Paul Krugman: Trump's War on the Future, Monetary Edition. Trying to punish Brazil for adopting a better payment system (Excerpt)

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https://paulkrugman.substack.com/p/trumps-war-on-the-future-monetary

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Paul Krugman is generous with his writing. His usual schedule:
MON-FRI: Free Essays
SAT: Interview with an intellectual VIP (Free to Read)
SUN: Primer on a topic of interest — Much of it is behind a paywall because the extra money one day a week provides inventive to write.
“Content on this Substack is free 6 days a week; the Sunday primers, which are an immense amount of work, are the only exceptions. But I will make some primers free with a lag […].” — Paul Krugman

TEXT: Paul Krugman: “Trump’s War on the Future, Monetary Edition.” (20 July 2026)
Trying to punish Brazil for adopting a better payment system.
https://paulkrugman.substack.com/p/trumps-war-on-the-future-monetary

TEXT: Paul Krugman: “Against Oligarchy, Part I: Progressive Taxation' The history and theory of taxes on the elite.” (19 July 2026)
This post will not engage in the debate over direct taxes on wealth. Such an important policy debate deserves a post of its own, which I will write soon. In addition, I will discuss in future posts other ways to limit oligarchy, such as anti-trust policy, consumer protection policies, and measures to limit political corruption.
https://paulkrugman.substack.com/p/against-oligarchy-part-i-progressive

TEXT: Paul Krugman: “Lina Khan on AI and More” (18 July 2026)
Talking with one of our sharpest minds on market power.
https://paulkrugman.substack.com/p/lina-khan-on-ai-and-more

TEXT: Paul Krugman: Trump Can’t Get No Respect (17 July 2026)

His biggest lie wasn’t about elections
https://paulkrugman.substack.com/p/trump-cant-get-no-respect

TEXT: Paul Krugman: Democracy in an Age of Powermaxxing (16 July 2026)
The billionaire backlash has finally arrived. But is it too late?
https://paulkrugman.substack.com/p/democracy-in-an-age-of-powermaxxing

TEXT: Paul Krugman: “The Forever War Gets Scary
But I'm not talking about bombs and drones” (15 July 2026)
[…] nobody’s going to be convinced by the claim that he actually won the 2020 election. But what is happening is that effectively he’s setting up the pretext, the groundwork for massive interference in the vote this November. That we’re basically seeing the stage set for some kind of attempt to block fair elections, maybe block elections entirely.
I don’t know how this is going to play out. But we are really now at the point where it’s pretty clear that Trump and the people around him have given up on actually winning the election. They’ve decided instead that some combination of propaganda, misinformation, disinformation, and possibly massive illegality is their way forward.
And don’t say they wouldn’t do that. That has been famous last words every step of the way. The proposition that there were some things that even Trump and company would not do has been the best way to be wrong about everything, every step of the Trump administration.
https://paulkrugman.substack.com/p/the-forever-war-gets-scary

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