Paul Krugman

@paulkrugman ↗

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Last Checked Dec. 20, 2020

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Sat Dec 28 13:10:42 +0000 2019

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Paul Krugman @paulkrugman

And here's what happened during the years of panic-driven austerity (measured by the change in the IMF's measure of the structural budget balance) 4/ https://t.co/yA0a9ldHIU — PolitiTweet.org

Posted Dec. 28, 2019 Hibernated

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Paul Krugman @paulkrugman

After all, one overwhelming lesson of the past decade is that Keynesian economics works. In particular, austerity in a depressed economy really hurts. Exhibit A is the euro crisis, where a financial panic led to austerity in some but not all countries. Here's the panic: 3/ https://t.co/3d5xFORnZv — PolitiTweet.org

Posted Dec. 28, 2019 Hibernated

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Paul Krugman @paulkrugman

The US didn't do anything that dramatic, but as the Hutchins Center estimate shown above shows, it did have significant austerity under Obama, which changed to stimulus under Trump. How much has that mattered? 5/ https://t.co/MsCavGVV2b — PolitiTweet.org

Posted Dec. 28, 2019 Hibernated