Paul Krugman

@paulkrugman ↗

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Last Checked Nov. 21, 2022

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Wed Dec 02 15:42:43 +0000 2020

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Paul Krugman @paulkrugman

Low interest rates also mean that the debt we run up over the next few years won't snowball (in fact, relative to GDP it will melt) 4/ https://t.co/7Nh6WPmxkg — 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

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Paul Krugman @paulkrugman

So the long-run budget outlook probably isn't much of a problem, and it's certainly not a problem requiring urgent action. There are no economic obstacles to spending what we need to spend — only political hurdles 5/ — PolitiTweet.org

Posted Dec. 2, 2020 Hibernated