Paul Krugman

@paulkrugman ↗

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Last Checked Jan. 13, 2021

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Fri Jan 24 17:48:59 +0000 2020

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Paul Krugman @paulkrugman

Now, $300 billion at an annual rate is a lot of money. It's almost as big as the annualized rise in the deficit associated with the Obama stimulus at its peak — but taking place in an economy with low unemployment 8/ https://t.co/Jep8ZaDA1u — PolitiTweet.org

Posted Jan. 24, 2020 Hibernated

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Paul Krugman @paulkrugman

Here's what that comparison looks like. Revenue is about $220 billion less than expected, spending about $70 billion higher, so the overall deficit has gone up almost $300 billion relative to expectations 7/ https://t.co/splWT5114L — PolitiTweet.org

Posted Jan. 24, 2020 Hibernated

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Paul Krugman @paulkrugman

And for those wondering why the economy is still chugging along, that's why. Trumpism in practice is very Keynesian. It's a highly inefficient stimulus, with not much bang for the buck (multiplier about 0.7, for the nerds). But it is stimulus. 9/ — PolitiTweet.org

Posted Jan. 24, 2020 Hibernated