Paul Krugman

@paulkrugman ↗

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Last Checked March 15, 2022

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Wed Feb 09 16:43:50 +0000 2022

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Paul Krugman @paulkrugman

I'd suggest that there are actually two levels: folk beliefs about the economy — like the household budget analogy — and folk beliefs about what economic theory says, which are often pretty much the whole basis for heterodox schools of thought 2/ — PolitiTweet.org

Posted Feb. 9, 2022

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Paul Krugman @paulkrugman

I've been really enjoying Tressie McMillan Cottom's writing about ordinary people pulled into the world of crypto; her suggestion that "folk economics" plays a role is interesting. As she says, folk econ plays a large role in our discourse 1/ https://t.co/hEbrjwDEI2 — PolitiTweet.org

Posted Feb. 9, 2022

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Paul Krugman @paulkrugman

This goes for both right and left. I don't know how many times I've been told that Reagan proved Keynes wrong, because Keynesian economics says that you can't have growth without inflation (which it doesn't) 3/ — PolitiTweet.org

Posted Feb. 9, 2022