Paul Krugman

@paulkrugman ↗

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Last Checked Sept. 26, 2022

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Fri Aug 26 13:44:59 +0000 2022

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Paul Krugman @paulkrugman

A cautionary tale for economists who engage with the public: last night I spoke with a very progressive commentator who was worried about the inflation effects of student debt relief. And the conversation was a reminder that normal human beings don't know about magnitudes 1/ — PolitiTweet.org

Posted Aug. 26, 2022

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Paul Krugman @paulkrugman

Well, the PCE report — which the Fed prefers to the CPI — looks even better than the CPI did. Monthly data are noisy, and the three-month average still suggests core inflation >4%. So no victory celebrations. But good news all the same https://t.co/dWWDYU3aJ4 — PolitiTweet.org

Posted Aug. 26, 2022

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Paul Krugman @paulkrugman

Most people, seeing headlines like "Economists warn about inflationary consequences of Biden plan" imagine that we're talking about 2021 all over again. They aren't aware that even the pessimists are talking about inflation 0.2-0.3 percentage points higher than otherwise 2/ — PolitiTweet.org

Posted Aug. 26, 2022