Paul Krugman

@paulkrugman ↗

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Last Checked April 24, 2021

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Fri Apr 03 19:15:16 +0000 2020

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Paul Krugman @paulkrugman

One thing they don't mention, but I think is very serious, is the fiscal impact on state and local governments, which face balanced-budget requirements and will be forced into destructive austerity, delaying recovery, unless they get federal aid 4/ — PolitiTweet.org

Posted April 3, 2020 Hibernated

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Paul Krugman @paulkrugman

They suggest that there may be lasting negative effects, even as the pandemic fades, because of balance-sheet damage; they suggest, going beyond where I was, that there may be adverse effects on the economy's potential 3/ — PolitiTweet.org

Posted April 3, 2020 Hibernated

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Paul Krugman @paulkrugman

A self-indulgent note: Although our situation is horrible, intellectually I love the kind of thing they're doing: using the tools of economics to make sense of an unprecedented situation. 5/ — PolitiTweet.org

Posted April 3, 2020 Hibernated