Paul Krugman

@paulkrugman ↗

Deleted No

Hibernated No

Last Checked June 18, 2022

Created

Sun Apr 17 12:38:07 +0000 2022

Likes

373

Retweets

Source

Twitter Web App

View Raw Data

JSON Data

View on Twitter

Likely Available

Paul Krugman @paulkrugman

But that's exactly what the Fed is doing. The Fed funds rate is still near zero, but that's irrelevant; the shift toward tightening has already led to large rises in the interest rates that are relevant to real investment spending 6/ https://t.co/JOHmKmSfwg — PolitiTweet.org

Posted April 17, 2022

Preceded By

Paul Krugman @paulkrugman

But that doesn't necessarily tell us about psychology; arguably it just says that the economy is overheated, which, while I hate to say it, does seem to be true. And it calls for policies to cool things down 5/ — PolitiTweet.org

Posted April 17, 2022

Followed By

Paul Krugman @paulkrugman

So this looks like an economy in which inflation shot up mostly because of special temporary shocks, but also bc of overheating; but policymakers are acting to cool things down, and both markets and consumers believe they will succeed. Why, then, the catastrophe talk? 7/ — PolitiTweet.org

Posted April 17, 2022