Paul Krugman

@paulkrugman ↗

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Last Checked Dec. 27, 2020

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Wed Jan 08 12:46:24 +0000 2020

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Paul Krugman @paulkrugman

That’s because the interest rate is below the economy’s growth rate — which is actually normal. Wait, there’s more. Interest rates are low because private spending is consistently weak, probably because of demographic factors. And that has implications for budget policy 5/ — PolitiTweet.org

Posted Jan. 8, 2020 Hibernated

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Paul Krugman @paulkrugman

And even the interest payment number gives a misleading picture. *Real* interest payments are much lower, indeed barely positive. And the budget surplus needed to stabilize debt relative to GDP, which is a much better measure of the debt burden, is *negative* 4/ — PolitiTweet.org

Posted Jan. 8, 2020 Hibernated

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Paul Krugman @paulkrugman

Specifically, deficit spending is actually good under these circumstances, because it helps sustain demand and makes it easier to maintain employment. Now, we should be using deficits for good — rebuilding infrastructure, not giving corporate handouts 6/ — PolitiTweet.org

Posted Jan. 8, 2020 Hibernated