Paul Krugman

@paulkrugman ↗

Deleted No

Hibernated Yes

Last Checked Sept. 16, 2020

Created

Thu Aug 22 18:37:36 +0000 2019

Likes

406

Retweets

114

Source

Twitter Web App

View Raw Data

JSON Data

View on Twitter

Likely Available

Paul Krugman @paulkrugman

After all, at this point ultra-low interest rates and persistent demand shortfalls have gone on much longer than stagflation ever did. Why did 7-8 bad years in the 1970s change everything, but 11 bad years since 2008 change so little? 6/ — PolitiTweet.org

Posted Aug. 22, 2019 Hibernated

Preceded By

Paul Krugman @paulkrugman

Larry also mentions how the inflation of the 1970s led to a major rethinking of macro, and suggests that we should do the same. It seems to me that we should be asking hard questions about why that hasn't happened already 5/ — PolitiTweet.org

Posted Aug. 22, 2019 Hibernated

Followed By

Paul Krugman @paulkrugman

I suspect that the answer is a mix of sociology and politics: obsessing over the evils of stagnation both served a conservative agenda and played to economists' desire to be ever more neoclassical. But the contrast remains striking 7/ — PolitiTweet.org

Posted Aug. 22, 2019 Hibernated