Paul Krugman

@paulkrugman ↗

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Last Checked Sept. 2, 2021

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Thu May 28 12:04:24 +0000 2020

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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

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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

Now, total deaths that would been avoided is more than the 36,000 avoided by early May; even 40K is lowballing it. But even that means $200 billion if we use a fairly standard estimate, taking the differential effect on older people into account, of $5 million per life 5/ — PolitiTweet.org

Posted May 28, 2020 Hibernated