I wrote about the manifestly illegal attempt to fire Lisa Cook 1/ paulkrugman.substack.com/p/in-the-mat...
I wrote about the manifestly illegal attempt to fire Lisa Cook 1/ paulkrugman.substack.com/p/in-the-mat...
Trump doesn't know or care what legal or illegal is.
You remain a vital voice in that you have the intellectual seriousness and moral strength to see clearly and speak frankly. Every decent American ought to be proud to have you as a compatriot and listen to what you say.
There is no bottom what is happening in US right now!
Based on the last 7 months. It will happen.
Finding obscure tax law to persecute your enemies (regardless of validity) is very Putinesque. US justice now resembles Russia, except for the windows.
Defenestration....alert
Yet … that we know of.
Important article. “If you get in our way we will ruin your life.” Sure seems like that’s the real message.
Bill Pulte is like the #28th ranked failed grandson of Pulte homes, spent the last three years pushing meme stock conspiracy theories and threw the financial equivalent of Fyre Fest in airport hanger. The fact that he is a member of this administration isn’t shocking.
This is the right headline.
A law being only as effective as it's enforcement
www.npr.org/2025/08/26/g...
And a friend sends me this, from a prominent crypto bro 2/
Look Ma! We're going criming!
When Hilary said “basket of deplorables,” she was being too kind. These people are truly evil.
Her mistakes was the percentage was much higher and she should have leaned into it.
Yeah it's 78 million.
She was far too euphemistic.
Right. Much like the coverup is what leads to condemnation more than the crime itself, it’s mostly when Dems backpedal that they actually incur losses related to their aggressive posturing
The Democratic strategist / advisor class are the gang that couldn't shoot straight. They are some of the dumbest and most clueless folks I've even seen. If Dems want to lose elections, just listen to them.
If they *aren’t* controlled opposition, they ought to be ashamed of themselves, because they’re doing a bang-up-job at it
Any Democratic strategist advising candidates to stop name-calling and take the high road needs to be fired.
"When they go low we go high" was not only repeated from a privileged perch, it was a disservice to every democratic voter. Just some of the dumbest shit imaginable. It should have been, "when they go low we kick them in the scrotum until their balls fall out."
No. No, I don't want violent rhetoric in my politics, thank you very much. Failing to nip that in the bud is partly what got us here.
We can agree to disagree on this one.
No, we can't. I don't accept violent rhetoric from the right and I won't accept it from the left, either.
I'm talking about capitulating - fight. Fight like it matters. And established Democrats don't do that. They're feckless.
They don't, because that's not who we wanted representing us. We wanted politicians, negotiators. Thoughtful, deliberate legislators. Now Trump's in power and everyone's changed what they want in a representative. But thoughtful, deliberate people don't become pugnacious demagogues overnight.
Part of the problem was that the media amplified the right’s “vapors” over such a ‘horrid’ comment that seemed to call c. 20% of the population hopeless. They’re silent now with the current admin calling Ds, i.e., greater than 50% of the population, terrorists, evil, treasonous, etc.
The media is corrupt.
Just regular fascists.
I think she needed a bigger basket.
Vile and Evil
This guy? niccarter.info/about/ Yeah, he is utterly full of his own shit and an absolute hypocrite.
he looks like a pile of ordure, and his self-description seems to back that up
Crypto bro. Enough said 💩
Damn those Bros…
Foul. Also, crypto is only good for gambling (in its "investing" form) and crime. Says a lot about "Nic." 😒
Seems to me that Nic Carter should go through some things.
That Carter guy is such a piece of shit.
Their viciousness will come full circle once Trump's gone and their "daddy" isn't there to protect them anymore.
We're in the part of the story where thousands of citizens turn into voluntary government snitches because they think it'll protect them ...
Sigh
That's thuggery, man. 🌞
Sickening.
Nic Carter is such a piece of shit
Thank you for publicly speaking out… it was “alarming” to hear your analysis last night on Ali V but necessary
With friends like that who needs . . .🙃
I'm sure this would be extremely annoying, but I doubt Paul Krugman is frightened or cowed. He knows how to fight back.
