Paul Krugman

@paulkrugman ↗

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Last Checked March 22, 2023

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Sat Jan 28 13:32:06 +0000 2023

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Paul Krugman @paulkrugman

Second, the current inflation debate is very different from the one that took place in 2021. Then, Team Transitory argued that despite large fiscal stimulus we wouldn't see a big rise in inflation; we were wrong, and have admitted that 3/ — PolitiTweet.org

Posted Jan. 28, 2023

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Paul Krugman @paulkrugman

Headline inflation is actually being held down by some clearly one-off things, like falling gas prices, but also being exaggerated by shelter prices that reflect a rent surge that ended many months ago. Overall it's more or less a wash, and the disinflation is real 2/ — PolitiTweet.org

Posted Jan. 28, 2023

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Paul Krugman @paulkrugman

But now the argument is between what we might call Team Stagflation and Team Soft Landing. Many of the same players, but in many ways a role reversal in arguments 4/ — PolitiTweet.org

Posted Jan. 28, 2023