Paul Krugman

@paulkrugman ↗

Deleted No

Hibernated No

Last Checked Feb. 7, 2021

Created

Fri Jan 15 17:11:10 +0000 2021

Likes

536

Retweets

Source

Twitter Web App

View Raw Data

JSON Data

View on Twitter

Likely Available

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

Preceded By

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

Followed By

Paul Krugman @paulkrugman

One reason is that the real value of debt is eroded by inflation. Real interest rates are currently negative, and overall real interest payments, as Furman and Summers point out, are at historic lows 3/ https://t.co/ooqy1WExMl https://t.co/8gN3WjKm87 — PolitiTweet.org

Posted Jan. 15, 2021