Paul Krugman

@paulkrugman ↗

Deleted No

Hibernated Yes

Last Checked April 16, 2021

Created

Sun Mar 29 13:36:46 +0000 2020

Likes

288

Retweets

Source

Twitter Web App

View Raw Data

JSON Data

View on Twitter

Likely Available

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

Preceded By

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

Followed By

Paul Krugman @paulkrugman

So the government is borrowing the money the private sector doesn't want to spend, and spending it instead. The market is basically paying the government to do this: real interest rates on federal debt are negative 7/ — PolitiTweet.org

Posted March 29, 2020 Hibernated