Paul Krugman

@paulkrugman ↗

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Last Checked Sept. 13, 2020

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Fri Aug 14 10:53:58 +0000 2020

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Paul Krugman @paulkrugman

Business econs I talk to think there will be a deal. But why? The Trump "plan" is totally unworkable, but will probably prevent any real deal for months. Again, why aren't we panicking? 4/ — PolitiTweet.org

Posted Aug. 14, 2020

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Paul Krugman @paulkrugman

My back of the envelope says consumer spending cuts ~ 3% of GDP coming, plus S&L govt cuts of ~1% of GDP. That's a negative demand shock of 4% of GDP, probably with a substantial multiplier. This is financial-crisis level stuff 3/ — PolitiTweet.org

Posted Aug. 14, 2020

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Paul Krugman @paulkrugman

Ya think? 1/ https://t.co/EBgtjnimRL — PolitiTweet.org

Posted Aug. 14, 2020