Paul Krugman

@paulkrugman ↗

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Last Checked Oct. 10, 2022

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Sun Sep 04 14:05:26 +0000 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

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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

Now maybe the whole expectations-augmented Phillips curve story is wrong, and we don't need *any* rise in unemployment to bring this inflation down. I'd love to see a clear model — and feasible policy ideas — for achieving that 5/ — PolitiTweet.org

Posted Sept. 4, 2022