Paul Krugman

@paulkrugman ↗

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Last Checked July 9, 2021

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Sun May 10 14:00:02 +0000 2020

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Paul Krugman @paulkrugman

Past 6 recessions show two very different kinds of recovery — rapid surges after pre-1990, extended "jobless recovery" in later cycles 6/ https://t.co/STOwvGItEC — PolitiTweet.org

Posted May 10, 2020 Hibernated

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Paul Krugman @paulkrugman

Reasonably certain that we will have something like a Nike swoosh — recovery much slower than initial descent, but q is how fast. 5/ — PolitiTweet.org

Posted May 10, 2020 Hibernated

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Paul Krugman @paulkrugman

I think we understand the difference. Slumps like 1979-82 brought on by the Fed raising rates to squeeze down inflation; as soon as it relented demand sprang back. Later slumps were Minsky moments, when the private sector realized it had overreached. Much harder to restart 7/ — PolitiTweet.org

Posted May 10, 2020 Hibernated