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2 hr 11 min ago
Economist warns about reopening economy prematurely
From CNN's Elise Hammond
A renown economist is warning about the consequences of opening the economy back up too quickly after the coronavirus.
Paul Krugman, a New York Times columnist and winner of Nobel Prize for Economics in 2008, told CNN that it is better for businesses to stay shut down longer rather than starting prematurely and pointed to the flu pandemic in 1918.
"We need to provide disaster relief. We need to provide aid to people who are not getting incomes, and that makes it tolerable," Krugman said. "We need go on as long as it takes."
Economist warns about reopening economy prematurely
From CNN's Elise Hammond
A renown economist is warning about the consequences of opening the economy back up too quickly after the coronavirus.
Paul Krugman, a New York Times columnist and winner of Nobel Prize for Economics in 2008, told CNN that it is better for businesses to stay shut down longer rather than starting prematurely and pointed to the flu pandemic in 1918.
Krugman said opening the economy too fast would cause more deaths and a bigger economic slump.
"We need to provide disaster relief. We need to provide aid to people who are not getting incomes, and that makes it tolerable," Krugman said. "We need go on as long as it takes."