Paul Krugman

@paulkrugman ↗

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Last Checked Oct. 17, 2022

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Wed Sep 28 16:49:42 +0000 2022

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Paul Krugman @paulkrugman

I assume other people get that this is a Draghi "whatever it takes" intervention to calm a gilts panic. It doesn't mean that the BoE will accommodate inflation https://t.co/r94AL9y4CY — PolitiTweet.org

Posted Sept. 28, 2022

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Paul Krugman @paulkrugman

Completely forgot to promote this https://t.co/UZ7hwE87aO — PolitiTweet.org

Posted Sept. 28, 2022

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Paul Krugman @paulkrugman

Yes, yes, yes. The big problem with the ECB was that it was designed only to fight inflation; the greatness of Draghi is that he found a way to do whatever it took anyway. BoE is doing a Bagehot, and rightly so — PolitiTweet.org

@TheStalwart The founding role of central banks is lender of last resort. that is always more important than inflation.

Posted Sept. 28, 2022