Paul Krugman

@paulkrugman ↗

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Last Checked April 27, 2021

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Thu Apr 08 21:16:56 +0000 2021

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Paul Krugman @paulkrugman

My experience during the Obama years was the same as that Simon Wren-Lewis had in Britain: it was economists arguing *against* austerity, but being shouted down by the "City folk" 2/ https://t.co/siVUEoTdXZ — 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

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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Paul Krugman @paulkrugman

I guess I don't want people to think that the failure of a debt crisis to materialize somehow reflects badly on economics; on the contrary, those of us who stuck to our models got this right when the Very Serious People got it wrong 3/ — PolitiTweet.org

Posted April 8, 2021