Paul Krugman

@paulkrugman ↗

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Last Checked July 1, 2022

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Sun May 15 13:59:02 +0000 2022

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Paul Krugman @paulkrugman

And firms sometimes hesitate to raise prices, at least visibly — hence the phenomenon of shrinkflation, where you make stuff smaller rather than hike prices 15/ https://t.co/hV83elpLrA — PolitiTweet.org

Posted May 15, 2022

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Paul Krugman @paulkrugman

This in turn implies that seemingly small considerations — like fear of customer or political backlash — can inhibit firms from charging or paying what the traffic will bear. E.g., firms don’t cut wages in recessions bc they worry about morale 14/ — PolitiTweet.org

Posted May 15, 2022

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Paul Krugman @paulkrugman

But there will be less backlash if lots of other prices are also going up, so it’s not at all crazy to suggest that some corps are feeling freer than usual to exploit their market power, adding to inflation 16/ — PolitiTweet.org

Posted May 15, 2022