Paul Krugman

@paulkrugman ↗

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Last Checked Sept. 8, 2020

Created

Fri Aug 16 18:42:04 +0000 2019

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Paul Krugman @paulkrugman

Here's the German current account surplus as % of GDP. Notice that it didn't shrink AT ALL after the crisis, meaning that Germany was no help to struggling economies 2/ https://t.co/gJr6v69tpU — PolitiTweet.org

Posted Aug. 16, 2019 Hibernated

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Paul Krugman @paulkrugman

Sorry, but the starting premise — that Germany helped troubled European economies power their way out of the slump — is all wrong. Spain, Greece etc. were forced to reduce their deficits, but Germany bore *none* of the corresponding adjustment 1/ https://t.co/Qc5CdLHUVB — PolitiTweet.org

Posted Aug. 16, 2019 Hibernated

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Paul Krugman @paulkrugman

I know that the German position is that everyone should be like them, and run big trade surpluses. Arithmetic has a well-known Keynesian bias 3/ — PolitiTweet.org

Posted Aug. 16, 2019 Hibernated