Paul Krugman

@paulkrugman ↗

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Last Checked Sept. 3, 2022

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Mon Aug 01 17:58:24 +0000 2022

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Paul Krugman @paulkrugman

And yes, I know that there are all kinds of issues about different starting points, the role of federal policy, etc. But the basic fact is that so far the Biden economy has added 9 million jobs. So it has been a jobs boom, whatever else you may say 3/ — PolitiTweet.org

Posted Aug. 1, 2022

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Paul Krugman @paulkrugman

The problem may be that the Biden economy boomed *too much*, feeding inflation, and that it now needs to cool off, which may involve a recession (but hasn't yet) 2/ — PolitiTweet.org

Posted Aug. 1, 2022

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Paul Krugman @paulkrugman

One way to think about gas prices: 10 years ago 10 gallons of gas cost about 1.5 hours' wages for the average worker 3 years ago (pre-pandemic) that was down to only about 1 hour, but that was because of an unsustainable fracking bubble Today the number is about 1.3 — PolitiTweet.org

Posted Aug. 1, 2022