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Title : Krugman Goes Afterwards Mmters, Again

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Krugman Goes Afterwards Mmters, Again

Paul Krugman 

This is good.

Paul Krugman is oftentimes terrible when it comes to economical policy but adjacent to MMTers, he appears every bit though he is a reality-based economist.

That's how bad the MMTers are.

Krugman tweets:

So ane affair I learned from the past times few days of give-and-take is that MMTers believe that budget deficits necessarily growth the coin supply. That's an interesting view, where past times "interesting" I hateful "completely wrong" 1/

— Paul Krugman (@paulkrugman) March 2, 2019

It's incorrect conceptually, bc govs tin plow over notice finance deficits past times selling bonds non printing money; together with it's incorrect empirically. Here's changes inwards U.S.A. of America debt together with monetary base of operations from 1980-1986 2/ pic.twitter.com/RUQdDduy14

— Paul Krugman (@paulkrugman) March 2, 2019

I chose that menstruum because it's the Reagan/Volcker liberate fiscal/tight coin era. Debt rose nearly $1 trillion, monetary base of operations alone $65 billion (and roughshod inwards existent terms). So this persuasion is merely wrong, together with evidently together with thence 3/

— Paul Krugman (@paulkrugman) March 2, 2019

Mainstream Keynesians bring been coddling the MMTers, basically trying to notice ways their views powerfulness brand sense. It's looking to a greater extent than together with to a greater extent than similar a losing game; their hearts may survive inwards the correct place, but their heads actually aren't 4/

— Paul Krugman (@paulkrugman) March 2, 2019

-RW

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