Paul Krugman

@paulkrugman ↗

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Last Checked March 16, 2022

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Fri Feb 11 14:51:39 +0000 2022

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Paul Krugman @paulkrugman

What's important to understand right now is that belief in the Fed's ability to curb inflation is, in practice, a progressive position: If the Fed has this, we can dismiss the inflation argument against investing in our future 7/ — PolitiTweet.org

Posted Feb. 11, 2022

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Paul Krugman @paulkrugman

Now, there are some people who imagine themselves to be on the left arguing that monetary policy doesn't work or that rate hikes actually increase inflation; I'd say that's what the MMTers are saying except that they'd surely insist that I just don't get it 6/ — PolitiTweet.org

Posted Feb. 11, 2022

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Paul Krugman @paulkrugman

And conversely, if you dismiss the Fed's relevance to inflation, in practice you are, whether you know it or not, offering intellectual cover to Joe Manchin 8/ — PolitiTweet.org

Posted Feb. 11, 2022