I've read enough of your nonsense to absolutely not give a single shit about the leopards eating your face.
From the Backstreet Boys? 🤔
niccarter.info/about/ FREAK and so called Naturalized Citizen. Wonder where he’s really from? This makes it sound like HELL.
Joe McCarthy is rising from the grave
Fascism protects its corruption through control by intimidation. bsky.app/profile/pkru...
So mortgage fraud involves misstatements of the value of assets being pledged and personal net worth. Should Trump really pursue this?
The worst people. Stay strong Paul.
Ah, but God is in control, he says niccarter.info/about/
Well that's a red flag to check his texting history...
Is this selective examination by Pulte of mortgage applications of Trump's enemies illegal? It sure smells illegal. IS there any recourse that can be taken against Pulte? Lawsuits for infringing on their rights?
Let's investigate Pulte homes. Google says: "Pulte Homes receives mixed ratings, some praising their quality, floor plans, and affordability, while others highlight issues with shoddy construction, poor customer service, and unfulfilled warranties, leading to widespread dissatisfaction."
Mob tactics. Who’s checking out the finances of these billionaire assholes?
The IRS was budgeted to do just that and the GOP pulled the funding and DOGE reduced the size, staffing, and capability of the IRS. #NoOligarchs SEE HOW FACISM WORKS, FOLKS!?
But I couldn't vote for Kamala Harris. She laughed that one time.
MAGA=NAZI No mathematical formula is as True.
Wall str doesn't seem to care much about l'affair Cook, far as I can tell DJIA -0.05% S&P 500 -0.08% U.S. 10 Yr -0/32 4.278%
every dictator thinks they can make the market bend to their will turns out
Oh brother - these people are utterly shameless and drunk on MAGA kool aid.
That the market hasn't reacted (yet) to the destruction of the rule of law, the whipsaw-impossible tariffs, and the attempts to destroy the fed independence is just stunning. It isn't Wile-E-Coyote off the cliff, it is Wile-E running at 50,000 feet...
It is just plain old greed. Everybody thinks they are the one who will know exactly when to get out right before things fall apart.
I think it's worse than that. It seems like willful stupidity to me. At least greed is rational.
Just shows what a poor system it is
Oh, this dude! Yeah, this guy says that any environmental damage we do now mining bitcoin will be more than offset by the future value of that bitcoin when it appreciates. Value for whom, sir? VALUE FOR WHOM?
He tho is bitcoin will go up forever?
Exactly.
What about Paul’s “finances” have anything to do with public “corruption“?
It's not about any crime. It is all about the intimidation and financial and reputational harm along the way. They either want to break you enough to get you to shut up or ruin you sufficiently that shutting up isn't a choice.
Thank goodness I'm completely safe and protected from any sort of political persecution or retributions, since I have absolutely no mortgages whatsoever.
It was incredibly obvious five years ago that literally everyone involved in bitcoin was a fash
American exceptionalism at its finest.
JFC. I’m so sorry. Please don’t stop speaking out. We need experts to explain the impact of their changes to us
FFS.
Real Nobel prize winners don’t scare easily when they are threatened. Sorry this happened to your voice of reason.
Pulte is who should be investigated for fraud.
Remember, conservatives hate big government and the nanny state, except when they control it.
they're no longer "conservatives"
no but they call themselves that so might as well tar conservatives with the pitch they've been throwing around
Depends on what you think they are conserving. If you understand they are conserving the Christian white male power structure, then it all makes perfect sense
They are thugs and bullies, full stop They have no care for the law or rules
and some not-so-nice people might not like this duche bag, so he should look over his shoulder
A crypto-fascist bro
I can't wait for the tribunals.
😫
He's too cheap to shell out for a whole first name?
Money unprinter go brrrr
Mediocre people who blame others for not succeeding as they do are THE prime fans of fascism. They have an ax to grind because they feel victimized. Just look at the GOP and how often it claims to be the "victim". Kind of ironic for people who claim to be superior. They replace DEI with incompetent.
don't worry. Nic can't spell 'it'.
Haven’t you yet identified your safe-haven European country??
Depuis la France, force et honneur à vous professeur Krugman.
