Paul Krugman

@paulkrugman ↗

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Last Checked April 13, 2021

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Wed Mar 17 13:08:28 +0000 2021

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Paul Krugman @paulkrugman

Concerns about debt did loom larger in economic analysis than they should have — partly, I think, because people didn't grasp the implications of r<g, partly out of partially unconscious deference to political fashion 7/ — PolitiTweet.org

Posted March 17, 2021

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Paul Krugman @paulkrugman

So part of what's happening is simply that the Biden team is actually listening to the economic consensus, rather than grabbing dubious doctrines that fit right-wing preconceptions. But it's also true that there have been some changes in theory 6/ — PolitiTweet.org

Posted March 17, 2021

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Paul Krugman @paulkrugman

The truth is that if we'd taken our own models seriously we would have adopted an attitude much closer to Abba Lerner's functional finance 8/ https://t.co/Grfh3FrcBX — PolitiTweet.org

Posted March 17, 2021