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Paul Krugman

@paulkrugman ↗

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Last Checked Oct. 9, 2022

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Sun Sep 04 14:03:14 +0000 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

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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

Of course that interpretation could be all wrong. But I was pushing back against claims that we needed a 1980-85-type era of very high unemployment to cure current inflation. 2022 isn't 1980 4/ — PolitiTweet.org

Posted Sept. 4, 2022