Paul Krugman

@paulkrugman ↗

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Last Checked Jan. 20, 2021

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Tue Dec 29 12:55:47 +0000 2020

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Paul Krugman @paulkrugman

But is there a fixed amount to spend? No binding budget constraint for the feds, so this is all about politics. And my sense is that broad issuance of checks is actually kind of a loss leader, helping to sell a package that includes UI 5/ — PolitiTweet.org

Posted Dec. 29, 2020

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Paul Krugman @paulkrugman

So if you have a fixed amount to spend, unemployment benefits and maybe small-business aid should be priorities, not checks that will in many cases go to people who are doing OK 4/ — PolitiTweet.org

Posted Dec. 29, 2020

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Paul Krugman @paulkrugman

In a way, the very obtuseness of some politicians makes the case here. I keep seeing assertions from progressives that the US Covid response was stingy — completely overlooking the fact that the unemployed got $2400 a month in supplemental aid 6/ — PolitiTweet.org

Posted Dec. 29, 2020