Paul Krugman

@paulkrugman ↗

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Last Checked April 16, 2021

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Sun Mar 21 13:54:27 +0000 2021

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Paul Krugman @paulkrugman

It's easy to see how we could have an inflation blip in the months ahead, including for some unusual reasons: the lingering effects of the pandemic have disrupted supply chains 7/ https://t.co/OuSF2ZBm8x — PolitiTweet.org

Posted March 21, 2021

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Paul Krugman @paulkrugman

But the Fed argued that this was a blip, driven by temporary factors, and refused to tighten policy. This was the right call — in contrast to the ECB, which gave in to inflation panic 6/ https://t.co/arJFJkFNEU) — PolitiTweet.org

Posted March 21, 2021

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Paul Krugman @paulkrugman

But you don't get stagflation unless price-setters who *don't* change prices very often — including employers setting annual salaries — begin building expectations of inflation into their pricing 8/ https://t.co/1iMXZWocjv — PolitiTweet.org

Posted March 21, 2021