Paul Krugman

@paulkrugman ↗

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Last Checked Jan. 4, 2022

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Thu Nov 18 14:48:59 +0000 2021

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Paul Krugman @paulkrugman

The problem with this argument is that to the extent that this is about bottlenecks, you're basically saying that the whole economy should be held back by the most constrained sector 11/ — PolitiTweet.org

Posted Nov. 18, 2021

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Paul Krugman @paulkrugman

Historical interpretation aside, what does this say about future policy (it's all about the Fed now)? Should the Fed tighten to bring inflation down? 10/ — PolitiTweet.org

Posted Nov. 18, 2021

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Paul Krugman @paulkrugman

This reminds me of people who argued for monetary tightening in 2008 because of a commodities boom; to caricature only slightly, it's the idea that the whole US economy should be limited by port capacity at LA 12/ — PolitiTweet.org

Posted Nov. 18, 2021