Paul Krugman

@paulkrugman ↗

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Last Checked Oct. 2, 2020

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Sun Sep 15 20:46:03 +0000 2019

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Paul Krugman @paulkrugman

What about the US? We've also had a lot of fiscal stimulus from the Trump tax cut. Here's CBO's estimate of the cyclically adjusted budget balance, one widely used measure of stimulus 3/ https://t.co/jFDLHjRDQm — PolitiTweet.org

Posted Sept. 15, 2019 Hibernated

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Paul Krugman @paulkrugman

However, the Chinese are offsetting the drag from the trade war with fiscal stimulus and other measures 2/ https://t.co/aBWTS7HwOB — PolitiTweet.org

Trump thinks he has China on the ropes. But "the entire contractionary shock from the trade wars up to August 2019… https://t.co/I4ZgzlfNuf

Posted Sept. 15, 2019 Hibernated

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Paul Krugman @paulkrugman

But the shape of the policies is different. China's stimulus is about half infrastructure spending, the other half cuts in taxes like VAT that affect ordinary families. So it's probably pretty effective stimulus 4/ — PolitiTweet.org

Posted Sept. 15, 2019 Hibernated