Paul Krugman

@paulkrugman ↗

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Last Checked April 27, 2021

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Tue Apr 13 13:09:11 +0000 2021

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Paul Krugman @paulkrugman

So, today's CPI was a big meh. Not even much sign yet of the bottleneck blip in inflation even I expect to see for much of this year. — PolitiTweet.org

Posted April 13, 2021

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Paul Krugman @paulkrugman

Why? Because mainstream economics says that any inflation threat from overheating can be contained by monetary policy; MMTers don't believe in monetary policy, for unclear reasons, so their doctrine gives more reason to worry 3/ — PolitiTweet.org

Posted April 13, 2021

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Paul Krugman @paulkrugman

Also the product life cycle theory of international trade, which emphasized diffusion of innovations — like peanut M&Ms, I guess — across nations — PolitiTweet.org

IPE trivia: Raymond Vernon, the economist who came up with the obsolescing bargain model that describes interaction… https://t.co/eNdtG5Ytr7

Posted April 13, 2021