Tweet by @paulkrugman

Paul Krugman @paulkrugman

This is a very good, sober discussion of what we should be doing on economic relief. Fwiw, I'd go with "bottom up"; I don't think conventional output gap/multiplier analysis is a good fit to a pandemic-depressed economy 1/ https://t.co/p53dANW23P — PolitiTweet.org

How should we think about the ideal size of fiscal stimulus right now? A thread with two approaches: (1) top down (… https://t.co/FHTKyJk6EW

Posted Oct. 9, 2020 Hibernated

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Paul Krugman @paulkrugman

If Trump were a third-world dictator, we might try to ease him out by offering refuge in a villa on the French Riviera in return for leaving town peacefully. Unfortunately, that's not an option; so expect extreme and dangerous behavior 4/ — PolitiTweet.org

Posted Oct. 9, 2020 Hibernated

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Paul Krugman @paulkrugman

What's clear, however, is that the prudent thing right now is to spend a lot of money — hundreds of billions a month — supporting workers, businesses, and state/local governments. NOT spending that money is deeply irresponsible 2/ — PolitiTweet.org

Posted Oct. 9, 2020