Paul Krugman

@paulkrugman ↗

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Last Checked Sept. 24, 2022

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Wed Aug 24 17:13:09 +0000 2022

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Paul Krugman @paulkrugman

The argument "but it will be inflationary" seems so obviously wrong, so inconsistent with the math, that, as I said, it's baffling. Maybe people who oppose this move on other grounds are just going for the cheap shot? 4/ — PolitiTweet.org

Posted Aug. 24, 2022

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Paul Krugman @paulkrugman

Second, to the extent that deficit spending was inflationary in 2021, it was because the Fed was accommodative — complacent about inflation (yes, like me) and unwilling to raise rates. These days, any expansionary impact, if there is one, will be offset by monetary tightening 3/ — PolitiTweet.org

Posted Aug. 24, 2022

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Paul Krugman @paulkrugman

Again, I can see reasons to oppose this move, although you want to compare it not with what we should do ideally but with *what Biden can actually do*. But spare us the inflation scare talk 5/ — PolitiTweet.org

Posted Aug. 24, 2022