Paul Krugman

@paulkrugman ↗

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Last Checked Oct. 19, 2022

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Tue Oct 04 20:09:00 +0000 2022

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Paul Krugman @paulkrugman

This could in principle be caused by self-fulfilling expectations of higher inflation — but there's no evidence, from surveys or market data, that this is the story 3/ — PolitiTweet.org

Posted Oct. 4, 2022

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Paul Krugman @paulkrugman

Here's the puzzle: the unemployment rate is currently about what it was on the eve of the pandemic, but underlying inflation, by whatever measure you choose, is much higher than it was then 2/ — PolitiTweet.org

Posted Oct. 4, 2022

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Paul Krugman @paulkrugman

There is, however, an argument that the economy is much more overheated than you would conclude just from the unemployment rate. Some economists arguing that the best measure isn't unemployment but the ratio of vacancies to unemployment, which is very high. 4/ — PolitiTweet.org

Posted Oct. 4, 2022