Paul Krugman

@paulkrugman ↗

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Last Checked Oct. 26, 2022

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Mon Oct 10 12:09:14 +0000 2022

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Paul Krugman @paulkrugman

Gonna put up that Stock-Watson picture again. The relationship between u and rate of change in inflation disappeared completely more than 20 years ago 8/ https://t.co/SY3q4R7r3B — PolitiTweet.org

Posted Oct. 10, 2022

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Paul Krugman @paulkrugman

How much excess suffering? 1/b point-years of excess unemployment per point of excess inflation. That's the sacrifice ratio. An interesting if brutal concept. But also irrelevant to our current situation 7/ — PolitiTweet.org

Posted Oct. 10, 2022

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Paul Krugman @paulkrugman

Most likely explanation is that inflation expectations became "anchored", no longer reflecting recent actual inflation. And all indications are that they're still anchored. E.g., look at Michigan survey over time 9/ https://t.co/iTXLLMZ3tc — PolitiTweet.org

Posted Oct. 10, 2022