Paul Krugman

@paulkrugman ↗

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Last Checked Nov. 2, 2020

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Fri Oct 11 11:10:41 +0000 2019

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Paul Krugman @paulkrugman

It's not just that with interest rates below growth rates, debt won't snowball. Also, public debt is NOT borrowing from the future. Unless it displaces investment — which there's no sign it's doing — it just creates claims by one part of the population on another part 4/ — PolitiTweet.org

Posted Oct. 11, 2019 Hibernated

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Paul Krugman @paulkrugman

Neither, of course, are Larry Summers or yours truly. All of us have concluded based on data and hard thinking that debt isn't the kind of existential threat a lot of Beltway types claim that it is 3/ — PolitiTweet.org

Posted Oct. 11, 2019 Hibernated

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Paul Krugman @paulkrugman

That is, taxpayers owe interest to bondholders. This can create some problems, but it doesn't reduce the future income of society as a whole. So running budget deficits is nothing at all like emitting greenhouse gases 5/ — PolitiTweet.org

Posted Oct. 11, 2019 Hibernated