Paul Krugman

@paulkrugman ↗

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Last Checked June 29, 2022

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Sun May 15 13:57:04 +0000 2022

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Paul Krugman @paulkrugman

Position #1 is clearly wrong — but I don’t know any prominent figure who holds it. On the other hand, position #3 is also dubious economics. Gouging is probably a small factor, but it could be *a* factor. Why the vitriol? 10/ — PolitiTweet.org

Posted May 15, 2022

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Paul Krugman @paulkrugman

Consider three positions. 1. Gouging is the main cause of inflation 2. Gouging could be a contributory factor 3. Gouging cannot possibly be a cause of inflation, and anyone saying otherwise is ignorant and dangerous 9/ — PolitiTweet.org

Posted May 15, 2022

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Paul Krugman @paulkrugman

How can gouging cause inflation? Even if corps have monopoly power, weren’t they already exploiting it to the max, so that it caused high but not *rising* prices? Well, let’s get wonky and learn from labor economics 11/ — PolitiTweet.org

Posted May 15, 2022