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Paul Krugman

@paulkrugman ↗

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Last Checked Oct. 13, 2021

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Sat Aug 21 18:18:14 +0000 2021

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Paul Krugman @paulkrugman

Certainly it wasn't the first time Britain went there. WWI was also paid for with a massive increase in debt — and so, a bit more slowly, were the Napoleonic Wars! 2/ — PolitiTweet.org

Posted Aug. 21, 2021

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Paul Krugman @paulkrugman

Tooze is really good on this — the problem with the War on Terror is NOT that it added to the national debt — but a little off-base, I think, in suggesting that WWII marked a sharp break with previous fiscal orthodoxy 1/ — PolitiTweet.org

Adam Tooze @adam_tooze

Chartbook #34 How we paid for the War on Terror, by @adam_tooze Gotta say I really care about this one. Crucial li… https://t.co/6zma0cOcvJ

Posted Aug. 21, 2021

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Paul Krugman @paulkrugman

Chart. I'm familiar with this stuff bc of all the people back circa 2010 saying that Keynes would have had different views if Britain had been deeply in debt — which, in fact, it was when he wrote 3/ https://t.co/9wZZTOnofd — PolitiTweet.org

Posted Aug. 21, 2021