Paul Krugman

@paulkrugman ↗

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Last Checked June 5, 2021

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Fri May 14 14:44:48 +0000 2021

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Paul Krugman @paulkrugman

Interest rates must be consistent with a sustainable macro environment. But they must also match supply and demand for bonds. These sound like contradictory concerns, but they're really just different aspects of the same thing 4/ — PolitiTweet.org

Posted May 14, 2021

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Paul Krugman @paulkrugman

Is it macroeconomics — the "neutral" rate needed to maintain full employment without overheating? Or is it supply and demand in the bond market? The answer is ... yes 3/ — PolitiTweet.org

Posted May 14, 2021

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Paul Krugman @paulkrugman

Suppose, for example, that the world decided it wanted more US bonds. Interest rates would presumably go down. But wouldn't that lead to overheating? No, it would strengthen the dollar, swelling the trade deficit, and hence reducing the demand for US goods and services 5/ — PolitiTweet.org

Posted May 14, 2021