Paul Krugman

@paulkrugman ↗

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Last Checked Jan. 4, 2021

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Tue Jan 14 14:35:53 +0000 2020

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Paul Krugman @paulkrugman

No doubt some Sanders supporters will claim that Modern Monetary Theory says that deficits don't matter. But even aside from the problems with MMT, that's not what it says — it says that deficits matter only if they're inflationary 2/ — PolitiTweet.org

Posted Jan. 14, 2020 Hibernated

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Paul Krugman @paulkrugman

Bernie Sanders is proposing a huge spending increase, without a remotely comparable increase in taxes. Should we care, and if so why? 1/ https://t.co/Kw7MVxcmSL — PolitiTweet.org

Posted Jan. 14, 2020 Hibernated

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Paul Krugman @paulkrugman

And while I'm for more deficit spending, spending on this scale — I think we're talking sustained deficits of more than 10% of GDP — *would* be inflationary. But actually that's not what worries me about the Sanders plan, because it won't happen even if he becomes prez 3/ — PolitiTweet.org

Posted Jan. 14, 2020 Hibernated