Paul Krugman

@paulkrugman ↗

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Last Checked April 3, 2023

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Wed Feb 01 13:36:00 +0000 2023

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Paul Krugman @paulkrugman

I've argued all along that this view required rejecting standard macroeconomics: after all, sticky inflation expectations are what lie behind textbook models of "clockwise spirals" in unemployment and inflation, and expectations seemed anchored 7/ — PolitiTweet.org

Posted Feb. 1, 2023

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Paul Krugman @paulkrugman

The view Larry Summers and other have been propounding is that despite the speed with which inflation shot up, disinflation would be a slow, grinding process comparable to what happened in the 1980s, with what appeared to be a high "sacrifice ratio" 6/ https://t.co/rMl6KeK4Ep — PolitiTweet.org

Posted Feb. 1, 2023

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Paul Krugman @paulkrugman

But anyway, the soft landing story was that went up with shocking speed could also come down with shocking speed. 8/ https://t.co/N8MMZEsb00 — PolitiTweet.org

Posted Feb. 1, 2023