Paul Krugman

@paulkrugman ↗

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Last Checked June 5, 2020

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Fri Apr 12 15:24:20 +0000 2019

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Paul Krugman @paulkrugman

Here's the history of commodity price inflation vs the Fed's preferred measure of core inflation since 2005. The Fed's view has always been that core, which excludes volatile commodity prices, is a better guide to underlying inflation 2/ https://t.co/NbKJJWJ1e6 — PolitiTweet.org

Posted April 12, 2019 Hibernated

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Paul Krugman @paulkrugman

And what he now claims to support -- pegging the dollar to a basket of commodities – would be almost as bad as a gold standard. There's a history here – a history people like Moore refuse to learn from 1/ — PolitiTweet.org

Steve Moore just said on CNN that he doesn't support a return to the gold standard. Then Erin Burnett ran three cli… https://t.co/SHtFIpc9My

Posted April 12, 2019 Hibernated

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Paul Krugman @paulkrugman

Republicans gave the Fed huge grief over that view. During the period 2010-2012, when commodity prices were rising due to global recovery, they kept insisting that this was a sign of imminent runaway inflation requiring tight money 3/ https://t.co/zqEyy93uu1 — PolitiTweet.org

Posted April 12, 2019 Hibernated