Paul Krugman

@paulkrugman ↗

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Last Checked Sept. 16, 2020

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Sat Aug 24 12:07:30 +0000 2019

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Paul Krugman @paulkrugman

Net interest payments are 1.8% of GDP, i.e., average interest rate about 2.2% (and current borrowing costs less than that). Real borrowing costs barely positive, while potential GDP is growing ~ 2% per year 2/ — PolitiTweet.org

Posted Aug. 24, 2019 Hibernated

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Paul Krugman @paulkrugman

What Jared says in this thread. The US currently has a debt-to-GDP ratio of about 80 percent, which is high by historical standards and could easily be presented as an obstacle to stimulus. But it really isn't 1/ — PolitiTweet.org

Just a few elaborations on @LHSummers great thread. I'm left with the same concern I've long had; the biggest threa… https://t.co/Sa4FFcAr2a

Posted Aug. 24, 2019 Hibernated

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Paul Krugman @paulkrugman

So the question should be, does adding to the debt for a stimulus endanger solvency? And the answer is, clearly not. We can stabilize the debt/GDP ratio while running a primary (non-interest) deficit; and the size of this stability deficit would *rise* with a higher debt ratio 3/ — PolitiTweet.org

Posted Aug. 24, 2019 Hibernated