack.com
February 10, 2026
No, AI Doesn’t Justify Lower Interest Rates
Debunking the latest Trump-minion talking point
paulkrugman.substack.com
February 9, 2026
Seduced by the Louis XIV Treatment
What JD Vance and his entourage in Milan teach us about Epstein’s magnetism
paulkrugman.substack.com
February 8, 2026
Federal Reserve 101, Part II: The Global Financial Crisis of 2008 and Its Aftermath
Why the Fed did what it did and why its critics were wrong
paulkrugman.substack.com
February 7, 2026
My Head Talking to Hasan Minhaj
Including thoughts on Bitcoin
paulkrugman.substack.com
February 6, 2026
American Decency Still Lives
When pushed far enough, Americans will do the right thing
paulkrugman.substack.com
February 5, 2026
Cryptocrash
Notes on an interesting day
paulkrugman.substack.com
February 5, 2026
Is This Crypto’s Fimbulwinter?
Political power may not be enough to save the crypto cult
paulkrugman.substack.com
February 4, 2026
Profiles in Cowardice, Tariff Edition
The Supreme Court’s silence says volumes
paulkrugman.substack.com
February 3, 2026
American Democracy Will Not Die in Darkness
Which means that it might — might — survive
paulkrugman.substack.com
February 2, 2026
Kevin Warsh and Weathervane Economics
A man with his finger in the political wind
paulkrugman.substack.com
February 1, 2026
Federal Reserve 101
What America’s central bank does and why it matters
paulkrugman.substack.com
February 1, 2026
A Wonkish Note on Tariffs and Inflation
There isn’t really a puzzle here
paulkrugman.substack.com
January 31, 2026
Talking with Chad Bown
About Trump, tariffs and more
paulkrugman.substack.com
January 30, 2026
A Bad Heir Day at the Fed
No, Kevin Warsh isn’t qualified
paulkrugman.substack.com
January 30, 2026
The Lowdown on Debasement
How seriously has investors’ confidence in America been shaken?
paulkrugman.substack.com
January 29, 2026
The World Files for Economic Divorce from America
What you do when your (trading) partner is abusive
paulkrugman.substack.com