Agreed that policy changes whipsaw markets and that causes disinterest in the dollar, and agreed that could be real bad (TM) for America.
The rest of this essay just reads like griping and cherry picking though. Complaining about the name of the bill "One Big Beautiful Bill Act" is just dumb. Senators and Reps name bills all sorts of funny things aiming to be catchy or what have you, it's part of our process.
And, it seems much more likely that whipsawing serves the purpose of someone than that people in the whitehouse are "unserious". I'd rather see Mr. Krugman's estimable mind devoted to figuring out who is benefiting, how long they will benefit, and what that will do to others than to read him complaining about the name of a bill.
The rest of this essay just reads like griping and cherry picking though. Complaining about the name of the bill "One Big Beautiful Bill Act" is just dumb. Senators and Reps name bills all sorts of funny things aiming to be catchy or what have you, it's part of our process.
And, it seems much more likely that whipsawing serves the purpose of someone than that people in the whitehouse are "unserious". I'd rather see Mr. Krugman's estimable mind devoted to figuring out who is benefiting, how long they will benefit, and what that will do to others than to read him complaining about the name of a bill.