Paul Krugman

@paulkrugman ↗

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Last Checked Sept. 29, 2020

Created

Wed Sep 11 17:00:54 +0000 2019

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1,148

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Paul Krugman @paulkrugman

Quite aside from his demand that the Fed adopt emergency stimulus measures when the unemployment rate is 3.7%, Trump's tirade included the idea that the US should "refinance our debt." Why is that a stupid, ignorant remark? 1/ — PolitiTweet.org

Posted Sept. 11, 2019 Hibernated

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Paul Krugman @paulkrugman

So what's the actual plan? My guess is that when bad numbers come in, Trump will cross them out and write in better numbers with a Sharpie — and/or try to pressure the statistical agencies into faking the data 7/ — PolitiTweet.org

Posted Sept. 11, 2019 Hibernated

Followed By

Paul Krugman @paulkrugman

The answer is that federal debt isn't like a mortgage you can prepay; it's bonds that promise a fixed yield until maturity. The government could issue new bonds and buy the old bonds back, but this wouldn't reduce interest payments at all ... 2/ — PolitiTweet.org

Posted Sept. 11, 2019 Hibernated