that derive large parts of their revenues overseas have also contributed to the run-up in markets.
"They're riding on the prospects of economic recovery in Asia and Europe even as the U.S. completely mucks things up," he said. Krugman defended the Federal Reserve's aggressive stimulus response to the pandemic, such as the central bank's purchases of corporate bond ETFs, which"I don't see what else the Fed could have done," he said. "They could not have stood by and allowed a financial crisis on top of the viral crisis, so this is what had to happen, and if there's some mania in the markets, well that's what happens.
The New York Times columnist said the conditions for a quick economic recovery are in place if policymakers would focus on getting the virus under control instead of reopening businesses like bars. He added that the economy could suffer long-term damage from school closures and theor a universal basic income would not be as helpful as targeted benefits when it comes to boosting the economic recovery.
"At this point with everything else going on, the great danger is that we spend too little, not too much," he said.
Hyperbolic idiot.
'Extraordinary Popular Delusions and the Madness of Crowds' -- some things don't change.
Wasn’t this idiot celebrating stock market collapse in March?
Bet you that if the NYT stopped paying Krigman, he’d go back and be a middle of the road economist, not a partisan hack
👇👇👉👉
These so called experts are not the ones who lost their jobs, incomes, freedom, etc. all of a sudden. A family man would rather take a risk instead of watching his entire family die because of poverty. These self-centred experts did not leave that choice with forced lockdowns.
Desperate times. Shes doing a skype from the bathroom. That room echo, lol.
It’s nice to criticize from your suburban enclaves while inner cities burned and were being raped by looting
Did you not close down too soon? In Sweden, as of July 31, 96% of all deaths from COVID-19 are of older than 60 years. When locking down your nations is that not something that should be considered? I mean the younger will bear the costs of lockdowns much longer than you Paul
Krugman doesn’t have a great forecasting record:
Krugman is a political hack. No one should listen to his rants.
Don’t trust what a socialist says.
Smh
The 'Sad Sack'!
Arguably, the people are at risk here. I agree that we need safety over profit.
Didn't help that while we were trying to reopen, we had thousands take to the streets to riot. Is it any shock the COVID spikes started in the same age group that was typically at those riots? They didn't social distance, many didn't have masks while they screamed in the streets.
This guys is consistently wrong
There’s a mania with the printer.
You lost me at 'Paul Krugman'