Paul Krugman

@paulkrugman ↗

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Last Checked April 3, 2023

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Mon Mar 13 12:43:38 +0000 2023

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Paul Krugman @paulkrugman

Of course I’m boarding a long flight just as this stuff breaks. Will weigh in when I’ve arrived. But on moral hazard: I don’t think expectations of a bailout created this mess. The depositors weren’t that smart — PolitiTweet.org

Posted March 13, 2023

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Paul Krugman @paulkrugman

I think that the risk from it turning out to be systemic after all just trumped the argument that it probably wasn’t. — PolitiTweet.org

Is it fair to say that Yellen and Powell clearly disagreed with this? What exactly were they seeing over the weeken… https://t.co/6D86IiHuiy

Posted March 13, 2023

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Paul Krugman @paulkrugman

I mean, if you’re totally into crypto, how likely that you’re carefully thinking through the logic of deposit insurance? You haven’t even figured out what money is! — PolitiTweet.org

Posted March 13, 2023