Paul Krugman

@paulkrugman ↗

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Last Checked April 8, 2022

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Wed Feb 23 14:28:37 +0000 2022

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Paul Krugman @paulkrugman

For the same reason, I don't think you can use results from 2018-9 to assess the *immediate* impact of undoing the Trump tariffs. Normally consumers do pay those tariffs; but with imports constrained by supply-chain issues, not clear if they'd reap benefits of repeal 5/ — PolitiTweet.org

Posted Feb. 23, 2022

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Paul Krugman @paulkrugman

Actually, to enlarge on this: since the state of supply varies, the short-run incidence of tax changes presumably does too. I had the same implicit model of gas prices in 2008 that I do now, but it's not the summer, and that matters 4/ — PolitiTweet.org

Posted Feb. 23, 2022

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Paul Krugman @paulkrugman

Again, the point is to think things through, and not assume that the results of a given policy are always the same regardless of what's going on in the world 6/ — PolitiTweet.org

Posted Feb. 23, 2022