Gestapo is already here. No one is safe. Don’t be a “Good German.”
I had to look up who Pulte is. I'm sorry you're being threatened by these lunatics.
If you nee to flee to France ... Hope not for you !
He seems nice...
These MFs think they can bully & act with impunity. There WILL be a reckoning for all of this.
No, that was the people organising Operation Chokepoint
Accountability is coming for every one of these mfers.
they deserve to hang out of a tree
I wish Gil Scott Herron was around to update, “The Revolution Will Not Be Televised” open.spotify.com/track/7ni78V...
I don't think his voice would be up to it 🤔
No shit. I'm with ya, cram2025.
Who is Nick Carter and why does he think his opinion matters?
Personally...?
You’re being threatened by a Backstreet Boy?
I'd take a threat from the Backstreet Boys a lot more seriously.
He sounds like a shit.
😳
Are they still auditing shytgibbon’s returns?
Give us a few years..
Crypto isn’t just about quick profits, it’s about innovation, freedom, and opportunity. Don’t be discouraged by the noise focus on the long term potential. The future of finance is being built today, and you’re still early but please be careful
🤮Itt's about GREED, and getting rich QUICK, with minimal effort.
I get your point, many chase crypto for quick gains. But greed isn’t unique to crypto, it’s human nature. Used wisely, blockchain and digital assets can diversify portfolios, improve payments, and hedge risk.Long term discipline matters more than chasing hype, like I'll always say you need an expert
You call that a friend? Sheesh
You are one of the bright lights, Sir, please continue to shine brightly.
Incredible. Tho crypto bros are just insane
Well, they do believe in the “value” of crypto.
Crypto is a broad brush, there are many that have no value. Focus on Bitcoin.
On the bright side, now we know conservatives lied when they said their values are personal liberty, small government, etc.
...that balancing budgets are necessary, that sexually trafficking and raping children is a bad thing, that general law and order are important attributes to a well functioning society, etc., etc. Could go on for days.
Imagine if anyone looked into any of these so-called billionaires: hedge fund people, techies, bitcoin, cryto, tRump & family, etc.
Dear Paul, I stand with you!
They are so angry with the truth
I had never heard of Nic Carter, but the banner pic on his X account is the psychopathic killer from "No Country for Old Men" letting someone know that he serves a power higher than morality (random chance), and will kill anyone he sees as marked for death by that power, with zero remorse.
whoa...
Dictatorshit
Nic is a very big and important boy who loves Jesus very much.
Fear is their other fake currency.
i can imagine paul krugman and hs one or two mortgages have a lot to answer for.
Well, on the positive Paul, if your finances aren't in order this is almost as good as a 'get out of jail free' card.
This is totally unacceptable behavior! But pls don’t put all who use and advocate for Bitcoin (NOT „crypto“) in the same basket. There are many left leaning, progressives who understand Bitcoin as a technology that can empower human rights and be used against financial oppression by authoritarians.
How is the mission to educate going on this app? I absolutely respect you for trying.
On Twitter I am getting backlashed when I‘m speaking anti-Bukele, anti-Trump when I am on Bluesky speaking about Bitcoin nobody listens or it’s mostly the same anti-„crypto bro“ stuff.
sounds about right. I have no idea how to unprogram the tulip, ponzi, crypto bro bad takes that they learned from whomever. Now, they simply deny the utility out of spite because of a name they associate with it. its very unfortunate.
It’s sad because it keeps themselves and many disadvantaged people who really could benefit from using bitcoin.
🎯
It will eventually progress from sad to hostile as bitcoiners go from “fools wasting their money on magic beans” to “just lucky” and finally to “morally bad, greedy people who should be punished for destroying the economy by hoarding wealth”
absolutely inevitable. Bitcoiners will be vilified by those who have not done the work to understand it.
Yep. I still have hope that this is the same as it was with the Internet in general. It was „only for criminals“ too and it developed into this tool for all. But the losing out is much higher and much more visible with BTC of course.
yes, the perfect lens in which to view the broken money we all use now. Those who did the work now to understand will greatly benefit from adoption of the timechain. Those later will still benefit once they make the jump, just not as quickly as those being early in the S curve.
