Paul Krugman

@paulkrugman ↗

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Last Checked July 9, 2021

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Sat Jun 19 13:40:55 +0000 2021

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Paul Krugman @paulkrugman

So, while I was away the case for inflation panic died. Or actually the cases, plural. For these past few months there have been two inflation stories, both crucially requiring a key failure on the part of the Fed. Now we know both stories are wrong 1/ — 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

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Paul Krugman @paulkrugman

Story #1 said that the Fed's intellectual framework — which makes a key distinction between volatile commodity prices and inertial "core" inflation — was all wrong, and that things like soaring lumber prices were harbingers, not transitory shocks 2/ — PolitiTweet.org

Posted June 19, 2021