Paul Krugman

@paulkrugman ↗

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Last Checked Sept. 26, 2021

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Sun Aug 08 13:57:40 +0000 2021

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Paul Krugman @paulkrugman

In other words, absence of debt obsession made this recovery possible. And if we hadn't been hobbled by debt fears (and GOP sabotage), recovery from the last recession could have been quick too 5/ — PolitiTweet.org

Posted Aug. 8, 2021

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Paul Krugman @paulkrugman

In particular, big government aid kept household balance sheets in pretty good shape; aid to businesses also limited "scarring". The cost was a big increase in federal debt — which has been no problem at all 4/ — PolitiTweet.org

Posted Aug. 8, 2021

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Paul Krugman @paulkrugman

How I think of it: throughout the Obama years there was a huge gap between what the economy could have been producing and what it actually produced; adequate federal spending could have eliminated that gap 6/ https://t.co/XAgKHaT9Dh — PolitiTweet.org

Posted Aug. 8, 2021