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I'm still in Madrid, and people are asking me about Spain's economic recovery and whether it validates the euro. So here's what you need to know. Spain has indeed been clawing its way back via massive "internal devaluation" — lower inflation than its partners 1/
How did it achieve this internal devaluation? Through years of intense economic suffering. Even now the unemployment rate is far above the pre-crisis level 2/
If this is a success story, it's a Pyrrhic one; a few more successes like this and Spain would be a wasteland 3/
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Paul Krugman
@paulkrugman
If the goal of a short-term stimulus is to put money in people's hands, then we should put money in people's hands: just mail out checks. There is no reason to structure it as a payroll tax cut, which does nothing for those not getting paychecks 1/
There's also a powerful case for aid to state and local governments trying to cope with this crisis — which would also help sustain spending. So why a tax cut? 2/
The answer, I suspect, is that Trump and his party want to maintain the pretense that tax cuts are the answer to all problems, even when in practice they're being purely Keynesian right now 3/
Read 4 tweets
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Paul Krugman
@paulkrugman
A bleak thought: I often tell people not to worry too much about disasters in advanced countries, because such countries are incredibly resilient. They have wealth; they have competent civil services. For example, I've never bought into the disaster scenarios for Brexit 1/
But what if the competence of a country's bureaucracy — aka its deep state — has been undermined by leadership that demands obsequious loyalty, disdains expertise, and punishes anyone who tells it what it doesn't want to hear? 2/
In other words, is Trump's America still an advanced country as we normally imagine it? We have huge reserves of expertise and talent to deal with crises, but these people are disdained and distrusted 3/
Read 4 tweets
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Paul Krugman
@paulkrugman
There are now good reasons to believe that the coronavirus will hit America especially hard, even though it originated in China. Why? Because it plays into multiple pre-existing weaknesses 1/
First, we have a man-child as president: not only does he judge everything solely in terms of whether it makes him look good, he has a very short-term focus. Downplay the threat to win today's news cycle, never mind what might happen down the road 2/
He also can't admit mistakes. Every past decision was perfect. So no capacity to adjust. 3/
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DATA=CURRENCY=POWER
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WE THE ]#PEOPLE[ Have to Pick Up Where Our #Founders Left Off. Protect The #Nation Protect the #Family, [Protect the #Children] living in our Great #UnitedStates of #AMERICA..
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Holly Figueroa O'Reilly
@AynRandPaulRyan
Here's all you need to know about this summary:

Trump told Zelensky he would give Ukraine Javelins (weapons) if Ukraine helped him politically.

That's impeachable. Period.

#trumpimpeachment #impeachmentparty #rudycolludy #ukrainetranscript
This is not a transcript.
It's a memorandum.

Here's the difference.
#trumpimpeachment #impeachmentparty #rudycolludy #ukrainetranscript
Here's the memo in full.
It implicates Barr and Giuliani as well.

Don't let anyone tell you this is a nothingburger.
This is 100% impeachable.

And we haven't even seen the whistleblower report yet.
#trumpimpeachment #impeachmentparty #ukrainetranscript

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Funmi Oyatogun
@funmioyatogun
Here's all you need to know about applying for a @cheveningfco scholarship, how to get short listed, what to do to ace your interview and get your Masters from the UK fully sponsored.

How do I know? I am one of the youngest @cheveningfco scholars ever from Nigeria.

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chevening.org
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Mona
@Monaheart1229
Here's everything you need to know about how each of the Dem candidates qualify for the first debate on June 26, 27 in Miami. This is a worthwhile read.
#ThursdayThoughts #BlueWave2020
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Matt Fuller
@MEPFuller
Here’s what you need to know when someone claims the GOP health care bill — the AHCA — covered people with pre-existing conditions:

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The AHCA allowed insurers to take into account “health status” when setting premiums. That means they could charge more for pre-existing conditions.

So while insurers couldn’t *deny* sick people, they absolutely could charge them more — an unaffordable amount more.
Under the bill, states that wanted to allow insurers to charge those people more would have to set up a “high-risk pool,” where sick people could get coverage.

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Rachel Riley
@RachelRileyRR
Here’s all you need to know about the state of the current @UKLabour Antisemitism crisis, displayed over the last 12 hrs.

For months now, I’ve been speaking out to highlight the growing problem of AS in the UK.

On Monday I recorded a Podcast with @krishgm which comes out today
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I’ve deleted her handle to avoid a pile on, also I really want nothing to do with her.
Rosie is a 16 year old girl who claims I’m a bully.
I could ignore this, but 1st, it’s wrong. And 2nd, it’s being spread by some dangerous people.
Here are the messages of abuse aimed at me from replies to Rosie’s msgs.
Note @LabLeftVoice is a rabid and dangerous antisemite who has had complaints made about them to the Jewish Community Security Trust @CST_UK as she shares home addresses of people she doesn’t like (doxxing)
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