Paul Krugman

@paulkrugman ↗

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Last Checked June 5, 2021

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Fri May 14 14:49:03 +0000 2021

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Paul Krugman @paulkrugman

Macro is full of stuff like that. Are rates determined by supply and demand for loanable funds, or by liquidity preference? Again, yes. It's a system, and the pieces fit together. It's not really that hard, but it does require a certain mindset not everyone has ... 6/ — 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

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Paul Krugman @paulkrugman

Biden likes to make decisions after listening to experts make their case, instead of reacting to something he liked on Fox News. The horror, the horror! 1/ https://t.co/OkRYow4MvT — PolitiTweet.org

Posted May 14, 2021