Paul Krugman

@paulkrugman ↗

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Last Checked Feb. 7, 2021

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Sat Feb 06 20:15:55 +0000 2021

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Paul Krugman @paulkrugman

We'll see if we really do overheat. But the idea that this is a gratuitously large plan confuses the goals of the policy with the macroeconomics of getting it done 8/ — PolitiTweet.org

Posted Feb. 6, 2021

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Paul Krugman @paulkrugman

So if you're worried about overheating, you shouldn't focus on the notion that the plan is too big; your real concern is that, like fighting a war, doing what needs to be done may be inflationary. And the answer in that case is not to do less, but to limit the inflation 7/ — PolitiTweet.org

Posted Feb. 6, 2021

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Paul Krugman @paulkrugman

Silly side note: it may be helpful to think of the Biden plan as the fiscal equivalent of war. But this brings back memories of Carter's Moral Equivalent of War energy policy; unfortunately, MEOW was not a good acronym 1/ — PolitiTweet.org

Posted Feb. 6, 2021 Just a Typo