Paul Krugman

@paulkrugman ↗

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Last Checked April 10, 2022

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Wed Feb 23 15:54:27 +0000 2022

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Paul Krugman @paulkrugman

But the gas tax is probably a bad example for me to have chosen. I'm much more concerned with the haste to dismiss the idea that opportunistic exploitation of monopoly power is playing any role in inflation 2/ — PolitiTweet.org

Posted Feb. 23, 2022

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Paul Krugman @paulkrugman

I don't think this debate is worth continuing, if you think "bend over backwards to show independence" means "stupid and malicious." Fwiw, my guesstimate is that consumers would get most — 70 or 80 %? — of a gas tax cut right now, bc there seems to be spare capacity 1/ — PolitiTweet.org

Posted Feb. 23, 2022

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Paul Krugman @paulkrugman

Obviously none of this would be happening if we didn't have an inflationary landscape to begin with — and I'm not suggesting at all that greed explains why I called this one wrong. But I do feel that Democratic-leaning economists have some tendency to be excessively purist 3/ — PolitiTweet.org

Posted Feb. 23, 2022