Matthew Yglesias

@mattyglesias ↗

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Last Checked Nov. 25, 2019

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Sun Sep 29 12:43:05 +0000 2019

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Matthew Yglesias @mattyglesias

Here’s a good @paulkrugman post from as late as September 2007 reflecting the worry that the US would face sharp capital outflows and a decline in the price of the dollar. In fact the opposite crisis hit. https://t.co/wgzWCx34Sx — PolitiTweet.org

Posted Sept. 29, 2019 Hibernated

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Matthew Yglesias @mattyglesias

Key point Tooze highlights that I’d forgotten and many others skip — highbrow thinkers in the US spent a ton of time in the mid-aughts worrying about a coming global financial crisis, they just were envisioning a completely different crisis from the one we got. — PolitiTweet.org

Posted Sept. 29, 2019 Hibernated

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Matthew Yglesias @mattyglesias

Krugman himself to his great credit saw clearly what was happening and responded to the crisis that did unfold. But the overall ship of conventional wisdom & policy development is hard to pivot, and the folks who took over in 2009 were still preoccupied with the other thing. — PolitiTweet.org

Posted Sept. 29, 2019 Hibernated