Paul Krugman

@paulkrugman ↗

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Last Checked Oct. 14, 2022

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Fri Sep 23 13:20:12 +0000 2022

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Paul Krugman @paulkrugman

What's really amazing is that surging interest rates have been accompanied by a *plunge* in the pound. This is not supposed to happen in advanced countries: we expect deficit spending to drive up interest rates and make the currency *rise*, which is what happened under Reagan — PolitiTweet.org

Posted Sept. 23, 2022

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Paul Krugman @paulkrugman

Nobody expects the Spanish Inquisition — or the zombie economic apocalypse. The Truss government believes in the miraculous power of tax cuts? Really? At this late date? https://t.co/qq4EdXNK9H — PolitiTweet.org

Posted Sept. 23, 2022

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Paul Krugman @paulkrugman

But Britain is now trading like a developing country, where perceived fiscal irresponsibility is undermining confidence in the value of its currency. It's actually kind of awesome — PolitiTweet.org

Posted Sept. 23, 2022