Paul Krugman

@paulkrugman ↗

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Last Checked Feb. 23, 2022

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Wed Jan 26 13:10:41 +0000 2022

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Paul Krugman @paulkrugman

Still, it's a big world out there. $1.5 trillion is about 7% of US GDP, and many of the losses falling on residents of other countries 3/ — PolitiTweet.org

Posted Jan. 26, 2022

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Paul Krugman @paulkrugman

First: crypto faithful comparing this to "crypto winter" of 2017-18, which was comparable in percentage terms. But bc crypto so much bigger now, so is size of capital loss — around $1.5 trillion v $500 billion 2/ https://t.co/Z4RYXUUxBc — PolitiTweet.org

Posted Jan. 26, 2022

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Paul Krugman @paulkrugman

For comparison, post-2006 housing bust wiped out wealth = ~60 percent of US GDP 4/ https://t.co/2lYIqfPSt9 — PolitiTweet.org

Posted Jan. 26, 2022