Matthew Yglesias

@mattyglesias ↗

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Last Checked Feb. 9, 2023

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Mon Feb 06 16:04:59 +0000 2023

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Matthew Yglesias @mattyglesias

“Inflation rose because nominal demand for products outstripped supply-capacity” and “inflation rose because profit margins expanded” are not rival theories of inflation, these are the same phenomenon. — PolitiTweet.org

Posted Feb. 6, 2023

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Matthew Yglesias @mattyglesias

@TimFernholz @DKThomp I’ve got a philosophy of mind term paper from 2002 lurking on some disk somewhere to prove this was my line long before we had large language models… — PolitiTweet.org

Posted Feb. 6, 2023

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Matthew Yglesias @mattyglesias

The important further concordance is that judicious policy should be able to slow nominal demand growth in a way that overwhelmingly comes out of margins rather than reduced real output. Soft landing is hard, but policymakers should try! — PolitiTweet.org

Posted Feb. 6, 2023