Paul Krugman

@paulkrugman ↗

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Last Checked April 20, 2021

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Tue Mar 31 12:34:47 +0000 2020

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Paul Krugman @paulkrugman

Add in slumping investment — who's going to build office parks and houses in a plague? — and you have vast savings looking for someplace to go. Real interest rate on long-term debt is -0.25: investors basically paying feds to take their money 8/ https://t.co/Z3HuSsufv6 — PolitiTweet.org

Posted March 31, 2020 Hibernated

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Paul Krugman @paulkrugman

After all, it's not buying (not allowed to buy) N products; most of that foregone consumption will probably be reflected in saving, rather than increased purchases of still-available goods. Savings rates of still-employed households are surely soaring 7/ — PolitiTweet.org

Posted March 31, 2020 Hibernated

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Paul Krugman @paulkrugman

So we want massive, debt-financed disaster relief while the economy is in its medically induced coma. And while we're doing some of that — that "stimulus" bill was far better than the things Rs were talking about a week earlier — it's still not nearly enough. 9/ — PolitiTweet.org

Posted March 31, 2020 Hibernated