Paul Krugman

Paul Krugman @paulkrugman

Hungary has used Covid-19 as an excuse to suspend even the pretense of democracy, and is using its emergency powers to pursue ... a really bad economic program https://t.co/y1ctCvsz0a — PolitiTweet.org

Paul Krugman @paulkrugman

But anti-government ideology is getting in the way 3/ https://t.co/OWuklprpWb — PolitiTweet.org

Paul Krugman @paulkrugman

This likely means that we'll suffer a conventional, deficient-demand recession on top of the job losses from the induced coma in high-contact sectors. The way to avoid this would be adequate aid to afflicted workers, govts, etc 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

Once we have numbers, we'll probably see a surge in private saving during the lockdown — money not spent on restaurants etc not being spent on other things either. Early indicator may be surge in bank deposits 1/ https://t.co/IJ5rjp9Q9r — PolitiTweet.org

Paul Krugman @paulkrugman

RT @nytimes: With limited, constantly shifting information, the W.H.O. showed an early, consistent determination to treat the new contagion… — PolitiTweet.org

Paul Krugman @paulkrugman

RT @nytopinion: “In trying to make government small enough to ‘drag it into the bathroom and drown it in the bathtub,’” writes @jbouie, “co… — PolitiTweet.org

Paul Krugman @paulkrugman

Why we're not responding adequately to the worst disaster since the Great Depression https://t.co/eshmhD2kAc — PolitiTweet.org

Paul Krugman @paulkrugman

RT @stone_lis: In this commentary — @MilesCorak, @JanetGornick, @paulkrugman, @LeslieMcCallgc, @BrankoMilan and @MorelliSal — each with un… — PolitiTweet.org

Paul Krugman @paulkrugman

My colleagues at the Stone Center and I have some thoughts on the Covid crisis https://t.co/1BsaMJom6c — PolitiTweet.org

Paul Krugman @paulkrugman

This means that if, as many expect, unemployment goes to ~20 percent we will in fact more or less match peak unemployment in the 1930s 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

Small statistical gripe with some reporting. I've been seeing charts comparing unemployment with the Great Depression, but using old estimates that counted WPA and CCC workers as unemployed (!). Modern re-estimates (Weir 1992) look like this 1/ https://t.co/FBXz6zzyYL — PolitiTweet.org

Paul Krugman @paulkrugman

Trump's attempt to prop up oil prices was front-page news a few days ago. So I'm surprised at how little attention is being given to the fact that it has been a complete bust https://t.co/uizM31RVWp — PolitiTweet.org

Paul Krugman @paulkrugman

RT @ObsoleteDogma: National Review on April 6th: "Sweden, which has done almost no mandated social distancing, will probably prove” that we… — PolitiTweet.org

Paul Krugman @paulkrugman

But what about "deaths of despair"? Those do indeed reflect loss of economic opportunity — but over the long term, and associated with rising inequality and loss of social status. There is no reason to believe that reopening the economy in the face of pandemic will save lives 4/ — PolitiTweet.org

Paul Krugman @paulkrugman

Mortality actually fell during the Great Depression! 3/ https://t.co/PoRfcRzkkV — PolitiTweet.org

Paul Krugman @paulkrugman

The Great Recession didn't cause a spike in mortality (OECD data) 2/ https://t.co/tYuFwVNKkz — PolitiTweet.org

Paul Krugman @paulkrugman

Since it's now a right-wing talking point that a weak economy may kill more people than the virus, question: have we actually seen that in past slumps? No. 1/ https://t.co/WIkAihfm21 — PolitiTweet.org

Paul Krugman @paulkrugman

Meanwhile, in Europe: "Jean-Paul Fitoussi, of Science Po in Paris, says the package amounts to “collective suicide” in the face of a colossal economic shock that demands a complete shift of gears. " https://t.co/AmMAGn3o5A — PolitiTweet.org

Paul Krugman @paulkrugman

Donald Trump's name will appear on checks that might slightly mitigate the Donald Trump depression caused by the Donald Trump pandemic. We're supposed to put his name on everything, right? https://t.co/y9ZvXuRS9F — PolitiTweet.org

Paul Krugman @paulkrugman

So, about that big oil deal Trump was, er , trumpeting: it's worked about as well as his other big diplomatic initiatives (anyone remember North Korea?) https://t.co/havW4dr8y8 — PolitiTweet.org

Paul Krugman @paulkrugman

RT @nytopinion: "As far as I can tell epidemiologists are united in the belief that it’s far too soon to be considering any relaxation of s… — PolitiTweet.org

Paul Krugman @paulkrugman

No aid for the post office, hospitals, or local governments puts 25 million jobs at risk. But let's raise oil prices! https://t.co/yrL4uMf4rq — PolitiTweet.org

Paul Krugman @paulkrugman

So Republicans killed a number of voters for nothing — PolitiTweet.org

Paul Krugman @paulkrugman

RT @nytopinion: "Russia and Saudi Arabia are basically petrostates that export oil and almost nothing else. So propping up oil prices is a… — PolitiTweet.org

Paul Krugman @paulkrugman

The worst and the dumbest — PolitiTweet.org

Paul Krugman @paulkrugman

Based on history, if Larry Kudlow and Wilbur Ross sound the all clear it’s time to head for a bomb shelter — PolitiTweet.org

Paul Krugman @paulkrugman

Words fail me. — PolitiTweet.org

Paul Krugman @paulkrugman

One thing to bear in mind: Trump must be terrified of losing. Because one thing a Biden administration could do would be to reveal the vast corruption everyone knows has been going on these past three years 3/ — PolitiTweet.org

Paul Krugman @paulkrugman

And Trump seems to be nerving himself up for a constitutional crisis too 2/ https://t.co/l34sL7LFkk — PolitiTweet.org

Paul Krugman @paulkrugman

Lest you suppose that Trump's lethal mismanagement of Covid-19 is behind us, clear signals from inside the admin that they want to reopen the economy much too soon 1/ https://t.co/TDYKKXde3Z — PolitiTweet.org