President Trump blasted Nobel Prize-winning economist Paul Krugman as a “deranged bum” after the ex-New York Times columnist was critical of his administration’s tariff regime.
“Paul Krugman of the New York Times has been predicting Doom and Gloom ever since my great election success in 2016,” Trump raged in a Truth Social post late Sunday.
“In other words, he has been wrong for YEARS, as ALL markets have been hitting new HIGHS, and are now higher than ever before.”
“People stayed out of the ‘BEST MARKET IN HISTOY’ [sic] because of this Trump Deranged BUM. Sue them!” he added.
It comes after Krugman, who late last year abruptly quit the Times after more than two decades there, started trashing Trump’s tariffs in his newly created Substack.
In one article published earlier Sunday, the economist described most of the tariffs as “clearly illegal.”
He also ripped Trump for reversing “90 years of tariff reductions.”
“Not to be coy about it, what I’ll argue in today’s post is that Trump’s trade war should be seen as part of a package of policies that amounts to class warfare — class warfare against middle and lower-income Americans in favor of the affluent, especially the top 10% of the income distribution,” he wrote.
Trump’s higher tariff rates of 10% to 50% on dozens of trading partners officially went into effect last week.
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