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Paul Krugman

@paulkrugman ↗

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Last Checked April 24, 2021

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Thu Apr 01 12:28:30 +0000 2021

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Paul Krugman @paulkrugman

But the US economy was vastly smaller then than it is now, and prices were much lower. This may have been almost 1% of a year's GDP, the equivalent of ~$200 billion today 2/ https://t.co/V8LpBUd1Io — PolitiTweet.org

Posted April 1, 2021

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Paul Krugman @paulkrugman

Having a bit of fun delving into the history of infrastructure spending. Q: how big a deal was the Erie Canal? It cost $7 million, which sounds trivial. 1/ https://t.co/NanE6cT1Zy — PolitiTweet.org

Posted April 1, 2021

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Paul Krugman @paulkrugman

And this was a state, not a national project. As a share of New York's GDP, it was probably the equivalent of a national project > $1 trillion today 3/ — PolitiTweet.org

Posted April 1, 2021