Paul Krugman

@paulkrugman ↗

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Last Checked July 9, 2021

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Wed May 13 13:04:11 +0000 2020

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Paul Krugman @paulkrugman

The question now becomes how fast we can recover, which is what I'm mainly working on now. What I argued yesterday was that the main thing constraining recovery won't be debt overhangs and the other things that hurt after 2009, but epidemiology 3/ https://t.co/4LxtfRQW1T — PolitiTweet.org

Posted May 13, 2020 Hibernated

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Paul Krugman @paulkrugman

What this says is that the feared second-round effects — slumping demand bc of loss of incomes, financial crisis — have been contained thanks to things like expanded unemployment benefits and massive Fed intervention 2/ — PolitiTweet.org

Posted May 13, 2020 Hibernated

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Paul Krugman @paulkrugman

That said, remember that expanded benefits expire July 31, state and local governments are in desperate straits, and while US markets have been stabilized, emerging markets and the euro area are still very much at risk 4/ — PolitiTweet.org

Posted May 13, 2020 Hibernated