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Paul Krugman

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Last Checked April 3, 2022

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Sat Feb 19 15:59:49 +0000 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

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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

Paper here. The "wage-price" line makes it seem as if we're in trouble if both wages and prices are rising, which isn't necessarily so 3/ https://t.co/oeYXqtO43k — PolitiTweet.org

Posted Feb. 19, 2022