Paul Krugman

@paulkrugman ↗

Deleted No

Hibernated No

Last Checked July 9, 2022

Created

Sun Jun 05 13:11:01 +0000 2022

Likes

229

Retweets

Source

Twitter Web App

View Raw Data

JSON Data

View on Twitter

Likely Available

Paul Krugman @paulkrugman

True, there's around $2 trillion in cash out there, facing the full inflation tax. But 85% of that is $100 bills, which are probably for the most part held by people we'd *like* to make poorer 4/ — PolitiTweet.org

Posted June 5, 2022

Preceded By

Paul Krugman @paulkrugman

Yields on interest-bearing assets rise with inflation (Fisher effect), and in fact real yields were higher in the 4% Reagan years than the 2% more recent period (yes, there are other reasons, but still) 3/ https://t.co/6ggmrmp26p — PolitiTweet.org

Posted June 5, 2022

Followed By

Paul Krugman @paulkrugman

The other argument, which is kind of interesting, is that we'e accustomed to seeing many prices fall over time — e.g. electronics. And that doesn't seem to do any harm. So what would be wrong with overall deflation? 5/ — PolitiTweet.org

Posted June 5, 2022