Matthew Yglesias

@mattyglesias ↗

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Last Checked Feb. 15, 2023

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Fri Oct 28 15:46:30 +0000 2022

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Matthew Yglesias @mattyglesias

“It’s all gas prices” is wrong for example, but commodities are important because of the wage/price wedge. If burrito prices raise because Chipotle workers wages rise that’s redistribution. If it’s because of higher food costs that’s just most people getting poorer. — PolitiTweet.org

Posted Oct. 28, 2022 Deleted after 15 days Hibernated

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Matthew Yglesias @mattyglesias

These are related but not identical — and since they are both happening we can just talk about “inflation” and various strategies for reducing it. But they are different things and could come apart in the future. — PolitiTweet.org

Posted Oct. 28, 2022 Deleted after 15 days Hibernated

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Matthew Yglesias @mattyglesias

All these pessimistic Summers tweets are correct but he’s talking about (a). I think the more serious issue is (b) and the prospects for (b)-focused policy change are better, it’s just mostly out of the Fed’s hands. — PolitiTweet.org

The history of developed countries since 1970 is very discouraging about the prospects of bringing down 8 percent inflation.

Posted Oct. 28, 2022 Deleted after 15 days Hibernated