Paul Krugman

@paulkrugman ↗

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Last Checked July 15, 2022

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Fri Jun 17 16:57:45 +0000 2022

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Paul Krugman @paulkrugman

First, the economics: underlying inflation has probably risen from 2 percent to around 4 percent, which can be attributed to loose fiscal/monetary policy. But headline inflation is 7/8 percent — so most inflation doesn't reflect stuff US policymakers control 2/ — PolitiTweet.org

Posted June 17, 2022

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Paul Krugman @paulkrugman

A few thoughts on the political economy of inflation, which are deeply unfair — and also may not play out quite how everyone thinks 1/ — PolitiTweet.org

Posted June 17, 2022

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Paul Krugman @paulkrugman

And here's the thing: the political backlash is mostly about the stuff that can't be blamed on policy, especially gasoline. Republicans would still be going on about $5 gas even if there had never been a fiscal stimulus 3/ — PolitiTweet.org

Posted June 17, 2022