Paul Krugman

@paulkrugman ↗

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Last Checked Feb. 5, 2021

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Fri Jan 15 17:09:52 +0000 2021

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Paul Krugman @paulkrugman

Gonna do a brief (?) wonkish thread on debt sustainability, and why we shouldn't worry about it. Start with the reason many people think it's terrible: they imagine that debt snowballs, because the more debt you have the higher your interest payments, so you run up even more 1/ — PolitiTweet.org

Posted Jan. 15, 2021

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Paul Krugman @paulkrugman

One striking thing is how many readers are still sure that we're facing a debt disaster and/or runaway inflation. The modern fiscal consensus is going to be a hard sell despite overwhelming evidence. — PolitiTweet.org

.@paulkrugman responded to readers who commented on his column, "Four Rules That Should Guide Bidenomics." Read the… https://t.co/DCsrV5YrGk

Posted Jan. 15, 2021

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Paul Krugman @paulkrugman

This happens to individuals and businesses! And it could in principle happen to the U.S. government. But the arithmetic is all wrong — so wrong that even if borrowing costs rise in the future it's just not likely to be an issue 2/ — PolitiTweet.org

Posted Jan. 15, 2021