Matthew Yglesias

@mattyglesias ↗

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Last Checked March 13, 2023

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Sat Mar 11 13:26:31 +0000 2023

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Matthew Yglesias @mattyglesias

Instead Sacks is out here begging and pleading for active public policy measures to avoid that. And I sympathize! Minimizing downside risk of mass unemployment is in fact more important than minimizing inflation. But that’s exactly the logic Powell/Yellen used in 2021. — PolitiTweet.org

Posted March 11, 2023

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Matthew Yglesias @mattyglesias

Suppose your only policy concern right now was inflation, what would you do? Well you’d wipe out SVB’s uninsured depositors because whatever possible downside that would have it would absolutely be disinflationary. — PolitiTweet.org

Posted March 11, 2023

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Matthew Yglesias @mattyglesias

The solution for people with the most direct stake in this is ideally to grovel a little and admit that your naive libertarian politics are bullshit. But failing that, just shut the fuck up for the weekend! — PolitiTweet.org

Posted March 11, 2023