Paul Krugman

@paulkrugman ↗

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Last Checked July 9, 2021

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Sat Jun 19 13:27:38 +0000 2021

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Paul Krugman @paulkrugman

By the way, Tobin was skeptical of the natural rate too — oh, and foreshadowed the collapse of the concept of the money supply as a well-defined measure. Funny how Tobin, not Friedman, appears to have won the long-run argument 6/ https://t.co/EI0FU0ghxx — PolitiTweet.org

Posted June 19, 2021

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Paul Krugman @paulkrugman

The crown jewel of Friedman's work, the natural rate hypothesis, has also fallen on hard times, though not to the same extent. It may be true that trying to keep unemployment low eventually leads to accelerating inflation. But not much evidence these past 25 years 5/ — PolitiTweet.org

Posted June 19, 2021

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Paul Krugman @paulkrugman

Not saying that Friedman was a bad economist: he was, in fact, a great innovator. But hard now to see him as being remotely in the same league as, to take a nonrandom example, Keynes 7/ — PolitiTweet.org

Posted June 19, 2021