Paul Krugman

@paulkrugman ↗

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Last Checked April 16, 2021

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Tue Mar 31 12:17:59 +0000 2020

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Paul Krugman @paulkrugman

It seems to me that a lot of the economic discussion of Covid impacts and policy response is still using the wrong metaphors and models. For example, we keep hearing about "stimulus" bills when that's not mostly what they are. So, some thoughts 1/ — PolitiTweet.org

Posted March 31, 2020 Hibernated

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Paul Krugman @paulkrugman

Or to put it another way, the WH economics team is to economics as Richard Epstein is to epidemiology 3/ https://t.co/x6rBfY0aFq — PolitiTweet.org

Posted March 31, 2020 Hibernated

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Paul Krugman @paulkrugman

My stylized model of the economy right now looks like this: there are two sectors, essential (E) and nonessential (N). What's mainly happening is that we are — rightly — shutting down N to limit social interaction and flatten the curve. 2/ — PolitiTweet.org

Posted March 31, 2020 Hibernated