Paul Krugman

@paulkrugman ↗

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Last Checked Sept. 3, 2022

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Mon Aug 01 18:18:18 +0000 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

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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

it's much worse than that. Bitcoin is supposed to make fiat money irrelevant, right? Yet we're supposed to define inflation by the q of something made irrelevant by the magic of the blockchain? — PolitiTweet.org

THE ABSURD ATTEMPT BY BITCOINERS TO CHANGE THE DEFINITION OF 'INFLATION' I wrote a followup on how ridiculous it i… https://t.co/B0OfuUild4

Posted Aug. 1, 2022