Paul Krugman

@paulkrugman ↗

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Last Checked July 9, 2021

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Tue Jun 29 11:27:09 +0000 2021

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Paul Krugman @paulkrugman

Nice essay via FTAlphaville. Bitcoin has clearly failed in its mission to become money, but its value is sustained because it has become a sort of natural Ponzi scheme https://t.co/dSigdGcWCA — PolitiTweet.org

Posted June 29, 2021

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Paul Krugman @paulkrugman

So far, inflation is following the core-v-transitory script: surges in things like lumber are already fading, not much sign of a surge in underlying inflation 2/ — PolitiTweet.org

Posted June 29, 2021

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Paul Krugman @paulkrugman

This appears to be true. However, the real interest rate on pixie dust is -0.8 percent, so it's perfectly OK — PolitiTweet.org

Tax Policy Center's Howard Gleckman writes the bipartisan infrastructure plan is largely paid for with "pixie dust" https://t.co/gPLwTStaS3

Posted June 29, 2021