Paul Krugman

@paulkrugman ↗

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Last Checked Oct. 15, 2021

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Sat Aug 21 18:23:32 +0000 2021

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Paul Krugman @paulkrugman

To a first approximation, we've always been willing to do functional finance in times of war. The debt scolds only emerge when we're talking about things other than bombs and guns 5/ — PolitiTweet.org

Posted Aug. 21, 2021

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Paul Krugman @paulkrugman

The Union also paid for about 2/3 the cost of the Civil War by issuing bonds 4/ https://t.co/SjCmg4pv6x — PolitiTweet.org

Posted Aug. 21, 2021

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Paul Krugman @paulkrugman

The psychology is clear — why I joked after the financial crisis that the govt should invent a fake alien invasion, fighting which somehow required infrastructure investment, to make the debt scolds shut up — PolitiTweet.org

@paulkrugman Glad you agree with the gist Paul. All I meant about WWII is that it set the stage for Abba Lerner. Pe… https://t.co/wJ7oXNW0AS

Posted Aug. 21, 2021