Paul Krugman

Paul Krugman @paulkrugman

True, America wasn't formally at war — but it was serving as the "arsenal of democracy," and was already engaging in massive mobilization. Yet the auto companies wanted to keep making personal cars 3/ — PolitiTweet.org

Paul Krugman @paulkrugman

The Act was introduced during the Korean War, but it reflected the experience of World War II, when business was *not* fully cooperative. For example, in the period before Pearl Harbor, the auto industry resisted calls to convert to military production 2/ https://t.co/mOWJ5uE4Lo — PolitiTweet.org

Paul Krugman @paulkrugman

I've been doing some research on the history of the Defense Production Act, which Trump is refusing to use — basically telling us to rely on the kindness of corporations. What you need to know is that this has never worked 1/ — PolitiTweet.org

Paul Krugman @paulkrugman

RT @ChrisMurphyCT: Let's not over-complicate this. Several Republican Senators are holding up the bipartisan Coronavirus emergency bill b… — PolitiTweet.org

Paul Krugman @paulkrugman

I'd say that it's about 75% a Democratic disaster-relief bill, with the other 25% a much more constrained Republica… https://t.co/1uaPyPohoq — PolitiTweet.org

Paul Krugman @paulkrugman

From the description — will need to see details — this bill looks not perfect but pretty good. Lots of aid to affli… https://t.co/w2yD9xP4HZ — PolitiTweet.org

Paul Krugman @paulkrugman

This is really terrifying. Need to adjust for population size, but even so we're probably < 2 weeks from being Italy https://t.co/CaVgdUGDpj — PolitiTweet.org

Paul Krugman @paulkrugman

And remember, the objective reality of the disaster isn't hitting home for many people yet. It's possible that the… https://t.co/sfoLJbz2Lj — PolitiTweet.org

Paul Krugman @paulkrugman

Two points of comparison. 1. Trump is nowhere like Bush's overwhelming approval post 9/11 2. Trump's approval way b… https://t.co/9stDPHL7cU — PolitiTweet.org

Paul Krugman @paulkrugman

Most people aren't all that familiar with the history of Trump's botched response, or with what he isn't doing now.… https://t.co/ONOAkvW2vv — PolitiTweet.org

Paul Krugman @paulkrugman

Some amateur political science: I know people who are following Trump's disastrous response to Covid-19 are upset t… https://t.co/EC2cImjkLG — PolitiTweet.org

Paul Krugman @paulkrugman

RT @NYGovCuomo: I do not understand the reluctance to use the federal Defense Production Act to manufacture ventilators. If not now, when? — PolitiTweet.org

Paul Krugman @paulkrugman

For the satire-impaired 2/ https://t.co/LeKRXy8MZS — PolitiTweet.org

Paul Krugman @paulkrugman

Lt. Gov. Patrick's proposal to let seniors die to help the economy is only a half-measure; he should also include a… https://t.co/qwughhJS3u — PolitiTweet.org

Paul Krugman @paulkrugman

Aha. I didn't realize that some Sanders supporters were among the mint-the-coin crowd. Once again, folks, the coin… https://t.co/n1ypTFf9P5 — PolitiTweet.org

Paul Krugman @paulkrugman

And the key points, of course, are that (a) the US government can borrow as much as it likes, incredibly cheaply (b… https://t.co/QMNwjbRMUN — PolitiTweet.org

Paul Krugman @paulkrugman

But it wouldn't raise the official size of federal debt, so it wouldn't run up against the debt ceiling. In other w… https://t.co/rWV4tCpSbr — PolitiTweet.org

Paul Krugman @paulkrugman

Instead, as Treasury drew down its account, the Fed would (other things equal) offset the monetary impact by sellin… https://t.co/7ZBJy3ogkX — PolitiTweet.org

Paul Krugman @paulkrugman

By minting a coin with a nominal value of $1 trillion and depositing it at the Fed, Treasury could acquire a Fed ac… https://t.co/bQ3myiNjnJ — PolitiTweet.org

Paul Krugman @paulkrugman

What was the trillion-dollar coin about? It wasn't about paying for government without borrowing; it was about payi… https://t.co/Kg6MJfNdbE — PolitiTweet.org

Paul Krugman @paulkrugman

This is really trivial compared with the literally life-and-death stakes of the coronavirus struggle, but I've been… https://t.co/wGw8iWzzuG — PolitiTweet.org

Paul Krugman @paulkrugman

It looks as if McConnell is basically capitulating here. But the details matter enormously. https://t.co/vWQKtj9Iyu — PolitiTweet.org

Paul Krugman @paulkrugman

Being a libertarian means never having to say you're sorry https://t.co/xJwDlYr7HF — PolitiTweet.org

Paul Krugman @paulkrugman

RT @BrendanNyhan: "Supply-siders have appealed to Trump with self-serving fantasies. Public-health professionals have had nothing to offer… — PolitiTweet.org

Paul Krugman @paulkrugman

RT @TimDuy: Suspect this sudden pressure to reopen the economy before we control the virus is a reaction to the realization that the econom… — PolitiTweet.org

Paul Krugman @paulkrugman

Disdain for expertise is going to kill us. https://t.co/cuE3VtvFCF — PolitiTweet.org

Paul Krugman @paulkrugman

RT @nytopinion: Mitch McConnell "is holding needy Americans hostage in an attempt to blackmail Democrats into giving Donald Trump a $500 bi… — PolitiTweet.org

Paul Krugman @paulkrugman

Good summary of how McConnell bill fails the test https://t.co/mmKbwb6tWj — PolitiTweet.org

Paul Krugman @paulkrugman

Naive question. McConnell would probably have his bill if he hadn't gotten greedy and included that slush fund, and… https://t.co/qHIcG2Vea1 — PolitiTweet.org

Paul Krugman @paulkrugman

Every time you think you've reached the limit of depravity ... https://t.co/FtDwjEW1ZH — PolitiTweet.org