Paul Krugman

@paulkrugman ↗

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Last Checked April 27, 2021

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Sat Apr 04 13:47:59 +0000 2020

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Paul Krugman @paulkrugman

So even if you believe that the best system for normal times is to let markets rip and soften the impact of inequality with taxes and transfers, it makes sense to temporarily move to price controls and rationing in the face of disaster. 14/ — 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

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Paul Krugman @paulkrugman

Maybe rules against price-gouging hurt economic efficiency in the sense that they reduce the sum of consumer and producer surplus. But economics is about people; and human welfare sometimes requires looking beyond dollars and cents. 15/ — PolitiTweet.org

Posted April 4, 2020 Hibernated