Paul Krugman

@paulkrugman ↗

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Last Checked April 16, 2021

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Tue Mar 31 12:21:13 +0000 2020

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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

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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

This isn't a conventional recession; it's more like a medically induced coma, where you temporarily shut down much of the brain's activity to give it a chance to heal. But doing this requires that we provide life support 3/ — PolitiTweet.org

Posted March 31, 2020 Hibernated