Paul Krugman

@paulkrugman ↗

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Last Checked Sept. 23, 2021

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Sun Aug 08 13:54:22 +0000 2021

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Paul Krugman @paulkrugman

But while the peculiar nature of the recession made a V-shaped recovery relatively easy to achieve once the virus was under control (and if DeSantis etc don't bring it back in full), govt policy also contributed 3/ — PolitiTweet.org

Posted Aug. 8, 2021

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Paul Krugman @paulkrugman

A lot of people were expecting another sluggish recovery like post-2008, although some of us did see this coming (this is from last May) 2/ https://t.co/AOCM6y1xAt — PolitiTweet.org

Posted Aug. 8, 2021

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Paul Krugman @paulkrugman

In particular, big government aid kept household balance sheets in pretty good shape; aid to businesses also limited "scarring". The cost was a big increase in federal debt — which has been no problem at all 4/ — PolitiTweet.org

Posted Aug. 8, 2021