Paul Krugman

@paulkrugman ↗

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Last Checked April 24, 2022

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Sat Mar 12 17:29:03 +0000 2022

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Paul Krugman @paulkrugman

For reference: Gasoline prices in 2022 dollars. The Putin shock is remarkably similar in magnitude to the 2010-11 recovery shock, the one that had Paul Ryan lecturing Ben Bernanke about the evils of "debasing the currency" 1/ https://t.co/NL9M31Q4vt — PolitiTweet.org

Posted March 12, 2022

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Paul Krugman @paulkrugman

When I adjust for currency and liters versus gallons, what I get is that since Biden's inauguration US gas is up $1.94/gallon; UK petrol is up $1.79/gallon. As I wrote yesterday, last I noticed Biden wasn't Britain's Prime Minister 3/ https://t.co/F10wPwwYbr — PolitiTweet.org

Posted March 12, 2022

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Paul Krugman @paulkrugman

The Fed ignored the pressure to tighten, and was vindicated both by subsiding inflation and the absence of an oil-shock recession. Useful to remember now 2/ — PolitiTweet.org

Posted March 12, 2022