Paul Krugman

@paulkrugman ↗

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Last Checked Sept. 12, 2020

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Wed Aug 12 15:59:04 +0000 2020

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Paul Krugman @paulkrugman

That's why it was so important from a macro point of view to provide generous aid to the pandemic-unemployed, and why disaster looms now that the aid has vanished 5/ — PolitiTweet.org

Posted Aug. 12, 2020

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Paul Krugman @paulkrugman

Anyway: people who couldn't go to bars or take cruises could have just splurged on other things. As it turned out, however, mostly they saved — so far. 4/ https://t.co/98ufzWI52w — PolitiTweet.org

Posted Aug. 12, 2020

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Paul Krugman @paulkrugman

But in the longer run, even if we don't have a vaccine and can resume traditional activities, people will find other ways to spend their money. Here's a historical example: what happened to tobacco spending when health concerns led to much lower smoking? 6/ https://t.co/Vds5dcQbQB — PolitiTweet.org

Posted Aug. 12, 2020