Paul Krugman

@paulkrugman ↗

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Last Checked Feb. 7, 2021

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Tue Jan 19 13:04:52 +0000 2021

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Paul Krugman @paulkrugman

Still getting anxious mail from people who worry about how America will pay down its debt. Folks, we don't have to pay it down. Here's what happened after WWII: 1/ https://t.co/nVJYboi91z — PolitiTweet.org

Posted Jan. 19, 2021

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Paul Krugman @paulkrugman

Deep thought: if Trump had won, he could have just given Lincoln's second inaugural, except upside down: "With malice toward all, with charity for none, with firmness in the wrong ..." — PolitiTweet.org

Posted Jan. 19, 2021

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Paul Krugman @paulkrugman

America never repaid its war debt. It just issued new debt as the old debt came due. But because of inflation and growth, debt as a share of GDP declined steadily, so that by the 60s the war debt was negligible in economic terms 2/ — PolitiTweet.org

Posted Jan. 19, 2021