Paul Krugman

Paul Krugman @paulkrugman

Why globalization didn't restrain Putin, and may even have encouraged him https://t.co/wzzW6P9jE7 — PolitiTweet.org

Paul Krugman @paulkrugman

RT @nytopinion: In terms of getting people back to work and facilitating a solid economic recovery, @paulkrugman argues that “actually Bide… — PolitiTweet.org

Paul Krugman @paulkrugman

For now, the Fed should keep calm and hike on — avoiding both panicky rate rises and premature easing 4/ — PolitiTweet.org

Paul Krugman @paulkrugman

For example: 3/ https://t.co/GFNSj3ld65 — PolitiTweet.org

Paul Krugman @paulkrugman

Sure enough, people close to the data are seeing signs of a rather drastic turn in freight rates, and — possibly — making too much of them 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

Yesterday I warned that we may be about to see a drop-off in inflation because of the bullwhip effect, which will *not* mean that the underlying problem of an overheated economy is over 1/ https://t.co/UlB7OGTBUB — PolitiTweet.org

Paul Krugman @paulkrugman

Very much what I've been saying — but wow, the hostility you get from some of my colleagues when you point out surveys showing that people aren't hearing the good jobs news ... https://t.co/YbfTFJmgyB — PolitiTweet.org

Paul Krugman @paulkrugman

Likely to be a very confusing few months, and I may well find myself *less* dovish than some other economists 9/ — PolitiTweet.org

Paul Krugman @paulkrugman

Much more important is whether the economy is cooling off — which it very well might. Fed funds rate has barely risen, but expectations have driven interest rates relevant to real activity much higher 8/ https://t.co/s7rReaNuhf — PolitiTweet.org

Paul Krugman @paulkrugman

That could mean a fall in headline inflation — but would not end stagflation dangers if the job market stays this tight. So I would not advise the Fed to call off rate hikes after a couple of low CPI prints 7/ — PolitiTweet.org

Paul Krugman @paulkrugman

I'm not ready to drop that theory yet. By the way, that goes in both directions. There are early indications that the bullwhip effect may lead to a sharp drop in shipping rates and maybe even some commodity prices soon 6/ https://t.co/QcZVnQy63c — PolitiTweet.org

Paul Krugman @paulkrugman

The Putin disruption, less so — even though it is hurting real incomes everywhere. The theory of core inflation, in which swings in volatile prices like food and energy (and now used cars!) don't have much impact on longer-run inflation, has been a smashing success 5/ https://t.co/Vd2OWr9l49 — PolitiTweet.org

Paul Krugman @paulkrugman

If we get to an economy where everyone gets 6% annual wage increases bc they expect everyone else to be getting 6% annual wage increases, that's stagflation 4/ — PolitiTweet.org

Paul Krugman @paulkrugman

This looks like an overheated labor market 3/ https://t.co/DVoIPkYJBE — PolitiTweet.org

Paul Krugman @paulkrugman

To start with what *does* worry me, it's mainly labor markets. High wages are good, but unsustainably high wage growth isn't 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

This is part of a very thoughtful thread about stagflation risks, but this particular point is one I disagree with 1/ — PolitiTweet.org

Paul Krugman @paulkrugman

RT @KenRoth: Germany imposed far greater economic and social consequences on the countries of southern Europe in the name of economic auste… — PolitiTweet.org

Paul Krugman @paulkrugman

Oh, and she also made (and I loved) vareniki — except she called them kreplach (presumably Yiddish for "little crepes") 4/ https://t.co/9bahfhgriS — PolitiTweet.org

Paul Krugman @paulkrugman

Being Jewish, she didn't make the true Ukrainian national dish, salo — cured pork fat. I have in fact had it, and it's ... tolerable when washed down with horseradish vodka 3/ https://t.co/jsQT7DywJD. — PolitiTweet.org

Paul Krugman @paulkrugman

My grandmother, who was from Ukraine, made borscht. She also made a green cold soup I remembered as "pschav", but could never find described anywhere. But now I know: it was Schav borscht, made with sorrel 2/ https://t.co/hraqbzs8PM — PolitiTweet.org

Paul Krugman @paulkrugman

Silly, but did inspire me to do some family-related research 1/ — PolitiTweet.org

Paul Krugman @paulkrugman

I understand that they're trying to recruit the "This is fine" dog as their mascot — PolitiTweet.org

Paul Krugman @paulkrugman

The surprising common themes in environmentalism and embargoes on war criminals https://t.co/ok5EZsv1dH — PolitiTweet.org

Paul Krugman @paulkrugman

Media narratives would be kind of different if we were all looking at the Conference Board index, wouldn't they? 3/ — PolitiTweet.org

Paul Krugman @paulkrugman

But the Conference Board — hardly a fly-by-night org — says that consumers consider today's situation as bad as ... 2017 2/ https://t.co/goGdd4eiTN — PolitiTweet.org

Paul Krugman @paulkrugman

Thanks to @TheStalwart for pointing out that there are actually two major indices of consumer sentiment — and they're telling very different stories. Everyone cites Michigan, which says people consider current conditions to be as bad as 2009 1/ https://t.co/CjAf3bnR22 — PolitiTweet.org

Paul Krugman @paulkrugman

At this point I'm fanatically agnostic about what will happen to inflation over the next year or so 3/ — PolitiTweet.org

Paul Krugman @paulkrugman

I've been burned before by grasping at data that seem to show problems ebbing, so no grand pronouncements here. Just worth noting that for now supply-chain data are suggesting an easing 2/ https://t.co/js76mrDBGv — PolitiTweet.org

Paul Krugman @paulkrugman

I suspect most people will read this headline wrong and imagine that freight rates are skyrocketing. Actually they're plunging, although still far above normal levels 1/ https://t.co/jHUCUucipY — PolitiTweet.org

Paul Krugman @paulkrugman

Germany's refusal to slash imports of Russian gas is deeply destructive and hypocritical — apparently only other countries should pay a price for being irresponsible https://t.co/XQMNYvuyzd — PolitiTweet.org