Paul Krugman

@paulkrugman ↗

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Last Checked Nov. 13, 2022

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Mon Oct 17 15:49:41 +0000 2022

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Paul Krugman @paulkrugman

The closest parallel would be the conversion to a peacetime economy after WW2 — which was marked by a huge productivity decline 2/ https://t.co/qezuDU140W — PolitiTweet.org

Posted Oct. 17, 2022

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Paul Krugman @paulkrugman

One question is, but what if productivity keeps declining? But way too soon to take the declines of first half of 2022 as a trend. After all, we've experienced huge disruptions as workers were laid off then hired again in the pandemic 1/ — PolitiTweet.org

A quick note: Anyone who is both predicting a nasty recession *and* calling for big rate hikes isn't making sense.… https://t.co/J5xCWj3rTb

Posted Oct. 17, 2022

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Paul Krugman @paulkrugman

Which was then followed by a generation-long productivity boom. We don't know that the recent slump is, um, transitory, but way too soon to call it a trend 3/ — PolitiTweet.org

Posted Oct. 17, 2022