President Donald Trump posted on Truth Social, criticizing economists, particularly Paul Krugman, for their negative forecasts.
Criticism of Krugman
In his post from August 10, 2025, Trump referred to Paul Krugman as a 'deranged bum' and stated that economists are preventing the public from entering the 'best market in history.' He urged his followers to 'Sue them!' for their persistently gloomy predictions.
Trump's Market Optimism
Trump emphasized that markets are reaching record highs, claiming: 'ALL markets have been hitting new HIGHS and are now higher than ever before.' He implied that economists' warnings had failed to come true.
Economic Controversy
Krugman, who frequently criticizes Trump's economic policies, recently condemned the president's decision to fire the Bureau of Labor Statistics commissioner following disappointing job data for July 2025. Krugman responded that Trump's claim of data being fraud from a 'deep state' conspiracy is a standard practice for the right.
The controversy between Trump and Krugman highlights the disagreements in perceptions of economic conditions and intensifies debates about the accuracy of economists' predictions.
