Paul Krugman

Paul Krugman @paulkrugman

What all this reminds me of is the period around 2009-10 when every uptick in long-term interest rates was attributed to fears about excessive debt — an attribution often stated as fact, not even a hypothesis — without a shred of evidence 5/ — PolitiTweet.org

Paul Krugman @paulkrugman

Back then unsupported claims of a debt crisis were used to promote fiscal austerity. Now unsupported claims of lost Fed credibility are being used to promote monetary austerity. So it's important to recognize when a narrative has no evidence behind it 7/ — PolitiTweet.org