Paul Krugman

@paulkrugman ↗

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Last Checked Nov. 4, 2022

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Thu Oct 13 19:39:14 +0000 2022

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Paul Krugman @paulkrugman

But CPI shelter prices lag new rental rates by a year — and we've just experienced an epic surge in rental rates, but one which seems to have peaked. This makes median a poor guide to the question of the day, which is how overheated the economy is right now 5/ — PolitiTweet.org

Posted Oct. 13, 2022

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Paul Krugman @paulkrugman

This isn't necessarily a condemnation of the median! Shelter is a big component of prices, and usually not volatile. So median might well be a better measure of underlying inflation than prices ex-food and energy 4/ — PolitiTweet.org

Posted Oct. 13, 2022

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Paul Krugman @paulkrugman

Are people really saying this? Ben left 8 years ago. Lags may be long and variable, but not that long. — PolitiTweet.org

Don't blame Ben Bernanke: https://t.co/7MgqJq0uWK

Posted Oct. 13, 2022