Paul Krugman

@paulkrugman ↗

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Last Checked Jan. 12, 2021

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Sat Dec 19 13:00:24 +0000 2020

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Paul Krugman @paulkrugman

Now, few people are predicting a renewed financial crisis — but then, financial crises are almost by definition unpredictable, bc if people knew they were coming they would have happened already. Tying the Fed's hands is just a way to ensure that the worst might happen 6/ — PolitiTweet.org

Posted Dec. 19, 2020

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Paul Krugman @paulkrugman

But this time they're barely even trying to cover up their motives. Toomey is claiming that Fed facilities might be used to funnel aid to blue states, with no plausible theory of how that might happen 5/ — PolitiTweet.org

Posted Dec. 19, 2020

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Paul Krugman @paulkrugman

So, after all McConnell's railing against "blue state bailouts", red states by and large experiencing a bigger revenue hit than blue — bc red state tax systems are regressive, blue somewhat progressive 1/ https://t.co/hp0Vbtjuxe — PolitiTweet.org

Posted Dec. 19, 2020