Paul Krugman

@paulkrugman ↗

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Last Checked July 22, 2020

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Sat Jun 15 14:20:12 +0000 2019

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Paul Krugman @paulkrugman

What about fiscal policy? The GOP already blew $2 trillion on ineffective tax cuts. Could it come back and ask for more – especially when Democrats know that Rs would immediately turn around and say that debt requires cutting government spending? Very hard to see stimulus 4/ — PolitiTweet.org

Posted June 15, 2019 Hibernated

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Paul Krugman @paulkrugman

Also, long-term rates -- which are what matter for investment – are already very low. How much lower would a Fed cut push them? And what would they drive? Monetary policy works largely through housing, and while we aren't in 2006-bubble territory, housing already high 3/ https://t.co/eCX6OafZlz — PolitiTweet.org

Posted June 15, 2019 Hibernated

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Paul Krugman @paulkrugman

So we're very badly prepared for any adverse shock. Trade war makes things worse, but it's not at the core of the problem, which reflects longer-term weakness and political dysfunction, aka the legacy of past GOP sabotage and betrayal 5/ — PolitiTweet.org

Posted June 15, 2019 Hibernated