Paul Krugman

@paulkrugman ↗

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Last Checked April 20, 2021

Created

Tue Mar 31 12:30:21 +0000 2020

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Paul Krugman @paulkrugman

You might ask, how do we pay for this massive disaster relief? The immediate answer is borrowing. But where will the borrowed funds come from? The answer, mainly, is the E sector. And why will that sector provide funds? Because it has drastically cut spending 6/ — 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

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Paul Krugman @paulkrugman

After all, it's not buying (not allowed to buy) N products; most of that foregone consumption will probably be reflected in saving, rather than increased purchases of still-available goods. Savings rates of still-employed households are surely soaring 7/ — PolitiTweet.org

Posted March 31, 2020 Hibernated