Paul Krugman

@paulkrugman ↗

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Last Checked April 16, 2022

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Fri Mar 04 15:00:07 +0000 2022

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Paul Krugman @paulkrugman

Wage numbers have been problematic throughout the pandemic, because of compositional effects. So not sure how much weight to put on the apparent slowdown in wage growth. But combined with rising labor force participation, the case for a hugely overheated economy looks weaker 1/ — PolitiTweet.org

Posted March 4, 2022

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Paul Krugman @paulkrugman

I've been watching journalists and some economists twisting themselves into pretzels in an effort to deny the obvious: for whatever reason, people are hearing negative things about the economy and imagine that bad stuff is happening to other people even as they're doing OK 2/ — PolitiTweet.org

Posted March 4, 2022

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Paul Krugman @paulkrugman

This in turn weakens the case for draconian monetary tightening. I still think it's prudent for the Fed to start gradually raising rates, but no case now for shock and awe tightening and reason to consider a pause a few months from now, depending on data 2/ — PolitiTweet.org

Posted March 4, 2022