Paul Krugman

@paulkrugman ↗

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Last Checked April 16, 2021

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Sun Mar 29 13:34:23 +0000 2020

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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

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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

Deficit spending is in a way a similar story. The private sector suddenly wants to spend much less, and accumulate assets instead. But my spending is your income, and your spending is my income. If everyone tries to spend less, the result is a depression 6/ — PolitiTweet.org

Posted March 29, 2020 Hibernated