Paul Krugman

@paulkrugman ↗

Deleted No

Hibernated No

Last Checked May 20, 2022

Created

Thu Mar 24 15:25:32 +0000 2022

Likes

189

Retweets

Source

Twitter Web App

View Raw Data

JSON Data

View on Twitter

Likely Available

Paul Krugman @paulkrugman

Nothing like that is happening now. Large wage increases for some workers, but it's just supply and demand, not expected future inflation. Medium-term inflation expectations mostly anchored — rising breakevens mainly reflect current oil shock 3/ — PolitiTweet.org

Posted March 24, 2022

Preceded By

Paul Krugman @paulkrugman

Employers were locking in large, multi-year cost increases because everyone expected high inflation to continue indefinitely, so their competitors would be in the same position. That was why disinflation — which came as a big surprise — was so costly 2/ — PolitiTweet.org

Posted March 24, 2022

Followed By

Paul Krugman @paulkrugman

So a relatively soft landing is still very much possible. The Fed's belief that it can happen without any uptick in unemployment is dubious. But if you're going to tell 70s scare stories, get the history right 4/ — PolitiTweet.org

Posted March 24, 2022