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paulkrugman's profile
Paul Krugman
Paul Krugman
Paul Krugman
Verified account
@paulkrugman

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Paul KrugmanVerified account

@paulkrugman

Nobel laureate. Op-Ed columnist, @nytopinion. Author, “The Return of Depression Economics,” “The Great Unraveling,” "Arguing With Zombies," + more.

New York City
nytimes.com/column/paul-kr…
Joined October 2008

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    Paul Krugman‏Verified account @paulkrugman 5 Oct 2019

    Paul Krugman Retweeted Joe Weisenthal

    DEBT IS MONEY WE OWE TO OURSELVES DEBT IS MONEY WE OWE TO OURSELVES DEBT IS MONEY WE OWE TO OURSELVES DEBT IS MONEY .... It only make us poorer in aggregate if it crowds out investment — which is isn't doinghttps://twitter.com/TheStalwart/status/1180228409823318018 …

    Paul Krugman added,

    Joe Weisenthal @TheStalwart
    Not to pick on this individual. But this logic -- that job growth is only robust because now because we're imposing a national debt burden on our children -- presupposes that children would be better off with unemployed parents today. That seems crazy to me. https://twitter.com/Holo_Thunder/status/1180227111694393344 …
    5:19 AM - 5 Oct 2019
    • 484 Retweets
    • 2,068 Likes
    • SlyOps Israel Patricio Bobmarleyno1 Marcus Luke Radtke João Ribeiro Anmol Narula Juan Vazquez-Montejo Josh Smith
    979 replies 484 retweets 2,068 likes
      1. New conversation
      2. no‏ @WideLightImages 5 Oct 2019
        Replying to @paulkrugman

        man it doesn't matter how much you scream it from the rooftops, people will never get it

        4 replies 0 retweets 4 likes
      3. Peter R. Quiñones  🎙 ⚖  👑‏ @PeterRQuinones 5 Oct 2019
        Replying to @WideLightImages @paulkrugman

        There are those of us who don't believe lies. Sorry that you are a dupe.

        3 replies 0 retweets 28 likes
      4. Show replies
      1. This Tweet is unavailable.
      2. Fiat Money‏ @fiat_money 5 Oct 2019
        Replying to @sleevesrolled @paulkrugman

        1. Gov interest spend is private sector *income* just like Social Security checks. 2. Gov sets its own interest rate and can set it near zero. See Japan. 3. Interest spend is done like any other: with a keyboard. Last year 90 *Trillion* in Treasuries came due😱, zero issues.😴pic.twitter.com/ydb5gl0bof

        0 replies 2 retweets 2 likes
      3. End of conversation
      1. Thomas "You Can Call Me Tom"‏ @thomasabarry1 5 Oct 2019
        Replying to @paulkrugman

        Well, there's also inequality concerns, right? If "we" owe money to "ourselves" but "ourselves" are largely very wealthy people, does that transfer ownership more towards the wealthy? Of course, if the debt is used to finance the right things, then it's just working as intended.

        0 replies 0 retweets 1 like
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      1. New conversation
      2. Steve Joffe‏ @SteveJoffe 5 Oct 2019
        Replying to @paulkrugman

        So am I right in understanding that our debt is simultaneously our asset (genuine, not snarky, question)?

        5 replies 0 retweets 5 likes
      3. This Tweet is unavailable.
      4. Show replies
      1. New conversation
      2. No Go‏ @WestCoastRoadSh 5 Oct 2019
        Replying to @paulkrugman

        Debt is money we are stealing from the rest of the world so we can live an overconsumptive lifestyle

        2 replies 0 retweets 2 likes
      3. Fiat Money‏ @fiat_money 5 Oct 2019
        Replying to @WestCoastRoadSh @paulkrugman

        We are stealing dollars from other nations? 🤔

        3 replies 0 retweets 1 like
      4. Show replies
      1. New conversation
      2. Playboy Playboy‏ @JohnQueutard 5 Oct 2019
        Replying to @paulkrugman

        More accurately, debt is money we owe to the rich among ourselves. I don't own a portfolio of US Treasury bonds.

        6 replies 2 retweets 94 likes
      3. Sniffles The Clown (Reign of Error)‏ @SenatorChrisSly 5 Oct 2019
        Replying to @JohnQueutard @paulkrugman

        The Chinese are huge Treasury holders. Sooo...

        0 replies 0 retweets 8 likes
      4. End of conversation

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