Paul Krugman

@paulkrugman ↗

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Last Checked Sept. 8, 2020

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Sat Aug 08 16:15:21 +0000 2020

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Paul Krugman @paulkrugman

The thing is, we went through exactly this story in 2008-9: rising gold prices without rising inflation expectations bc of falling yields, and even a blip in TIPs prices during the post-Lehman financial disruption. No excuse for being confused now [end wonkish rant]/ https://t.co/fWZyFKEkOt — PolitiTweet.org

Posted Aug. 8, 2020

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Paul Krugman @paulkrugman

So, in March there was a near-collapse of financial markets, which drove down the price of anything not totally liquid, including inflation-protected bonds. Hence a brief yield spike and fall in apparent inflation expectations. But it was just a blip 4/ — PolitiTweet.org

Posted Aug. 8, 2020

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Paul Krugman @paulkrugman

I don't know if anyone else has said this, but payroll tax cuts are the hydroxychloroquine of economic policy. They… https://t.co/08R0k0Gk11 — PolitiTweet.org

Posted Aug. 9, 2020