Paul Krugman

@paulkrugman ↗

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Last Checked Nov. 10, 2020

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Sun Oct 27 13:05:47 +0000 2019

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Paul Krugman @paulkrugman

A thought on the budget deficit: it's now roughly back to what it was in 2012. Here's what Paul Ryan said in his convention speech that year: "In this generation, a defining responsibility of government is to steer our nation clear of a debt crisis while there is still time. " 1/ — PolitiTweet.org

Posted Oct. 27, 2019 Hibernated

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Paul Krugman @paulkrugman

Obviously governments of both left and right can mess up. But the persistent belief that big business and the wealthy know How Things Work and can run the economy best is completely at odds with experience 4/ — PolitiTweet.org

Posted Oct. 27, 2019 Hibernated

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Paul Krugman @paulkrugman

At the time, the unemployment rate was 8 percent and the economy desperately needed fiscal support — but Republicans and a lot of centrists were demanding austerity. Now we have <4% unemployment, a trillion-dollar deficit — and crickets 2/ — PolitiTweet.org

Posted Oct. 27, 2019 Hibernated