Matthew Yglesias

@mattyglesias ↗

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Last Checked Feb. 15, 2023

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Tue Oct 11 16:26:13 +0000 2022

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Matthew Yglesias @mattyglesias

In other words: If your anti-inflation program makes real incomes lower what’s the point? If it makes real incomes higher then where’s the pain? — PolitiTweet.org

Posted Oct. 11, 2022 Deleted after a month Hibernated

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Matthew Yglesias @mattyglesias

“We have to take painful measures to reduce inflation” sounds high-status and wise. But presumably the reason to reduce inflation is that inflation is painful, and an appropriate policy response would be one that creates *less* pain on net. — PolitiTweet.org

Posted Oct. 11, 2022 Deleted after a month Hibernated

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Matthew Yglesias @mattyglesias

I think it would make more sense to say that excessive nominal demand is painful, mostly generating higher prices rather than real output, and slower demand growth at the margin will make things better rather than worse — that’s the reason to do it. — PolitiTweet.org

Posted Oct. 11, 2022 Deleted after a month Hibernated