Paul Krugman

@paulkrugman ↗

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Last Checked Oct. 30, 2022

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Wed Oct 12 12:09:52 +0000 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

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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

We know that the strong dollar will take a while to hit trade flows; mortgage rate rises are clearly having a big effect on housing, but construction employment has yet to decline. Surely much of the impact of the tightening so far lies in the future? 5/ — PolitiTweet.org

Posted Oct. 12, 2022