On August 11, 2025, President Donald Trump launched a fiery attack on Nobel Prize-winning economist Paul Krugman, labeling him a “Trump Deranged BUM” in a late-night Truth Social post.
The outburst, reported by The Daily Beast, came in response to Krugman’s criticisms of Trump’s tariff policies and the controversy surrounding a recent jobs report.
Trump’s remarks, which also claimed markets reached record highs despite Krugman’s “doom and gloom” predictions, highlight the ongoing tension between the president and the renowned economist, fueling public debate over economic policy and personal rhetoric.
In his Truth Social post, Trump accused Krugman, a New York Times columnist and 2008 Nobel laureate in economics, of being consistently wrong since 2016 and misleading investors with negative forecasts.
“People stayed out of the ‘BEST MARKET IN HISTORY’ because of this Trump Deranged BUM,” Trump wrote, asserting that Krugman’s predictions kept investors from capitalizing on market gains under his administration.
The president’s remarks were prompted by Krugman’s recent critiques, including a Substack post where he warned that Trump’s tariffs and policies could leave the U.S. “distrusted, friendless, and weak,” according to Raw Story.
Krugman has also predicted a greater than 50% chance of a 2025 recession due to Trump’s unpredictable tariff policies, as noted in a Bloomberg Talks interview reported by MoneyWise.
Krugman responded lightheartedly, posting on Bluesky, “Well, this is flattering. I may add ‘Deranged BUM’ to my profile,” and later updated his Substack profile to include the phrase, as reported by The Daily Beast and Bluesky users.
The exchange underscores a long-standing feud, with Trump’s trade adviser Peter Navarro previously suggesting Trump deserved a Nobel Prize in economics for his tariff strategy, a claim Krugman has dismissed as “full-on crazy,” per Raw Story.
Important Context of the Dispute
Krugman’s criticisms focus on Trump’s economic policies, particularly his “Liberation Day” tariffs, which impose 10 to 49 percent import taxes on numerous countries, including what Krugman called fabricated claims about high tariffs from trading partners like the European Union.
In an April 2025 Raw Story article, Krugman debunked Trump’s assertion that the EU imposes a 39 percent tariff on U.S. goods, clarifying that the actual average is less than 3 percent.
He also criticized Trump’s claim of a $200 billion U.S. subsidy to Canada, noting the figure inflates Canada’s trade surplus by a factor of three.
These policy disputes, combined with Krugman’s warnings about economic chaos and damage to U.S. global standing, have evidently provoked Trump’s ire.
The jobs report controversy, mentioned in Trump’s rant, refers to ongoing debates about economic data accuracy, with Krugman and other economists questioning the administration’s handling of economic indicators.
Posts on X reflect polarized sentiment, with users like @LionelMedia praising Trump’s market performance claims, while others, like @theodora30.bsky.social, lauded Krugman’s accessible economic commentary and urged readers to subscribe to his Substack to “irritate Trump.”
Public and Political Reactions
Trump’s attack on Krugman has reignited discussions about his rhetoric and economic policies.
On X, supporters like @CHItraders echoed Trump’s claim that Krugman’s predictions deterred investors from a booming market, while critics, including @realTuckFrumper, highlighted the personal nature of Trump’s “nuclear” outburst.
Krugman’s supporters on Bluesky, such as @matturo.bsky.social, called the “Deranged BUM” label a “badge of honor,” reflecting the economist’s influence and Trump’s sensitivity to criticism.
The feud also taps into Trump’s reported envy of Nobel Prize recipients, particularly after his repeated nominations for the Peace Prize, as noted by Democratic Underground.
The clash between Trump and Krugman highlights broader tensions over economic policy in the U.S., particularly as tariffs and trade wars dominate headlines.
Krugman’s warnings of a potential recession and weakened global alliances contrast with Trump’s narrative of economic triumph, setting the stage for continued debates as the 2025 economic landscape unfolds.
The personal nature of Trump’s attack also raises questions about the tone of political discourse, especially when directed at a respected academic figure.
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