Paul Krugman

@paulkrugman ↗

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Last Checked Oct. 22, 2020

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Sat Oct 05 11:50:53 +0000 2019

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Paul Krugman @paulkrugman

Outlays slightly declining in income, probably bc of means-tested programs; sharply declining as share of income. Receipts strongly increasing in income. So poor states like Kentucky receive gigantic net inflows, ~20 percent of state GDP 2/ — PolitiTweet.org

Posted Oct. 5, 2019 Hibernated

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Paul Krugman @paulkrugman

So I gave the lunchtime keynote yesterday at the Boston Fed conference on regional divergence. I didn't use slides; but one point I made is that the feds effectively give large aid to lagging states. Here's Federal outlays and receipts by state by state per capita income 1/ https://t.co/zO0V2d0FbV — PolitiTweet.org

Posted Oct. 5, 2019 Hibernated

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Paul Krugman @paulkrugman

This aid creates jobs too! KY has <6K coal miners, around 250K jobs in health and social assistance. Who do you think pays for that? 3/ — PolitiTweet.org

Posted Oct. 5, 2019 Hibernated