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Paul Krugman

@paulkrugman ↗

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Last Checked Sept. 16, 2020

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Thu Aug 22 18:26:13 +0000 2019

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Paul Krugman @paulkrugman

Interesting thread from LHS. I have a few points of skepticism — not sold on IS curve sloping the wrong way — but the overall thrust is clearly right. There is little reason to believe that central banks have the power to fight the next downturn, whatever its source 1/ — PolitiTweet.org

Lawrence H. Summers @LHSummers

Coming into Jackson Hole, economists are grappling with a major issue: Can central banking as we know it be the pri… https://t.co/mIKHRJbaCh

Posted Aug. 22, 2019 Hibernated

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Paul Krugman @paulkrugman

Finally, anyone with a knowledge of history knows that when bigotry runs free — and when autocrats rule — Jews always end up in the line of fire. In modern America, this means that the dangerous anti-Semites are on the right 3/ — PolitiTweet.org

Posted Aug. 22, 2019 Hibernated

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Paul Krugman @paulkrugman

Central bankers aren't saying this — but consider their position. If Draghi or Powell were to say "I don't think I have the tools to fix this" it could set off a market panic. They sort of have to sound confident even if they aren't 2/ — PolitiTweet.org

Posted Aug. 22, 2019 Hibernated