Paul Krugman

@paulkrugman ↗

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Last Checked Feb. 7, 2021

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Fri Feb 05 18:53:00 +0000 2021

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Paul Krugman @paulkrugman

As Kevin Drum pointed out long ago, there's a "hack gap" between the parties: even Republicans who should know better fall in line to back the party line, as economists did for the 2017 tax cut. Democrats, not so much 3/ — PolitiTweet.org

Posted Feb. 5, 2021

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Paul Krugman @paulkrugman

I mean, suppose that the Fed ends up hiking rates because unemployment is 3.2% and the economy is growing at 8%. Would that be so bad? But while I don't think Summers is being helpful, the fact that he is weighing in like this says some good things about Democrats 2/ — PolitiTweet.org

Posted Feb. 5, 2021

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Paul Krugman @paulkrugman

If the Summers critique actually threatened to derail economic rescue, I'd be upset. But the Biden people are ready with counterarguments, and have their political ducks in a row. So what we're actually seeing is that determined policy can survive serious debate 4/ — PolitiTweet.org

Posted Feb. 5, 2021