Also, and relatedly, THIS IS NOT ABOUT STIMULUS. The point is to help people survive the remaining months of pandemic, not to boost demand. But like the fact that it's not just the checks, this seems impossible to get across
Krugman insisting we obey his normative definitions on twitter. I hear this is a few places. There is o normative definition except piling on.
The real normative economics is earmark trading in Congress and having a bunch of academics pretend otherwise is nuts. If we do not have revenue sharing, then earmark sharing is what we have, second best and that is fine.
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