Matthew Yglesias

@mattyglesias ↗

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Last Checked Sept. 28, 2022

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Tue May 24 10:08:39 +0000 2022

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Matthew Yglesias @mattyglesias

If fiscal and monetary policy were perfect and core inflation was 2.2 percent instead of 6.2 percent the cost of electricity, home heating, and gasoline would still be rising faster than incomes and everyone would still be mad. The energy piece is key! https://t.co/0r6BBz1WK4 https://t.co/UHMSquLrny — PolitiTweet.org

Posted May 24, 2022 Hibernated

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Matthew Yglesias @mattyglesias

It’s the energy prices, stupid https://t.co/0r6BBz1WK4 — PolitiTweet.org

Posted May 24, 2022 Hibernated

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Matthew Yglesias @mattyglesias

A negative shock to energy supply pushes output down and prices up — stagflation. The central bank can respond to eliminate that “-flation” part of that but it will just force a large recession which is also bad. https://t.co/0r6BBz1WK4 https://t.co/LC2nsYzqfz — PolitiTweet.org

Posted May 24, 2022 Hibernated