Paul Krugman

@paulkrugman ↗

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Last Checked July 11, 2022

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Sun Jun 05 13:19:58 +0000 2022

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Paul Krugman @paulkrugman

Which brings me back to my main point: credibility issues (which may be important!) aside, there's no strong rationale for getting down to 2%. And if we were willing to accept 3%, recent data suggest we're almost there! 8/ — PolitiTweet.org

Posted June 5, 2022

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Paul Krugman @paulkrugman

The rest of the answer goes back to the Fisher effect: higher trend inflation means higher normal interest rates, which gives the Fed more room to cut rates during recessions. Observing that falling computer prices are harmless is irrelevant to that point 7/ — PolitiTweet.org

Posted June 5, 2022

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Paul Krugman @paulkrugman

People are asking why so much of the public says we're in a recession despite strong job growth. One answer is that when people say "recession" they mean high gas prices. But do people actually know about the job growth? 1/ — PolitiTweet.org

Posted June 6, 2022