A millions times worse. Imagine the internet but it was also used by Trump and sons to crash the economy and cause the debt crisis, and also boiled the oceans for no reason other than spite, caused lethal noise pollution and by the way, drove electricity prices up. We've got to keep educating.
It really is a shame. I see a similar phenomenon as the Left is rejecting physical fitness and responsibility for one’s own health, embracing seed oils etc, out of reflexive impulse. Had a interesting chat with ChatGPT about tribal psychology in reference to it. It’s hurting them. ☹️
Unfortunately they've been fooled
And your group should be out there advocating against the fraud and political interference from the crypto bros.
If you dig a bit, you would find that Bitcoiners have been fighting against crypto scams since they have existed.
We are, but we face backlash as we are put in the same category as them by mainstream and the left. So our work and awareness about it is smaller. Cat bites its tail.
Of COURSE NOT!!
I mean Bitcoin itself is the anti-authoritarian tool! And yes: it’s its nature that it can be used by anyone. Sadly the greedy have discovered how to make centralized crypto copies by which they rip off people.
Bitcoin is mostly used by scammers and criminals, but go off.
A couple hundred million people in the world use Bitcoin. The vast majority of those people are not using it for scams or criminality.
It’s really a pity that you believe this BS. Just an example below: youtu.be/WH2ugTQtYTM
And by “this BS” you mean “the well documented use of crypto by criminals”? No one is arguing that crypto cannot be used for good as well. Meanwhile crypto bros are definitely evil. lawandcrime.com/analysis/the...
Agree. Buying political power is anti-democratic. I am definitely not on the crypto bros side. By pushing the „crypto criminals“ narrative you are negating that Bitcoin can be used for good. 25 years ago the story was that the Internet was used by criminals only too and yet here we are.
I'm not at all arguing that Bitcoin cannot be used for good. It can and has been used for some good. It can and has been used for evil as well. It's a tool, not a morality questionnaire.
Where are you getting your information? There’s hard data out there, this isn’t a question of opinion. 0.14-0.40% of all bitcoin transactions are for illicit activities (varies by data source). 2-5 % of all US$ transactions are for illicit activities, that’s over 10x, by percentage!
You are confusing "crypto crime" and "scams and illicit activity with crypto." academic.oup.com/rfs/article-... www.chainalysis.com/blog/2025-cr... www.gao.gov/blog/virtual...
I was speaking of bitcoin specifically. Chainalysis is a credible source but you may have to dig a little to find bitcoin specific data. The article you cited lumped crypto, stablecoins and bitcoin together, and mentioned that bitcoin crime has moved to stablecoins. God, I would never defend …
…. “crypto” when it comes to crime. The vast majority (arguably *all*) of non-bitcoin “crypto” tokens are criminal scams by their very existence.
anitaposch.com/bitcoin-and-...
When Pam Bondi says we have to shut Bitcoin down folks might believe you, but until then...
Bitcoin IS THE FUCKING POSTER CHILD FOR CRYPTO! WHY is the thread mostly BOTS (I ask, facetiously)..
Bitcoin was first and being copied. Thousands of cryptos were started to make money out of self interest. They are centralized and have no real value. I dislike them too. But shout louder.
If you’re in crypto and not thinking in 3 layers trend, liquidity, and narrative you’re already behind.
💩
SAYS the bot with 1 follower..
These folks better hope the pardon list has their names on it. And I hope the pardon list can be pierced. They will NOT overthrow our Republic and justice is coming for these thugs however slow.
📌
Trump, who's business is/was found GUILTY of fruad. Trump personally found guilty of all 34 felony counts.... A felon of fraud.
When Paul Krugman says this is a 5 alarm fire for democracy (as he did on @maddow.msnbc.com), it's high time to be very worried!
` Microsoft Bing's "summary" is already describing her in the past tense. Sounds like libel, to me.... `
Yikes! We are Turkey.
` Think I missed a turn, ended up on the wrong timeline. 🤨
What do you think is gonna happen in May when Powell steps down and Trump replaces him with a puppet?
