Thread by @paulkrugman, Early signs are that we're fumbling the economic response to Covid-19 almost [...]

Paul Krugman

paulkrugman

Early signs are that we're fumbling the economic response to Covid-19 almost as badly as we fumbled the public health response 1/ https://www.nytimes.com/2020/04/09/business/coronavirus-unemployment-washington.html?action=click&module=Well&pgtype=Homepage&section=Politics

Virus Throws Millions More Out of Work, and Washington Struggles to Keep Pace

Federal efforts to keep businesses operating and workers employed have so far failed to stop the bleeding as the coronavirus tears through the economy in devastating ways.

https://www.nytimes.com/2020/04/09/business/coronavirus-unemployment-washington.html?action=click&module=Well&pgtype=Homepage&section=Politics

And instead of focusing on making disaster relief work, you-know-who is back to potentially deadly fantasies about reopening the economy 2/ https://www.washingtonpost.com/national/trump-reopen-us-economy/2020/04/09/10d42b4a-7a7b-11ea-9bee-c5bf9d2e3288_story.html

Trump administration pushing to reopen much of the U.S. next month

The president has asked advisers to come up with a strategy to begin the resumption of normal life by May 1 — if not sooner.

https://www.washingtonpost.com/national/trump-reopen-us-economy/2020/04/09/10d42b4a-7a7b-11ea-9bee-c5bf9d2e3288_story.html

As I've been saying, we suffer from learned helplessness when it comes to using government for good. And it may kill many Americans 3/ https://www.nytimes.com/2020/04/06/opinion/coronavirus-economy.html

Opinion | Will We Flunk Pandemic Economics?

Our government suffers from learned helplessness.

https://www.nytimes.com/2020/04/06/opinion/coronavirus-economy.html

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