Paul Krugman

@paulkrugman ↗

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Last Checked Feb. 7, 2021

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Tue Jan 26 14:21:40 +0000 2021

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Paul Krugman @paulkrugman

I suspect that this background played a role in her relative accuracy as a forecaster. In particular, she was especially inclined to wait for actual evidence of inflation, as opposed to assuming that it must be coming 4/ https://t.co/sWJ0brjQHv — PolitiTweet.org

Posted Jan. 26, 2021

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Paul Krugman @paulkrugman

Also, perhaps less noticed, a really interesting intellectual background. Her work with George Akerlof helped lay the foundations for behavioral macroeconomics — macro based on observation of how people actually act, not how maximization says they should act 3/ https://t.co/j44vOLwjBx — PolitiTweet.org

Posted Jan. 26, 2021

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Paul Krugman @paulkrugman

In the current context, this means that she's not likely to say "Eek! Debt!" as opposed to looking for evidence that debt and spending are actually problems 5/ — PolitiTweet.org

Posted Jan. 26, 2021