Paul Krugman

@paulkrugman ↗

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Last Checked Sept. 16, 2020

Created

Sun Aug 25 13:39:48 +0000 2019

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Paul Krugman @paulkrugman

Case in point: Britain in the 1950s had high tariffs (>25 percent) https://t.co/Tb59kS4U9K but low unemployment 4/ https://t.co/HogL7pauHu — PolitiTweet.org

Posted Aug. 25, 2019 Hibernated

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Paul Krugman @paulkrugman

The point is that while a stable protectionist regime makes an economy inefficient, it doesn't necessarily make it depressed. Fewer jobs in export industries, but more jobs in import-competing industries 3/ — PolitiTweet.org

Posted Aug. 25, 2019 Hibernated

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Paul Krugman @paulkrugman

What depresses demand and employment is *uncertainty*. Businesses that depend on imports and/or foreign markets don't want to invest bc Trump might expand trade war' businesses that compete with imports don't invest bc he might not. 5/ — PolitiTweet.org

Posted Aug. 25, 2019 Hibernated