Paul Krugman

Paul Krugman @paulkrugman

Suggesting that talking about falling gas prices is a risky political strategy seems odd to me, for several reasons 1/ https://t.co/j0ye1Of4BJ — PolitiTweet.org

Paul Krugman @paulkrugman

Fwiw, private surveys keep indicating a rapid drop in inflation. From S&P's PMI: https://t.co/FGQ5IMst9x — PolitiTweet.org

Paul Krugman @paulkrugman

It's not the debt, it's the politics https://t.co/e17OKqIfFN — PolitiTweet.org

Paul Krugman @paulkrugman

Sometimes, contempt for voters' intelligence can backfire https://t.co/hmPULMGFPU — PolitiTweet.org

Paul Krugman @paulkrugman

So, we just did Morning Joe https://t.co/cRmy6x52mW — PolitiTweet.org

Paul Krugman @paulkrugman

RT @GagnonMacro: From @paulkrugman “Maybe in a hot economy the relationship between GDP and inflation gets a lot steeper.” https://t.co/l9u… — PolitiTweet.org

Paul Krugman @paulkrugman

RT @nytopinion: In early 2021 there was a debate among economists about the likely consequences of the American Rescue Plan. Some warned th… — PolitiTweet.org

Paul Krugman @paulkrugman

At the supermarket! Have mainstream institutions ever before played such a big role in a pyramid scheme? https://t.co/IVu9oPDoQd — PolitiTweet.org

Paul Krugman @paulkrugman

And a friend texts me to say that Hannity featured "record high gas prices" on his show last night ... 9/ — PolitiTweet.org

Paul Krugman @paulkrugman

Not suggesting that any politician tell voters that they're whiners who shouldn't complain about gas prices. Still, in real terms prices at the pump comparable to 2011-2014 doesn't fit the narrative 8/ — PolitiTweet.org

Paul Krugman @paulkrugman

Gas actually isn't expensive by historical standards! It was cheap in the late 2010s, mainly because of the shale oil boom — which was a bubble, effectively consumers subsidized by naive lenders who financed money-losing projects 7/ — PolitiTweet.org

Paul Krugman @paulkrugman

Here are real gas prices in June 2022 dollars 6/ https://t.co/SJlpzIGlm7 — PolitiTweet.org

Paul Krugman @paulkrugman

But as Rs never get tired of reminding us, gas was $2 a gallon when Trump left office. That was partly because the economy was still depressed, but prices were relatively low in the Trump years. However, some historical perspective seems useful 5/ — PolitiTweet.org

Paul Krugman @paulkrugman

PS, using annual averages to minimize the rockets and feathers issue — what goes up comes down more slowly 4/ — PolitiTweet.org

Paul Krugman @paulkrugman

Which, given the historical relationship, suggests retail prices set to fall further, maybe to only a bit more than $4 3/ https://t.co/E4XaMOCUsg — PolitiTweet.org

Paul Krugman @paulkrugman

Wholesale prices are down even more 2/ https://t.co/PUDtePf97C — PolitiTweet.org

Paul Krugman @paulkrugman

Doing some homework on gas prices. As you probably know (but is Fox reporting it?) gas prices have come down significantly 1/ https://t.co/QUofQdU6g8 — PolitiTweet.org

Paul Krugman @paulkrugman

Some good news you may not have heard https://t.co/6pzLcbdG3j — PolitiTweet.org

Paul Krugman @paulkrugman

RT @nytopinion: Columnist @PaulKrugman responded to readers commenting on "Climate Politics Are Worse Than You Think." Join the conversatio… — PolitiTweet.org

Paul Krugman @paulkrugman

What's clear is that outside Donetsk RU forces are spread very thin, so that a UKR counteroffensive needn't involve the WW!-type attrition we've seen in the east. I guess we'll see 4/ — PolitiTweet.org

Paul Krugman @paulkrugman

So is this a similar piece of misdirection, or have drones and spy satellites simply made concealing a planned assault impossible? No idea. 3/ — PolitiTweet.org

Paul Krugman @paulkrugman

Eg Patton's phantom army created to fool the Germans into thinking D-Day would be at the Pas de Calais, the secret assembly of flanking force in the 1991 Gulf War, etc. 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

Interesting stuff, but also odd to read it spelled out so explicitly. Obv not my field, but 20th-century war was full of elaborate efforts to conceal the planned direction of attack 1/ https://t.co/7UhVJlmtH4 — PolitiTweet.org

Paul Krugman @paulkrugman

Or this 2/https://t.co/uYeCMqeQLT — PolitiTweet.org

Paul Krugman @paulkrugman

Just to point out the obvious, funny how Joe Manchin claims to be worried about inflation, but apparently isn't worried about this 1/ https://t.co/0r9kf3EkJl — PolitiTweet.org

Paul Krugman @paulkrugman

If I'm reading the schedules right, big data dump — PCE and ECI — on the 29th. Even then, however, there will still be room for people to believe what they want to believe 4/ — PolitiTweet.org

Paul Krugman @paulkrugman

The more important news is that all measures of medium-term inflation expectations are now fairly encouraging. What we don't know is how overheated the economy remains. And right now different measures yield different answers 3/ — PolitiTweet.org

Paul Krugman @paulkrugman

This presumably explains why market expectations of near-term inflation have plunged. So, in the name of consistency, I should point out in advance that if we get an encouraging print for July, much of the good news will probably be transitory 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

The investment newsletters I receive are more or less suddenly full of disinflation stories. Here, for example, is a checklist from Apollo'a Torsten Slok 1/ https://t.co/tUu82nYkJ2 — PolitiTweet.org

Paul Krugman @paulkrugman

RT @nytopinion: What’s behind the euro’s slide? Europe has tried to build prosperity on two pillars: cheap natural gas from Russia and, to… — PolitiTweet.org