Paul Krugman

@paulkrugman ↗

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Last Checked July 3, 2020

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Sun Apr 07 15:02:00 +0000 2019

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Paul Krugman @paulkrugman

But real rates after 2008 were low for a different reason – weak investment demand due to global deleveraging and p… https://t.co/tZGCB05T1D — PolitiTweet.org

Posted April 7, 2019 Hibernated

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Paul Krugman @paulkrugman

There is, it turns, out, a reason gold doesn't do what goldbugs think it does: the gold price isn't driven by inflation, but by real interest rates -- the return on alternative assets. These seemed low in the late 70s because unexpected inflation was eroding real returns 6/ — PolitiTweet.org

Posted April 7, 2019 Hibernated

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Paul Krugman @paulkrugman

OK, I'm probably wasting my time. And Cain quote uses language taken straight from Atlas Shrugged; and it's hardly news that the right is full of Ayn Rand fanboys. But anyway, always remember that goldbugs don't actually understand the gold standard 8/ — PolitiTweet.org

Posted April 7, 2019 Hibernated