Paul Krugman

@paulkrugman ↗

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Last Checked Oct. 15, 2022

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Sat Sep 24 12:28:06 +0000 2022

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Paul Krugman @paulkrugman

Just an aside: I can't be the only one who noticed the parallel between the declaration that a budget wasn't a budget, just a "fiscal event", and Putin's insistence that his war isn't a war, just a "special military operation". No moral equivalence, of course. But wow 2/ — PolitiTweet.org

Posted Sept. 24, 2022

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Paul Krugman @paulkrugman

Thinking more about reactions to the Truss/Kwarteng not-a-budget released Friday. While I yield to nobody in my disdain for their embrace of zombie economics, I'm puzzled by all the talk about a looming sterling crisis 1/ — PolitiTweet.org

Posted Sept. 24, 2022

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Paul Krugman @paulkrugman

But back to sterling. I'm supposed to know something about currency crises — I did invent the academic field! And as far as I know there are two ways a country with a floating exchange rate can have a currency crisis, neither of which seems to apply to the UK 3/ — PolitiTweet.org

Posted Sept. 24, 2022