Paul Krugman

@paulkrugman ↗

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Last Checked April 3, 2023

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Mon Mar 13 12:40:05 +0000 2023

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Paul Krugman @paulkrugman

I think that the risk from it turning out to be systemic after all just trumped the argument that it probably wasn’t. — PolitiTweet.org

Is it fair to say that Yellen and Powell clearly disagreed with this? What exactly were they seeing over the weeken… https://t.co/6D86IiHuiy

Posted March 13, 2023

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Paul Krugman @paulkrugman

But it is infuriating. At a fundamental level, we're arguably talking about a kind of scam: a bank that sold itself on false pretenses. It's really part of the larger story of delusion marketing that includes crypto 8/ — PolitiTweet.org

Posted March 12, 2023

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Paul Krugman @paulkrugman

Of course I’m boarding a long flight just as this stuff breaks. Will weigh in when I’ve arrived. But on moral hazard: I don’t think expectations of a bailout created this mess. The depositors weren’t that smart — PolitiTweet.org

Posted March 13, 2023