Paul Krugman

@paulkrugman ↗

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Last Checked June 8, 2022

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Sun Apr 10 19:41:21 +0000 2022

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Paul Krugman @paulkrugman

I'm not ready to drop that theory yet. By the way, that goes in both directions. There are early indications that the bullwhip effect may lead to a sharp drop in shipping rates and maybe even some commodity prices soon 6/ https://t.co/QcZVnQy63c — PolitiTweet.org

Posted April 10, 2022

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Paul Krugman @paulkrugman

The Putin disruption, less so — even though it is hurting real incomes everywhere. The theory of core inflation, in which swings in volatile prices like food and energy (and now used cars!) don't have much impact on longer-run inflation, has been a smashing success 5/ https://t.co/Vd2OWr9l49 — PolitiTweet.org

Posted April 10, 2022

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Paul Krugman @paulkrugman

That could mean a fall in headline inflation — but would not end stagflation dangers if the job market stays this tight. So I would not advise the Fed to call off rate hikes after a couple of low CPI prints 7/ — PolitiTweet.org

Posted April 10, 2022