Paul Krugman

@paulkrugman ↗

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Last Checked Sept. 16, 2020

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Sat Aug 24 12:09:51 +0000 2019

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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

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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

The only way to make us debt-constrained is to invent some novel principle not based on standard economics (like the infamous 90 percent rule). The arithmetic says not to worry about debt if jobs are at stake 4/ — PolitiTweet.org

Posted Aug. 24, 2019 Hibernated