Paul Krugman

@paulkrugman ↗

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Last Checked April 27, 2021

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Sat Apr 04 13:46:42 +0000 2020

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Paul Krugman @paulkrugman

Compare this with a regime in which disasters are followed by temporary price controls and rationing of essentials based on need. If you had to decide between these regimes ex ante, behind the veil of ignorance, which would you choose? 12/ — PolitiTweet.org

Posted April 4, 2020 Hibernated

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Paul Krugman @paulkrugman

Answer: if disasters are followed by a free-for-all, with very high prices for essentials, the stakes of inequality become much higher. Those who can’t afford high prices face extreme privation, even death, while those with sufficient wealth face no more than inconvenience. 11/ — PolitiTweet.org

Posted April 4, 2020 Hibernated

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Paul Krugman @paulkrugman

The answer, it seems clear, is that you’d choose rules of the game in which profiteering and price-gouging in the aftermath of disaster are prohibited. You really don’t want a society in which low income means death in times of disaster. 13/ — PolitiTweet.org

Posted April 4, 2020 Hibernated