Paul Krugman

@paulkrugman ↗

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Last Checked Sept. 24, 2022

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Thu Aug 25 16:36:36 +0000 2022

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Paul Krugman @paulkrugman

Such a strange debate over debt relief and inflation, especially the unhelpful discussion about baselines. Here's what we know: the end of the payments moratorium will be modestly contractionary; debt relief will offset some but not all of that contraction 1/ — PolitiTweet.org

Posted Aug. 25, 2022

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Paul Krugman @paulkrugman

Is it just me, or are economic data starting to feel like a Rorschach test — what you see says more about you than about the data? — PolitiTweet.org

The divergence between GDP and GDI is remarkable. In theory, the two should be identical -- they measure the same t… https://t.co/bNEqWpeCwe

Posted Aug. 25, 2022

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Paul Krugman @paulkrugman

If we ignore the role of the Fed, this means that output and inflation will be a bit higher than they would if the contractionary stuff wasn't offset. This doesn't mean inflation higher than it is now, and the difference will at most be a fraction of a percentage point 2/ — PolitiTweet.org

Posted Aug. 25, 2022