Paul Krugman

@paulkrugman ↗

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Last Checked Sept. 24, 2022

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Wed Aug 24 17:05:38 +0000 2022

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Paul Krugman @paulkrugman

There are arguments against Biden's student loan forgiveness plan — is this the best use of ~$200 billion? Is it fair to those without such debt? Also arguments for, which I'll have more to say about. But all the talk about inflation is fairly baffling, for two reasons 1/ — PolitiTweet.org

Posted Aug. 24, 2022

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Paul Krugman @paulkrugman

RT @GagnonMacro: Yes. But the real reason to read this story is the link to Sierra Hull playing an excellent and haunting rendition of Mad… — PolitiTweet.org

Posted Aug. 24, 2022 Retweet

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Paul Krugman @paulkrugman

First, the US is a very big economy. Any impact of this forgiveness on spending will be small relative to GDP. If you want to compare with the Rescue Plan, this is roughly 1/10 the size, with effects likely to be spread over multiple years. Just not big in macro terms 2/ — PolitiTweet.org

Posted Aug. 24, 2022