Paul Krugman

@paulkrugman ↗

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Last Checked April 16, 2021

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Sun Mar 29 13:25:36 +0000 2020

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Paul Krugman @paulkrugman

Private investors are running from anything that's even slightly risky or illiquid, making capital costly or unavailable to business. Look at yields on federal debt, which have dropped to zero, versus commercial paper 4/ https://t.co/of1ssdZliT — PolitiTweet.org

Posted March 29, 2020 Hibernated

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Paul Krugman @paulkrugman

On the monetary side, you really shouldn't think of the Fed as "printing money." What it's really doing is recycling money that is trying to flee into safe havens, with potentially disastrous effects 3/ — PolitiTweet.org

Posted March 29, 2020 Hibernated

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Paul Krugman @paulkrugman

A lot of this flight capital basically ends up parked at the Fed, which is in turn lending it back out by buying longer-term securities and even corporate bonds. This does increase the monetary base — "printing money" — but it's best seen as recycling funds into productive use 5/ — PolitiTweet.org

Posted March 29, 2020 Hibernated