On Monday, Nobel Prize-winning economist Paul Krugman went on a tweet storm in reaction to Treasury Secretary Steve Mnuchin ’s tweets about calling banks.
While on a beach in Cabo, Mnuchin called leading banks to reassure them about the plummeting U.S. economy.
Krugman said that the U.S. has an “economic team as clueless as their boss.”
“We should take seriously the possibility that we’re looking at an economic team as clueless as their boss — and that they’ll respond to real problems by firing off off-point tweets from various golf courses,” he tweeted.
This is amazing. It's as if Mnuchin was trying to create a panic over something nobody was worried about until this release 1/ https://t.co/YJsGnEyOQD
— Paul Krugman (@paulkrugman) December 23, 2018
Alternatively, Mnuchin could just be an idiot 2/ pic.twitter.com/5nvS5yQzhD
— Paul Krugman (@paulkrugman) December 23, 2018
Not just me 3/ pic.twitter.com/ITCoOOoALZ
— Paul Krugman (@paulkrugman) December 23, 2018
You know, nobody seriously trying to think about the economic risks is envisioning a replay of 2008; the problems now are much less bank-centered, much more about trade and lack of monetary space. But *maybe Mnuchin doesn't know that* — and maybe nobody in the admin does 4/
— Paul Krugman (@paulkrugman) December 23, 2018
We should take seriously the possibility that we're looking at an economic team as clueless as their boss — and that they'll respond to real problems by firing off off-point tweets from various golf courses 5/
— Paul Krugman (@paulkrugman) December 23, 2018
