Paul Krugman

@paulkrugman ↗

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Last Checked April 16, 2021

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Wed Mar 25 19:57:19 +0000 2020

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Paul Krugman @paulkrugman

The Act was introduced during the Korean War, but it reflected the experience of World War II, when business was *not* fully cooperative. For example, in the period before Pearl Harbor, the auto industry resisted calls to convert to military production 2/ https://t.co/mOWJ5uE4Lo — PolitiTweet.org

Posted March 25, 2020 Hibernated

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Paul Krugman @paulkrugman

I've been doing some research on the history of the Defense Production Act, which Trump is refusing to use — basically telling us to rely on the kindness of corporations. What you need to know is that this has never worked 1/ — PolitiTweet.org

Posted March 25, 2020 Hibernated

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Paul Krugman @paulkrugman

True, America wasn't formally at war — but it was serving as the "arsenal of democracy," and was already engaging in massive mobilization. Yet the auto companies wanted to keep making personal cars 3/ — PolitiTweet.org

Posted March 25, 2020 Hibernated