Paul Krugman

@paulkrugman ↗

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Last Checked Sept. 2, 2021

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Thu May 28 12:01:19 +0000 2020

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Paul Krugman @paulkrugman

I'll add a back-of-the-envelope answer to a related but somewhat different question: what would the payoff have been to moving more quickly? Columbia researchers estimate that locking down a week earlier would have saved 36,000 lives by May 3 3/ https://t.co/TnL22I3xaz — PolitiTweet.org

Posted May 28, 2020 Hibernated

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Paul Krugman @paulkrugman

But there have been a couple of studies estimating the payoff of social distancing relative to letting the virus rip. They conclude that the cost in GDP so far has been well worth it 2/ https://t.co/tm7MkQwMxQ https://t.co/TncKhTfzpz — PolitiTweet.org

Posted May 28, 2020 Hibernated

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Paul Krugman @paulkrugman

Meanwhile, we have a pretty good estimate of the effect of lockdown on GDP: around -10% (NOT 40% — that's an annualized growth rate). That's approximately $40 billion per week 4/ https://t.co/4cV5B7tbzU — PolitiTweet.org

Posted May 28, 2020 Hibernated