Paul Krugman

@paulkrugman ↗

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Last Checked July 26, 2022

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Sun Jun 26 12:39:53 +0000 2022

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Paul Krugman @paulkrugman

If partisan ads get more people to tell pollsters that they expect permanent high inflation, will this translate into actual wage and price increases? That is, will it affect perceptions that inform economic decisions, as opposed to those that might affect voting? Doubtful 14/ — PolitiTweet.org

Posted June 26, 2022

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Paul Krugman @paulkrugman

But even if ads do raise what consumers *say* about expected inflation, will it have any real economic significance? There's already a striking disconnect between what people say about the state of the economy and what they say about their own finances 13/ — PolitiTweet.org

Posted June 26, 2022

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Paul Krugman @paulkrugman

We'll need to watch this, and maybe discount what the surveys — as opposed to financial markets, where people are putting money on the line — say. Key point: the Fed should not slam the brakes because of phantom inflation fears 15/ — PolitiTweet.org

Posted June 26, 2022