Paul Krugman

@paulkrugman ↗

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Last Checked April 24, 2021

Created

Fri Apr 03 12:18:00 +0000 2020

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Paul Krugman @paulkrugman

Justin Wolfers thinks it's 13 percent already. 2/ https://t.co/1mj4yLqytz — PolitiTweet.org

Posted April 3, 2020 Hibernated

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Paul Krugman @paulkrugman

Agree with this: balance sheet damage will hinder recovery even when the virus subsides. But 20% unemployment in 6 months sounds wildly optimistic: we may well be there in *two weeks* 1/ — PolitiTweet.org

"If we allow the jobless rate to soar to 20% in 6 months, the notion that it will retrace back to 3.5%, amid safe c… https://t.co/Oahm4JomrO

Posted April 3, 2020 Hibernated

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Paul Krugman @paulkrugman

And it won't just be damaged firm balance sheets. Also forced fiscal austerity by state and local govts 3/ https://t.co/pG1U3DOC74 — PolitiTweet.org

State and local spending cuts played a huge role in delaying recovery from the Great Recession. I worry that the sa… https://t.co/TvZMATeFyP

Posted April 3, 2020 Hibernated