Paul Krugman

@paulkrugman ↗

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Last Checked April 3, 2023

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Fri Feb 24 18:14:20 +0000 2023

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Paul Krugman @paulkrugman

The big Biden stimulus was two years ago; its effects should be receding. The Fed has raised rates 450 basis points, and despite all the talk of financial conditions not responding, mortgage rates — where the rubber usually meets the road — are way up 2/ — PolitiTweet.org

Posted Feb. 24, 2023

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Paul Krugman @paulkrugman

While we shouldn't make too much of one month's report, pretty clear that economy is still running too hot, which isn't really a shock given everything else we know. The puzzle — and I'm genuinely puzzled, without strong priors or a political axe to grind — is why it's so hot 1/ — PolitiTweet.org

Posted Feb. 24, 2023

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Paul Krugman @paulkrugman

If you ask me, our big prediction problems now don't involve aggregate supply — what we're seeing is more or less consistent with a nonlinear Phillips curve — but aggregate demand. Why is spending so resilient? 3/ — PolitiTweet.org

Posted Feb. 24, 2023