Paul Krugman

@paulkrugman ↗

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Last Checked Jan. 4, 2021

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Tue Jan 14 14:38:51 +0000 2020

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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

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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

What the huge Sanders numbers really say is that he isn't thinking seriously about the details of policy; he's issuing what look like policy proposals but are actually statements of values and priorities, not meant to add up. And there's a case for doing that! 4/ — PolitiTweet.org

Posted Jan. 14, 2020 Hibernated