Paul Krugman

@paulkrugman ↗

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Last Checked Nov. 21, 2022

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Wed Dec 02 15:37:25 +0000 2020

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Paul Krugman @paulkrugman

But as Furman and Summers point out, CBO has consistently projected big rate increases that haven't happened 3/ https://t.co/nkaahrFS5L https://t.co/oDtTo1VkgU — PolitiTweet.org

Posted Dec. 2, 2020 Hibernated

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Paul Krugman @paulkrugman

But what's driving those projections? Mainly it's rising interest costs — which in turn are driven largely by the assumption that rates will rise a lot 2/ https://t.co/q0AjPNfrV3 — PolitiTweet.org

Posted Dec. 2, 2020 Hibernated

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Paul Krugman @paulkrugman

In other words, we're no longer living in a world in which the prospect of an aging population is the main driver of grim fiscal forecasts; instead, it's mainly a highly questionable assumption about financing costs 3/ — PolitiTweet.org

Posted Dec. 2, 2020 Hibernated