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Paul Krugman

@paulkrugman ↗

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Last Checked Oct. 21, 2022

Created

Wed Oct 05 20:18:47 +0000 2022

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Paul Krugman @paulkrugman

The wage between the big fall in rates in summer 1982 and Morning in America was shorter, but still ~6 months 4/ — PolitiTweet.org

Posted Oct. 5, 2022

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Paul Krugman @paulkrugman

But look at the 1981-2 recession, which was a relatively pure case of the Fed hitting the economy upside the head. Long-term interest rates peaked in Sept. 1981, unemployment more than a year later 3/ https://t.co/8V7KQIerDK — PolitiTweet.org

Posted Oct. 5, 2022

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Paul Krugman @paulkrugman

So right now we're probably just beginning to feel the outer edge of the storm. Lots of downdraft from monetary tightening that has already taken place coming in the months ahead. 5/ — PolitiTweet.org

Posted Oct. 5, 2022

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