Paul Krugman

@paulkrugman ↗

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Last Checked June 4, 2021

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Fri Apr 24 14:30:51 +0000 2020

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Paul Krugman @paulkrugman

On consumer behavior, the question is to what extent people respond to inability to buy some goods by buying more of others, as opposed to just saving the money. This can go either way — in fact, it's going both ways depending on what we're talking about 5/ — 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

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Paul Krugman @paulkrugman

People who can't go out to restaurants are in fact buying more groceries and booze, ordering more from Amazon, etc. However, they're buying less gasoline even though gas stations are open, fewer cars. Net effect still unclear 6/ — PolitiTweet.org

Posted April 24, 2020 Hibernated