Nobel economist obliterates core MAGA talking point
Source: Alternet.org · Bias: Left
Summary
With tensions between the Trump Administration and the United States' longtime European allies soaring, many MAGA Republicans are claiming that the European Union (EU) is in disarray economically. But according to economist Paul Krugman, Europe is doing much better economically than U.S. President Donald Trump and his allies are claiming. "The productivity numbers aren't wrong, exactly, but they are misleading," Krugman writes in a Monday column posted on Substack. "America's faster growth reflects its dominance of a narrow sector, IT, and has not translated into lagging European productivity measured in terms of the value of the goods an hour's labor can produce."Krugman notes that using World Bank data, he has argued against "the widespread depiction of Europe's economy as moribund because its productivity growth has lagged America's.""I am, however, fairly sure that the picture I derived from World Bank data is right, partly because the story fits together, but also, because it turns out that a third source, the Paris-based Organization for Economic Cooperation and Development — which is good for many kinds of data! — has estimates of exactly the variables I've been talking about," Krugman explains. "Namely, productivity per hour at constant prices, which is what the misleading numbers focus on, and PPP in current prices, which is actually the relevant variable. The source is the OECD Data Explorer."Krugman stresses that using the "current prices" in the OECD Data Explorer, one doesn't see a "trend" of ongoing economic decline in Europe."Again, I am not saying that all is well with Europe," Krugman argues. "But the common diagnosis of the continent as a museum, unable to keep up with modern technology, rests on bad data analysis."
Related Coverage
- MAGA reporter declares: 'Uncool' State Fair debacle is the 'end of Trump' (Left — Alternet.org)
- Memo to MAGA: Stop Being Idiots — The Dems Are TELLING US How to Destroy Them! (Right — PJ Media)
- MAGA defender stuns CNN panel by twisting himself into 'pretzel' for Trump (Left — Alternet.org)
- Trump team believed Israel plotted assassinations to derail Iran talks: reports (Far Left — Raw Story)
- Israel Reportedly Planned to Assassinate Iranian Negotiators During Peace Talks (Far Left — Truthout)
- MAGA world shrugs as Trump reports $2.2 billion in personal gains (Far Left — Raw Story)
- MAGA Base Stays Quiet After Trump Reports Billions in Personal Gains (Center Left — NYT > U.S. > Politics)
- NATO Allies Spar Over Pipelines, Ukraine Support in Summit Talks (Center — Bloomberg Politics)
Daily Analysis
Read the full Parallax Pulse for May 18, 2026 — an AI-powered analysis of how Left and Right media covered the biggest stories this day.
More Headlines From May 18, 2026
- Trump settles IRS lawsuit, sets up $1.7B fund for claims of "weaponization" (Center)
- These Republicans are bucking Trump by throwing support behind Thomas Massie (Far Right)
- US Approves $4.2 Billion in Helicopters, Upgrades for Seoul (Center)
- US bans foreign travelers from Ebola-impacted nations (Center)
- Trump’s Push to Defeat Thomas Massie Is the Most Expensive House Primary in Recent Years (Center Left)








