Paul Krugman

@paulkrugman ↗

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Last Checked June 4, 2021

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Fri Apr 24 14:26:16 +0000 2020

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Paul Krugman @paulkrugman

What we've done — what we have to do — is shut down high contact activities, so that no money is spent on those goods and services 3/ https://t.co/67RSpS0e1R — PolitiTweet.org

Posted April 24, 2020 Hibernated

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Paul Krugman @paulkrugman

Think of the economy as two sectors: high-contact stuff that spreads the virus and must be locked down, and other stuff. In normal times money flows freely in all directions 2/ https://t.co/8TGKqayP3K — PolitiTweet.org

Posted April 24, 2020 Hibernated

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Paul Krugman @paulkrugman

The question — as illustrated by the question marks in the figures — is whether and to what extent this spills over into a reduction in demand for low contact goods and services. This depends on policy, consumer behavior and maybe some supply-side issues 4/ — PolitiTweet.org

Posted April 24, 2020 Hibernated