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Paul Krugman

@paulkrugman ↗

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Last Checked Aug. 30, 2022

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Fri Jul 29 20:54:46 +0000 2022

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Paul Krugman @paulkrugman

But while this was an intellectual and predictive error, which I shared in, I remain puzzled by the certainty that it was a costly policy error. 3/ — PolitiTweet.org

Posted July 29, 2022

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Paul Krugman @paulkrugman

You can see this in the pace of wage increase, which hasn't accelerated nearly as much as headline inflation but clearly indicates an economy that needs cooling off (which the Fed is doing) 2/ https://t.co/xJY3vzZ8ES — PolitiTweet.org

Posted July 29, 2022

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Paul Krugman @paulkrugman

Stylized picture of paths the US economy might have followed after, say, January 2021. It could have converged smoothly to potential (path B); in fact, it clearly overshot and is now on its way back down (path A) 4/ https://t.co/Td56recrSY — PolitiTweet.org

Posted July 29, 2022