Paul Krugman

@paulkrugman ↗

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Last Checked July 16, 2022

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Sat Jun 18 14:14:28 +0000 2022

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Paul Krugman @paulkrugman

But the politics are all about precisely the stuff monetary/fiscal didn't do, above all gasoline prices — which are, by the way, not all that high in real terms by historical standards 4/ https://t.co/Pr2mvjsdXV — PolitiTweet.org

Posted June 18, 2022

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Paul Krugman @paulkrugman

So underlying inflation probably <4%, vs 2% target; headline is 7. So a real excess of inflation, but most — not all — is supply chains, Putin, etc that are, among other things, not related to US monetary or fiscal policy 3/ — PolitiTweet.org

Posted June 18, 2022

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Paul Krugman @paulkrugman

Republicans go on and on about $2 gas under Trump — but that was at the bottom of a global slump caused by Covid. And of course Rs have no ideas about how to bring prices down 5/ — PolitiTweet.org

Posted June 18, 2022