Paul Krugman

@paulkrugman ↗

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Last Checked June 4, 2021

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Fri Apr 24 14:33:39 +0000 2020

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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

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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

On the supply side, the toilet paper effect turns out to be more widespread than you might have thought. You might think doing your business at home instead of the office requires no more than a simple reallocation, but it turns out that commercial buyers use different paper 7/ — PolitiTweet.org

Posted April 24, 2020 Hibernated