Paul Krugman

@paulkrugman ↗

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Last Checked July 9, 2021

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Sun May 03 14:13:54 +0000 2020

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Paul Krugman @paulkrugman

This was *not* the Fed exogenously rolling the printing presses. It was private investors fleeing into the haven of presumably safe assets — funds that accumulated as excess bank reserves, which the Fed recycled back into the economy via quantitative easing 4/ — PolitiTweet.org

Posted May 3, 2020 Hibernated

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Paul Krugman @paulkrugman

We saw the same thing, although not on the same scale, in 2008-9 as bond spreads temporarily soared 3/ https://t.co/qD6mIji19w — PolitiTweet.org

Posted May 3, 2020 Hibernated

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Paul Krugman @paulkrugman

Basically the same thing this time. In March Covid-related losses threatened to spill over into a full-scale financial crisis, but the Fed managed to contain it 5/ https://t.co/bPgXS2rxFL — PolitiTweet.org

Instead, it was all about the emergence and then containment of a potential financial crisis, as documented in this… https://t.co/XrDbEeBSqm

Posted May 3, 2020 Hibernated