Paul Krugman

@paulkrugman ↗

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Last Checked April 8, 2022

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Wed Feb 23 14:09:00 +0000 2022

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Paul Krugman @paulkrugman

My views about the effects of temporary policies depend on the current situation. Scandal! 3/ — PolitiTweet.org

Posted Feb. 23, 2022

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Paul Krugman @paulkrugman

Right now, as I argued the other day, capacity utilization doesn't look high, so supply is probably elastic. Yes, I understand incidence 2/ https://t.co/lXpwGTDr12 — PolitiTweet.org

Crude prices are set on world markets; US refinery capacity utilization is if anything a bit low by historical norm… https://t.co/gILi7JHSWb

Posted Feb. 23, 2022

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Paul Krugman @paulkrugman

Actually, to enlarge on this: since the state of supply varies, the short-run incidence of tax changes presumably does too. I had the same implicit model of gas prices in 2008 that I do now, but it's not the summer, and that matters 4/ — PolitiTweet.org

Posted Feb. 23, 2022