Paul Krugman

@paulkrugman ↗

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Last Checked April 16, 2021

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Sun Mar 29 13:40:04 +0000 2020

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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

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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

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Paul Krugman @paulkrugman

The world doesn't always look like this. But in times of crisis it does, and huge monetary and fiscal expansion isn't irresponsible; on the contrary, refusing to engage in expansion would be irresponsible 8/ — PolitiTweet.org

Posted March 29, 2020 Hibernated