Paul Krugman

@paulkrugman ↗

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Last Checked June 5, 2020

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Fri Apr 12 15:26:29 +0000 2019

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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

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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

Of course, they didn't demand monetary expansion during the commodity price dip of 2015-6 – only GOP presidents get expansionary monetary policy. Still, let's act as if they were sincere. Surely the failure of runaway inflation to materialize should have provoked rethinking 4/ — PolitiTweet.org

Posted April 12, 2019 Hibernated