Paul Krugman

@paulkrugman ↗

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Last Checked June 5, 2021

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Wed May 12 11:28:21 +0000 2021

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Paul Krugman @paulkrugman

We'll also, no doubt, be hearing a lot about M2 growth and the hyperinflation it portends. 3/ https://t.co/7ABVgUYgsk — PolitiTweet.org

Posted May 12, 2021

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Paul Krugman @paulkrugman

But if there's one thing we should have learned from the past 15 years, it is that short-run fluctuations in headline inflation say nothing about underlying forces. Core inflation, by various measures, is a much better guide 2/ https://t.co/qV8EEkRw8H — PolitiTweet.org

Posted May 12, 2021

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Paul Krugman @paulkrugman

But M2 has been an even worse guide than headline inflation 4/ https://t.co/nsk8VcBxTQ — PolitiTweet.org

And M2 (and other monetary aggregates even less) has been a total bust at predicting inflation 2/ https://t.co/dRlGDWqNQn

Posted May 12, 2021