Paul Krugman @paulkrugman
And I found the reference — not Martin Baily but a comment by Bill Nordhaus on a 1976 paper by Baily 1/ https://t.co/y4nQsO9jlq — PolitiTweet.org
Paul Krugman @paulkrugman
I think this came from Martin Baily in the 70s. Anyway, one way to think about inflation is that it's like a sport… https://t.co/11dwAepYII