Paul Krugman

@paulkrugman ↗

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Last Checked April 17, 2022

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Fri Mar 04 15:01:43 +0000 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

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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 don't think it's mainly economics reporters, whom only a tiny fraction of Americans read. More important are the chyrons on cable TV, and editorial choices about what to emphasize; would love to see data on ratio of inflation to employment stories — PolitiTweet.org

Polls show the public thinks the U.S. lost jobs last year, when in fact it posted record-breaking job growth. Econo… https://t.co/4K3zn4bJBr

Posted March 4, 2022