Paul Krugman

@paulkrugman ↗

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Last Checked Sept. 24, 2021

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Sun Aug 08 13:55:55 +0000 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

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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

In other words, absence of debt obsession made this recovery possible. And if we hadn't been hobbled by debt fears (and GOP sabotage), recovery from the last recession could have been quick too 5/ — PolitiTweet.org

Posted Aug. 8, 2021