Paul Krugman

@paulkrugman ↗

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Last Checked July 9, 2021

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Sun May 03 14:15:51 +0000 2020

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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

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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

You can tell stories about how this story might end in inflation. But numbers like money supply and the size of the Fed's balance sheet tell you nothing except that the Fed is doing its job 6/ — PolitiTweet.org

Posted May 3, 2020 Hibernated