Paul Krugman

@paulkrugman ↗

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Last Checked Nov. 21, 2022

Created

Sun Dec 27 17:09:18 +0000 2020

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Paul Krugman @paulkrugman

In a secstag economy you actually want the government pushing up demand with deficit spending, even when there isn't a crisis. Better if that spending takes the form of public investment, but as with extended UI, that's not on the table right now 9/ — PolitiTweet.org

Posted Dec. 27, 2020 Hibernated

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Paul Krugman @paulkrugman

Wait, there's more. While I'm optimistic for the 2nd half of 2021, there's good reason to believe that the economy was suffering from persistent weakness of demand pre-pandemic. It's called secular stagnation, an idea pushed by ... Larry Summers. 8/ — PolitiTweet.org

Posted Dec. 27, 2020

Followed By

Paul Krugman @paulkrugman

So sending most people $2K checks isn't great policy, but it's not a "big mistake". And it's politically popular, so it makes sense for Dems to highlight R refusal to do it 10/ — PolitiTweet.org

Posted Dec. 27, 2020 Hibernated