Paul Krugman

@paulkrugman ↗

Deleted No

Hibernated No

Last Checked Feb. 7, 2021

Created

Tue Jan 19 13:06:22 +0000 2021

Likes

1,504

Retweets

277

Source

Twitter Web App

View Raw Data

JSON Data

View on Twitter

Likely Available

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

Preceded By

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

Followed By

Paul Krugman @paulkrugman

Today, we have an economy where dollar GDP can be expected to grow 3-4% a year, while the feds can borrow at ~1%. This means that debt tends to melt away as a share of GDP unless we run really huge deficits 3/ — PolitiTweet.org

Posted Jan. 19, 2021