Paul Krugman

@paulkrugman ↗

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Last Checked Sept. 2, 2021

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Thu May 21 11:35:33 +0000 2020

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Paul Krugman @paulkrugman

But the operative word is "gradually": even by the year 2050 the US debt ratio would be lower than that in Britain for much of the 20th century. The point is that we shouldn't panic about debt; we have lots of running room, and won't need extreme measures to contain it 6/ — PolitiTweet.org

Posted May 21, 2020 Hibernated

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Paul Krugman @paulkrugman

Two scenarios: primary balance, and a primary deficit of 2% of GDP, which is roughly where we were before the 2017 tax cut. In both cases I assume interest rate 1% below growth rate. Deficit scenario would lead to gradually rising debt ratio 5/ https://t.co/bhRJ0cwK1s — PolitiTweet.org

Posted May 21, 2020 Hibernated

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Paul Krugman @paulkrugman

Apropos of nothing: I remember a contest, long ago, in which people were supposed to come up with new answers to "Why did the chicken cross the road?" The best one was, "Alternate side of the street parking regulations" — PolitiTweet.org

Uh oh. Parking regulations were back this week in NYC. https://t.co/f4PoWjcncb

Posted May 21, 2020 Hibernated