Paul Krugman

@paulkrugman ↗

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Last Checked Dec. 11, 2022

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Sun Oct 30 20:16:03 +0000 2022

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Paul Krugman @paulkrugman

But won't bringing inflation down require a nasty recession. Maybe, or maybe not — that's an assertion, not a fact. And the standard economic model of stagflation, which depends on expectations, actually says not, since expected inflation hasn't risen much 5/ — PolitiTweet.org

Posted Oct. 30, 2022

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Paul Krugman @paulkrugman

So real wages of nonsupervisory workers actually higher than pre pandemic; real wages overall slightly down, but that's entirely bc of food and energy, driven by forces outside the US. Not the story you've probably heard 4/ — PolitiTweet.org

Posted Oct. 30, 2022

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Paul Krugman @paulkrugman

In short, there's a pretty good probability that we'll look back on how America handled the pandemic shock, mostly under Biden, and see it as a big success story 6/ — PolitiTweet.org

Posted Oct. 30, 2022