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Paul Romer
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15 threads since March 31, 2020
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April 2, 2020 / 1 tweets

Noah may have a read on the general tenor of the conversation, but I personally do not think that the main action is along a tradeoff between “safe more lives vs produce more output” axis.

https://t.co/NVDSEnJ5AT

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April 2, 2020 / 1 tweets

In February, the unemployment rate was 3.5%.

In the last two weeks, it has gone up by (3.3+6.7)/165 = 6%. So we are already at 9.5%.

https://t.co/ETdf6FzBe8

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March 31, 2020 / 1 tweets

If policy makers are stuck with frequent, long periods of lockdown, it will kill business and consumer confidence. No one can plan. No one will invest. We lose many $trillions.

If we spent $100 billion on testing, can contain the virus with no lockdowns.

Sounds cheap to me. https://t.co/VlIAhOMarh
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