Paul Krugman

@paulkrugman ↗

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Last Checked April 24, 2021

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Thu Apr 01 12:29:39 +0000 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

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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

Oh, and it was entirely bond-financed; no pay-fors except the prospect of future tolls 4/ — PolitiTweet.org

Posted April 1, 2021