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Paul Krugman

@paulkrugman ↗

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Last Checked Jan. 2, 2022

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Thu Nov 18 14:37:58 +0000 2021

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Paul Krugman @paulkrugman

What's happened instead is that potential is lower than we would have expected, thanks to Great Resignation; employment still low but all signs say labor market very tight 5/ https://t.co/XphqWVw4n6 — PolitiTweet.org

Posted Nov. 18, 2021

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Paul Krugman @paulkrugman

But demand *hasn't* risen all that much: real domestic final spending up 3.8% in 2 years, roughly consistent with normal potential growth 4/ https://t.co/R8e2mfZL5k — PolitiTweet.org

Posted Nov. 18, 2021

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Paul Krugman @paulkrugman

So economy may be overheated given that. But everything we knew before said that this should have only a modest effect on short-term inflation 6/ https://t.co/zWsuhm9tWo — PolitiTweet.org

Posted Nov. 18, 2021