Paul Krugman

@paulkrugman ↗

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Last Checked April 13, 2021

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Wed Mar 17 12:58:17 +0000 2021

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Paul Krugman @paulkrugman

The ARPA definitely marks a big break with the austerity/debt obsession that crippled recovery after the 2008 crisis. That's a very big deal. And even the debate over the bill was very different from what went before 2/ — PolitiTweet.org

Posted March 17, 2021

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Paul Krugman @paulkrugman

There's been a fair bit of Econotwittering about this J.W. Mason post on the American Rescue Plan and what it says about economic theory. I agree with a lot although not all of it, and in any case think some might be interested in my take 1/ https://t.co/vWUuTumLLE — PolitiTweet.org

Posted March 17, 2021

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Paul Krugman @paulkrugman

One thing people should realize, however, is that policy orthodoxy in, say, 2011 did NOT reflect macroeconomic orthodoxy in the sense of what the standard models said. In crucial areas it was in flat defiance of what Macroeconomics 101 would have recommended 3/ — PolitiTweet.org

Posted March 17, 2021