Note: This thread is related to #Coronavirus #COVID19

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Paul Krugman+ Your Authors @paulkrugman Nobel laureate. Op-Ed columnist, @nytopinion. Author, “The Return of Depression Economics,” “The Great Unraveling,” "Arguing With Zombies," + more. Jul. 02, 2020 1 min read + Your Authors

The real economic story: reopening brought a substantial bounce in jobs, but also a surge in Covid-19 cases, which already appears to have stalled recovery. This is probably about as good as it gets. And we still have double-digit unemployment 1/

But Trump and his sycophants will read this report as vindication; not only will they fight measures to control the pandemic, but they'll lose interest in continuing to help workers, state & local govts, etc. 2/

By the time reality sets in in the form of health care crisis and sagging economic numbers, it will be too late to avoid both a huge death toll and a long period of stagnation or worse. If Trump loses — likely but not certain — Biden will face one hell of a mess 3/

You can follow @paulkrugman.


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