Paul Krugman

Paul Krugman @paulkrugman

By the way, the slowdown is really pronounced in manufacturing 3/ https://t.co/ym4vi98RnA — PolitiTweet.org

Paul Krugman @paulkrugman

Far from seeing a huge, job-destroying surge in productivity, we're seeing very slow productivity gains 2/ https://t.co/18TX1h1KLz — PolitiTweet.org

Paul Krugman @paulkrugman

Will Andrew Yang actually become mayor? Will he be any good? I have no idea. I do know that he's dead wrong on his signature issue 1/ https://t.co/JjoU71Fy3U — PolitiTweet.org

Paul Krugman @paulkrugman

If this were the former team, they'd be preparing to label any inflation spike "fake news" 3/ — PolitiTweet.org

Paul Krugman @paulkrugman

Their best guess is that inflation won't be a problem, but they're aware that they might be wrong, and are keeping track in case they are and a response is needed 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

From the headline, you might think this was an expose — see, they say they're not worried about inflation, but actually they are. In fact, it shows that we have grownups running the country 1/ https://t.co/7ux4XS1D1b — PolitiTweet.org

Paul Krugman @paulkrugman

Recalling a great book about the hopeless attempt to pacify Afghanistan — by Alexander the Great's Macedonians https://t.co/SfdPEQXbDs — PolitiTweet.org

Paul Krugman @paulkrugman

RT @adam_tooze: The White House logic on funding Jobs Plan seems entirely wrong headed. Long term investment should be debt funded and will… — PolitiTweet.org

Paul Krugman @paulkrugman

Also the product life cycle theory of international trade, which emphasized diffusion of innovations — like peanut M&Ms, I guess — across nations — PolitiTweet.org

Paul Krugman @paulkrugman

So, today's CPI was a big meh. Not even much sign yet of the bottleneck blip in inflation even I expect to see for much of this year. — PolitiTweet.org

Paul Krugman @paulkrugman

Why? Because mainstream economics says that any inflation threat from overheating can be contained by monetary policy; MMTers don't believe in monetary policy, for unclear reasons, so their doctrine gives more reason to worry 3/ — PolitiTweet.org

Paul Krugman @paulkrugman

One side note: some progressives have embraced MMT — without knowing quite what it means, because nobody does — because they think it's more favorable to their agenda than mainstream economics. But right now it's the opposite! 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

Can I say how weird it is to see the US reemerging as a role model for policy? Anyway, Simon Wren-Lewis explains why Biden-style aggressive stimulus is the right way to go 1/ https://t.co/EBpquD27DD — PolitiTweet.org

Paul Krugman @paulkrugman

Good explanation of reasons not to get excited about today's inflation number https://t.co/BeolziPHAQ — PolitiTweet.org

Paul Krugman @paulkrugman

And no, globalization hasn't made unions obsolete. Lots of other countries have retained strong union movements 2/ https://t.co/YrCGoOheYl — PolitiTweet.org

Paul Krugman @paulkrugman

The relatively equal society we had for a generation after World War II depended on strong unions 1/ https://t.co/010JJGf6Jl — PolitiTweet.org

Paul Krugman @paulkrugman

RT @nytopinion: "We don’t need strong unions just to level the economic playing field," @PaulKrugman writes. "We also need them to level th… — PolitiTweet.org

Paul Krugman @paulkrugman

Shamelessness remains their superpower — PolitiTweet.org

Paul Krugman @paulkrugman

Very similar to my own views 2/ https://t.co/BPoXFPL5HG — PolitiTweet.org

Paul Krugman @paulkrugman

Alarmingly sensible. The message: don't panic over a short-term inflation blip, but do stay vigilant against the possibility of expectations getting untethered 1/ https://t.co/nZWscyRwXC — PolitiTweet.org

Paul Krugman @paulkrugman

Robert Mundell had a sort of K-shaped legacy. His early work laid a foundation that helped International macro stay Keynesian despite his later adoption as a mascot by supply-siders https://t.co/I67VLfc670 — PolitiTweet.org

Paul Krugman @paulkrugman

I wrote about Robert Mundell's career and contributions. Interesting story: much of his public role came from views at odds with his earlier models. And economists followed the models, not the man https://t.co/I67VLfc670 — PolitiTweet.org

Paul Krugman @paulkrugman

With Robert Mundell — an utterly different kind of person, but both in the same firmament — passing a few days ago, it feels as if we're drawing the curtain on an era 4/ — PolitiTweet.org

Paul Krugman @paulkrugman

And I've long been indebted to him for the phrase "the doctrine of immaculate transfer," for claims that capital movements can somehow take place without changes in real exchange rates to induce the corresponding trade imbalances 3/ — PolitiTweet.org

Paul Krugman @paulkrugman

Williamson also devised the "crawling peg" exchange rate system, which helped developing countries escape from repeated balance of payments crises. 2/ https://t.co/cjzMEtyIHI — PolitiTweet.org

Paul Krugman @paulkrugman

Email from Peterson Institute for International Economics: John Williamson died yesterday. A lovely person and a major contributor to international economics — among other things coined the term "Washington Consensus" 1/ https://t.co/QrlNXcPilt — PolitiTweet.org

Paul Krugman @paulkrugman

So right now, Don't Panic. By all means let's stay alert about possible inflationary overheating some months down the road, but the bottleneck inflation we'll see in the short term should be discounted 6/ — PolitiTweet.org

Paul Krugman @paulkrugman

There were a lot of people calling on the Fed to slam the brakes, even though as we now know we were already in recession. The Fed stayed calm; the ECB didn't 5/ https://t.co/uSy4IBV1tT — PolitiTweet.org

Paul Krugman @paulkrugman

And headline inflation — but not core inflation — soared 4/ https://t.co/vHBSWVeHOu — PolitiTweet.org

Paul Krugman @paulkrugman

A fairly recent historical precedent: early 2008, when rising global demand hit bottlenecks in commodity production. Commodity prices really surged 3/ https://t.co/R6ETWzKwlT — PolitiTweet.org