Paul Krugman

@paulkrugman ↗

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Last Checked Dec. 20, 2020

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Wed Dec 18 12:35:14 +0000 2019

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Paul Krugman @paulkrugman

In fact, even euro countries saw their debt crises melt away as soon as Mario Draghi said three words — "whatever it takes" — and the liquidity panic ended. Here's the Spain-Germany spread 3/ https://t.co/eK0LPs6QBY — PolitiTweet.org

Posted Dec. 18, 2019 Hibernated

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Paul Krugman @paulkrugman

In reality it was no such thing. Countries like the US and UK that borrow in their own currencies never had any problems. Here's Greece (blue) v US (red) 2/ https://t.co/UjRuHrS5hr — PolitiTweet.org

Posted Dec. 18, 2019 Hibernated

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Paul Krugman @paulkrugman

But the Greece analogy did enormous damage, helping to justify austerity policies that cost millions of jobs and greatly delayed recovery. Without that massive policy error, we probably wouldn't have Trump and Britain wouldn't be leaving the EU. 4/ — PolitiTweet.org

Posted Dec. 18, 2019 Hibernated