Paul Krugman

@paulkrugman ↗

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Last Checked July 8, 2022

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Tue May 24 19:03:21 +0000 2022

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Paul Krugman @paulkrugman

I expect to see many op-eds in the next few weeks to the effect that yes, we have a runaway wage-price spiral and the Fed is failing the test. And the truth is that I'm not sure that the Fed has got this; I think it has, but have been wrong before 6/ — PolitiTweet.org

Posted May 24, 2022

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Paul Krugman @paulkrugman

This is very upsetting to those who were reveling in the inflation spike — in the guise of expressing deep concern, of course. So the demands for a reign of fire and blood to curb inflation are getting louder even as the case for such a reign is getting weaker 6/ — PolitiTweet.org

Posted May 24, 2022

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Paul Krugman @paulkrugman

But I think it's important to realize that much of the doom and gloom you'll be hearing from some people actually — and perhaps subconsciously — reflects wishful thinking 7/ — PolitiTweet.org

Posted May 24, 2022