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Paul Krugman

@paulkrugman ↗

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Last Checked April 27, 2021

Created

Thu Apr 08 16:51:51 +0000 2021

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837

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123

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Paul Krugman @paulkrugman

Remember, debt panic and demands for austerity weren't coming from economists; they certainly weren't grounded in economic models 2/ — PolitiTweet.org

Posted April 8, 2021

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Paul Krugman @paulkrugman

Mostly this seems right, but "not listening to Larry Summers" is not the same as "not listening to economists." The really big difference with Biden is the reduced influence of Wall Street and the Very Serious People 1/ https://t.co/dPy0UAXWfd — PolitiTweet.org

Posted April 8, 2021

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Paul Krugman @paulkrugman

Fair enough, and I was excessively snarky. But a pet peeve of mine is that the debt alarmist/austerity orthodoxy did NOT come from economic analysis. It was more of a Wall Street gut feeling. What's striking now is more the absence of that influence 1/ — PolitiTweet.org

Ezra Klein @ezraklein

Always hate to disagree with Paul, but I'm not using Larry Summers as a stand-in for all economists here! Economi… https://t.co/iuk4BgT6Om

Posted April 8, 2021

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