Paul Krugman

@paulkrugman ↗

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Last Checked April 16, 2021

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Fri Mar 27 12:34:56 +0000 2020

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Paul Krugman @paulkrugman

But where does the borrowed money come from? Basically, right now we have trillions in private savings with no place to go, because private investment demand isn't sufficient to use them; who's going to invest in the face of a plague of unknown duration? 4/ — PolitiTweet.org

Posted March 27, 2020 Hibernated

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Paul Krugman @paulkrugman

In the most immediate sense, the govt is going to borrow the money — and its borrowing costs are near record lows, despite the surging deficit (those recent wiggles are about financial disruption, which the Fed has mostly calmed) 3/ https://t.co/Bf8PvwRxCZ — PolitiTweet.org

Posted March 27, 2020 Hibernated

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Paul Krugman @paulkrugman

So government borrowing just draws on this pool of excess savings. Furthermore, in so doing it helps prevent an even steeper economic contraction 5/ — PolitiTweet.org

Posted March 27, 2020 Hibernated