Paul Krugman

@paulkrugman ↗

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Last Checked April 16, 2021

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Tue Mar 31 12:26:55 +0000 2020

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Paul Krugman @paulkrugman

In particular, how are laid-off workers in the N sector supposed to keep buying essentials? They need aid — and when you consider how much of the economy is being shut down that aid has to be on a massive scale. $2 trillion isn't nearly enough 4/ — 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

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Paul Krugman @paulkrugman

So this is basically disaster relief, not stimulus, although there is a stimulus element. After all, without aid those unemployed N workers will cut purchases of E products, leading to a second round of job losses, which we also want to prevent 5/ — PolitiTweet.org

Posted March 31, 2020 Hibernated