Paul Krugman

@paulkrugman ↗

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Last Checked June 5, 2021

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Wed May 12 11:41:59 +0000 2021

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Paul Krugman @paulkrugman

A forgotten moment in economic discourse: that multi-year period when Milton Friedman kept predicting runaway inflation even as price stability returned 1/ https://t.co/ljDq7fney3 https://t.co/dgGVQc1UwG — PolitiTweet.org

Posted May 12, 2021

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Paul Krugman @paulkrugman

So while I'll be reading the details, everyone should chill out 5/ — PolitiTweet.org

Posted May 12, 2021

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Paul Krugman @paulkrugman

The point is not to bash Friedman; it is, instead, that Friedman was pushing the doctrine of immaculate inflation — the idea that a rising money supply leads directly to inflation even if there's a lot of slack in the economy 2/ — PolitiTweet.org

Posted May 12, 2021