Paul Krugman

@paulkrugman ↗

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Last Checked July 3, 2020

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Thu May 02 15:23:15 +0000 2019

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Paul Krugman @paulkrugman

And the Fed's view that core inflation is a much better guide to underlying inflation pressures than the headline number including commodity prices has been overwhelmingly validated. Compare headline inflation with core since 2005: 3/ https://t.co/selH6Fyo4R — PolitiTweet.org

Posted May 2, 2019 Hibernated

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Paul Krugman @paulkrugman

The logic behind the core measure is very clear and has been explained many times over the years. Here's my version. Happily, we never did slide into Japan-style deflation, but the argument stands 2/ https://t.co/1iMXZWocjv — PolitiTweet.org

Posted May 2, 2019 Hibernated

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Paul Krugman @paulkrugman

Headline inflation gave false alarms in 2008 and again in 2011-12; it would have been disastrous if the Fed had responded to those false alarms by raising rates (the ECB did in fact do that in 2011, with nasty results) 4/ — PolitiTweet.org

Posted May 2, 2019 Hibernated