Paul Krugman

@paulkrugman ↗

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Last Checked Oct. 6, 2022

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Fri Sep 02 16:07:46 +0000 2022

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Paul Krugman @paulkrugman

They could be right, but I didn't hear any effort even to grapple with the issue — no mention at all of the vast difference between expected inflation now and what it was the last time we needed to disinflate 3/ — PolitiTweet.org

Posted Sept. 2, 2022

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Paul Krugman @paulkrugman

They basically believe in a mechanical "sacrifice ratio" — you need x point-years of excess unemployment to reduce inflation by 1 percentage point, and consider the evidence that expected inflation remains low irrelevant 2/ — PolitiTweet.org

Posted Sept. 2, 2022

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Paul Krugman @paulkrugman

The good news is that the debate doesn't matter much for current policy. The Fed must tighten and is tightening — and we'll see what it effect it has 4/ — PolitiTweet.org

Posted Sept. 2, 2022