Paul Krugman

@paulkrugman ↗

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Last Checked June 5, 2021

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Wed May 19 19:25:35 +0000 2021

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Paul Krugman @paulkrugman

A more accurate read would be to say that the banking system, including the Fed, has been acting as an intermediary for people looking for safety in uncertain times. This shows up as a rise in monetary aggregates, but it's not "printing money" 2/ — PolitiTweet.org

Posted May 19, 2021

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Paul Krugman @paulkrugman

Talking with financial industry people, I'm getting a lot of angst about the surge in the money supply — and I thought it might be helpful to talk about what's really happening. No, the Fed isn't wildly printing dollars to pay the government's bills 1/ — PolitiTweet.org

Posted May 19, 2021

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Paul Krugman @paulkrugman

The details are complicated as always, but roughly speaking, what has happened since the start of the pandemic is that nervous households parked around $2 trillion in banks; cautious banks parked that money at the Fed; ... 3/ — PolitiTweet.org

Posted May 19, 2021