Paul Krugman

@paulkrugman ↗

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Last Checked Oct. 9, 2022

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Sun Sep 04 14:00:16 +0000 2022

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Paul Krugman @paulkrugman

My argument was that even if we use the standard framework, current data suggest the need to cool off the labor market, not to put it through a Volcker-style wringer 2/ — PolitiTweet.org

Posted Sept. 4, 2022

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Paul Krugman @paulkrugman

So some people don't seem to realize that this was a *dovish* thread. I was pushing back against assertions, most prominently by Larry Summers, that we need an extended slump to control inflation 1/ https://t.co/RprSKUfKbC — PolitiTweet.org

OK, gonna do an econ thread most of my followers will find incomprehensible. But I think it needs to be done, bc th… https://t.co/3fYLh2mNSH

Posted Sept. 4, 2022

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Paul Krugman @paulkrugman

That standard framework didn't come out of thin air. Data from the big rise and fall of inflation in the 70s and 80s sort of seemed to support it 3/ https://t.co/0y2wE5Uii8 — PolitiTweet.org

Posted Sept. 4, 2022