Paul Krugman

@paulkrugman ↗

Deleted No

Hibernated No

Last Checked Dec. 10, 2021

Created

Tue Oct 26 19:08:16 +0000 2021

Likes

116

Retweets

Source

Twitter Web App

View Raw Data

JSON Data

View on Twitter

Likely Available

Paul Krugman @paulkrugman

Obviously monetary base (M0) grew enormously, M2 some but not much, GDP even less. So as a matter of arithmetic velocity of either M0 or M2 fell. But why? Because M0 was in a fundamental sense disconnected from GDP 3/ — PolitiTweet.org

Posted Oct. 26, 2021

Preceded By

Paul Krugman @paulkrugman

Start with what happened in the first few years of the financial crisis and aftermath. Here's the monetary base, which is what the Fed controls directly, one measure of the money supply, and nominal GDP 2/ https://t.co/6FUon6sHJG — PolitiTweet.org

Posted Oct. 26, 2021

Followed By

Paul Krugman @paulkrugman

Normally an open market operation, in which the Fed increases the monetary base by buying Treasuries, has major effects because M0 is the medium of exchange, which means that people hold it despite a zero interest rate for the sake of liquidity 4/ — PolitiTweet.org

Posted Oct. 26, 2021