Paul Krugman

@paulkrugman ↗

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Last Checked April 3, 2022

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Sat Feb 19 15:57:26 +0000 2022

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Paul Krugman @paulkrugman

A plea to econ journalists: Please stop writing about the danger of a "wage-price spiral". This distracts from the real question, which is whether inflation is getting entrenched in expectations 1/ — PolitiTweet.org

Posted Feb. 19, 2022

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Paul Krugman @paulkrugman

Monetary policy matters; monetary aggregates, not so much, and they're not helpful at all as indicators during times of extraordinary economic stress 6/ — PolitiTweet.org

Posted Feb. 19, 2022

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Paul Krugman @paulkrugman

The original Phelps paper on the possibility of stagflation — whose analytical framework has aged much better than Friedman's — actually describes a wage-wage spiral 2/ https://t.co/GRv7w1SZzT — PolitiTweet.org

Posted Feb. 19, 2022