Paul Krugman

@paulkrugman ↗

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Last Checked Feb. 7, 2021

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Sat Feb 06 20:08:29 +0000 2021

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Paul Krugman @paulkrugman

Now, wartime spending isn't about stimulus, but is nonetheless stimulative, and overheating can be a real concern. But the Fed can contain inflation; and in any case the less-essential parts of the plan probably have low multipliers 5/ — PolitiTweet.org

Posted Feb. 6, 2021

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Paul Krugman @paulkrugman

Mostly the plan is about directly fighting the pandemic, reopening schools, avoiding cuts in vital services, and helping families in dire need. Ideally we might achieve these goals at somewhat less cost, but speed and simplicity are more important than perfection 4/ — PolitiTweet.org

Posted Feb. 6, 2021

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Paul Krugman @paulkrugman

In particular, most of those "stimulus checks" will probably be saved, and aside from the fact that state/local aid is largely a way to head off fiscal contraction, any excess will probably be banked. 6/ — PolitiTweet.org

Posted Feb. 6, 2021