Paul Krugman

@paulkrugman ↗

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Last Checked Feb. 4, 2022

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Thu Dec 30 13:55:32 +0000 2021

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Paul Krugman @paulkrugman

But we don't have a weak economy; we have inflation because we have a booming economy, with supply chains having trouble keeping up with the boom in goods consumption. And there's no hint of a wage-price spiral 4/ — PolitiTweet.org

Posted Dec. 30, 2021

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Paul Krugman @paulkrugman

There's also a *possible* argument for temporary controls to break a wage-price spiral that is persisting despite a weak economy — although making that work is so hard that it would be a strategy of last resort 3/ — PolitiTweet.org

Posted Dec. 30, 2021

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Paul Krugman @paulkrugman

I think — probably, maybe, I hope — that inflation will subside as demand gets less skewed and supply chains adjust. Price controls would just screw up that adjustment. Not all bad ideas come from the right 5/ — PolitiTweet.org

Posted Dec. 30, 2021