Paul Krugman

@paulkrugman ↗

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Last Checked June 5, 2021

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Wed May 12 11:44:43 +0000 2021

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Paul Krugman @paulkrugman

This may sometimes happen under hyperinflation conditions, when everyone is extremely sensitized to any hint of things getting even worse. But totally wrong for an economy with a history of relatively low inflation 3/ — 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

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Paul Krugman @paulkrugman

Going to be relevant in the months ahead, I suspect 4/ — PolitiTweet.org

Posted May 12, 2021