Paul Krugman

@paulkrugman ↗

Deleted No

Hibernated No

Last Checked April 13, 2021

Created

Wed Mar 17 13:01:59 +0000 2021

Likes

246

Retweets

Source

Twitter Web App

View Raw Data

JSON Data

View on Twitter

Likely Available

Paul Krugman @paulkrugman

It was actually quite weird: there was a lot of innovative, creative economic analysis — all of which turned out to be dead wrong — being deployed FOR austerity, which conventional macro rightly said was a really bad idea 4/ — PolitiTweet.org

Posted March 17, 2021

Preceded By

Paul Krugman @paulkrugman

One thing people should realize, however, is that policy orthodoxy in, say, 2011 did NOT reflect macroeconomic orthodoxy in the sense of what the standard models said. In crucial areas it was in flat defiance of what Macroeconomics 101 would have recommended 3/ — PolitiTweet.org

Posted March 17, 2021

Followed By

Paul Krugman @paulkrugman

No, austerity isn't expansionary; no, there isn't a growth cliff at a debt ratio of 90 percent. Nothing in standard macro suggested either of these things should be true. All that supported them was bad statistical analysis and the political will to believe 5/ — PolitiTweet.org

Posted March 17, 2021