Trump Depression
Has he lined up Miss Piggy or Fuzzy Bear?
Also prior to 2022 the mortgage rates for second homes was the same as a primary residence with 10% down. This was changed in 2022 and they now are the same (higher) as a investment property.
Perhaps every mortgage on every pulte home needs to be reviewed? . . .
The VERY first thing I noticed is she’s another Black woman. He’s a racist and misogynist and is using every opportunity to get rid of the Black women like Letitia James who’ve managed to hold him accountable. It’s not anti-DEI, it’s racism.
What happens when #Trump sees data he doesn’t like? It disappears. And he wants his free money back despite his tariff inflation 😁
Interested in more information about Bill Pulte? Go to Reddit and search for "Ploot" and "GME Meltdown" for starters.
It is NUTS that I called my Senator and got the impression he’s hardly been called about this issue. Everybody at the bare minimum needs to call their Congressional staff. Light ‘em up.
Thank you, Mr. Krugman.
The chutzpah of a guy convicted for financial fraud attacking a Fed governor for lack of integrity. By his own logic he should resign for lack of honesty.
Muted market reaction is perplexing.
Amazing no one has pointed out (before your talk with Lizza) that Pulte going through her personal financial info is some sort of red line
She’s a woman. She’s black. Understand why they targeted her first.
A bull in the economic china shop would be calamitous!
This is actually illegal…
"It’s about whether we are still a nation of laws." - it seems we've already answered this question, unfortunately. To me the question now is can we go back to being a nation of laws?
A personal note: My mom read pretty much every word you ever wrote until her passing in 2021. She was a literal genius and loved economics. Made a lot of money. Now I read every word you write. Thanks for sharing your wisdom. It’s more appreciated than you may know.
Djt thrives on revenge. Always has. It’s who he is.
Pulte is the weirdo who pretended to give money away. He's giving away money now- taxpayer money.
It's far worse than that. Go to Reddit and search for "Ploot" and "GME Meltdown" to find more info about what Pulte's been up to these past few years (not good).
I figured. The housing market is going to get crypto blitzed, isn't it
His family makes crappy homes in Michigan. Then screws over the buyers and won’t fix issues.
What a totally surprise choice for the Trump Administration
👍👍👍👍👀
It’s too bad, thanks mostly to a corrupt SC majority & spineless GOP, that law in this country is now almost nonexistent. GOP supports lawlessness.
Orange can't vanquish climate change with executive orders. He can't nullify economic principles by fiat and firings. Blood in the face as a foundational tenet of economics and politics has always brought misery.
It's going to be up to Powell then. This should be good. 🍿
Trump will keep up the bully tactics until we stop him. Thank you for continuing to expose the danger.
Cook has already pushed back publicly; this MIGHT cause the Administration to back down, as it apparently did overnight on its threats to send troops to Chicago in the face of similar resistance from the Mayor of Chicago and Governor of Illinois. We shall see.
Of course I’m extremely worried as well because she’s unfortunately a black woman and he’s a #rascist and #misogynist in which all women of color should lash out at his dangerous actions, threatening any women of color, especially those of black should stand up and fight, I won’t tolerate it!! 🤬☠️
"Furthermore, there is no evidence that Cook even knew what the security instruments said" Everyone who has completely read through and understands their mortgage papers please raise your hand.
For cause, as in: cause she’s a black woman.
Trump messed with the wrong woman 😉
I.L.L.E.G.A.L.
Remember! The Republicans did nothing. Vote accordingly.
Beautifully summarized
It’s not up to an actor to say whether firing the federal reserve member is legal or not. Man, you sure think a lot of yourselves.
She committed mortgage fraud three times
Heavens! you know it matters.
Also have we considered that this is just yet another pump and dump the market scam?
What kind of conflicts of interest are presented with Trump's USD1 and his efforts to control the Fed Reserve Board?
He wants interest rates to be lower not higher and at a first glance one might think that would hurt his stablecoin but could it also increase demand for such a service?
In your remarks to Rachel Maddow, one word you used reminded me: I read that, in his proposal to Melania, Trump said that if she didn’t marry him, her life would be “ruined”. 🙄