Paul Krugman+ Your Authors @paulkrugman Nobel laureate. Op-Ed columnist, @nytopinion. Author, “The Return of Depression Economics,” “The Great Unraveling,” "Arguing With Zombies," + more. Jun. 24, 2020 1 min read + Your Authors

Back on May 11 I wrote about how we could really mess up the economics of the pandemic 1/  https://www.nytimes.com/2020/05/11/opinion/coronavirus-depression.html 

I laid out a story about how it could all go wrong and leave us with a long period of high unemployment 2/

It sure looks as if that's what is happening, doesn't it? We had employment gains in May, but states that rushed to reopen seeing a surge in infections; early indications that the public is retreating into its homes even as governors hesitate 3/

It's looking like the nightmare scenario is coming to pass. And it was "America" that wouldn't stay the course: the NY area has done what needed to be done. It's Trump and his allies who refused to get real 4/

*wasn't*


You can follow @paulkrugman.



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