Paul Krugman

@paulkrugman ↗

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Last Checked Oct. 30, 2022

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Wed Oct 12 12:06:43 +0000 2022

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Paul Krugman @paulkrugman

At this point, however, hard-liners who want the Fed to keep tightening are relying on arguments that seem to me to be just conceptually wrong, indeed involve implicitly rejecting what I thought were generally accepted principles. 3 arguments in particular 3/ — PolitiTweet.org

Posted Oct. 12, 2022

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Paul Krugman @paulkrugman

In 2021 both sides agreed on the conceptual basics: big fiscal outlays would be stimulative and potentially inflationary. So it was a quantitative argument about the size of those effects, and the pessimists were right 2/ — PolitiTweet.org

Posted Oct. 12, 2022

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Paul Krugman @paulkrugman

First, there's the argument that the continuing tightness of U.S. labor markets says that we still haven't tightened enough. This seems odd given what I thought was a universal view that monetary policy works with substantial lags 4/ — PolitiTweet.org

Posted Oct. 12, 2022