Paul Krugman

@paulkrugman ↗

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Last Checked Oct. 29, 2022

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Tue Oct 11 14:57:43 +0000 2022

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Paul Krugman @paulkrugman

Precisely. If we're concerned that the economy is running too hot, policy should reflect how hot it's running now, not how hot it was running a year ago. The BLS study showing long lags in measured CPI rent is a reason to pay less attention to measured core 1/ — PolitiTweet.org

Posted Oct. 11, 2022

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Paul Krugman @paulkrugman

But it's a bad take. Banks are valuable because of the function they serve, not because deposits are part of M1 or M2. A banking crisis matters because it degrades that function, not because it reduces some monetary aggregate 3/ — PolitiTweet.org

Posted Oct. 10, 2022

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Paul Krugman @paulkrugman

The various private rent measures, which all basically measure rent on new apartments, vary, but they all show a rapidly cooling market 2/ — PolitiTweet.org

Posted Oct. 11, 2022