Paul Krugman

Paul Krugman @paulkrugman

This is a very good analysis of where we appear to be at right now 5/ https://t.co/tF5JsX1jUI — PolitiTweet.org

Paul Krugman @paulkrugman

This doesn't say that the inflation will necessarily be transitory, although I think that's still the best bet. But it is important to realize that the story is more complicated than excessive stimulus 4/ — PolitiTweet.org

Paul Krugman @paulkrugman

What's happened, however, is that we've faced supply constraints, both supply-chain issues in meeting huge demand for durable goods and withdrawal of workers from the labor force, i.e. Great Resignation 3/ — PolitiTweet.org

Paul Krugman @paulkrugman

Real final demand (excluding inventories) is up 2.6% over the past two years. That's well short of normal growth in potential output 2/ https://t.co/CK4M5DpkQm — PolitiTweet.org

Paul Krugman @paulkrugman

Trying to clarify my own thoughts on inflation. I got inflation wrong; I didn't see the current surge coming. But why? I didn't think the fiscal stimulus early this year would boost demand as much as Summers et al predicted ... and, in fact, so far it hasn't 1/ — PolitiTweet.org

Paul Krugman @paulkrugman

RT @TheStalwart: Republicans feel worse about the economy today than they did in March 2009. I know someone is going to accuse me of being… — PolitiTweet.org

Paul Krugman @paulkrugman

Inflation is up in Europe too, which suggests that it's not mainly about US policy https://t.co/EhEWCvprtX — PolitiTweet.org

Paul Krugman @paulkrugman

RT @GC_CUNY: ICYMI, the video of this week's event "Imagining the Future: #ScienceFiction & Social Science" is now up! https://t.co/FcaxRUY… — PolitiTweet.org

Paul Krugman @paulkrugman

It turns out that this suspicion is shared by ... the Michigan survey 2/https://t.co/DdTtvDJyOG — PolitiTweet.org

Paul Krugman @paulkrugman

The other day I suggested that partisanship might have disconnected results like the Michigan survey index of consumer confidence from reality 1/ https://t.co/EJrwISfEgz — PolitiTweet.org

Paul Krugman @paulkrugman

And of course God help you if you express skepticism about cryptocurrency 3/ — PolitiTweet.org

Paul Krugman @paulkrugman

Say that we're being lied into war, or Donald Trump is a Russian stooge, and you get yawns. Say that increasing the money supply doesn't necessarily bring hyperinflation, or that the gold standard doesn't make sense, and you get spittle-flecked rants 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

Getting some reactions to today's col, which confirm a long-standing observation: Nothing enrages people as much as monetary analysis 1/ https://t.co/DU09TUH1Dz — PolitiTweet.org

Paul Krugman @paulkrugman

RT @TheStalwart: Why does the trucking industry have such a hard time retaining drivers? How many people want to have a career that involve… — PolitiTweet.org

Paul Krugman @paulkrugman

Lessons from the Truman years, which are more relevant to current inflation than the 1970s https://t.co/DU09TUH1Dz — PolitiTweet.org

Paul Krugman @paulkrugman

Also for reference: wage increases much bigger for low-wage workers https://t.co/I8UtIdJm16 — PolitiTweet.org

Paul Krugman @paulkrugman

RT @JanetGornick: The CUNY Graduate Center & the Stone Center tackle science fiction. It was a fantastic (not literally) discussion of wor… — PolitiTweet.org

Paul Krugman @paulkrugman

Putting this up for reference: the US economy looks overheated right now, but real GDP is still below where you would have expected from the pre-pandemic trend (assuming 2% growth). Presumably supply-chain plus Great Resignation https://t.co/v7GdXo9lGX — PolitiTweet.org

Paul Krugman @paulkrugman

At least possible that we're seeing the effects of different consumption mix, rather than macroeconomics. But I don't have time to work through tonight 5/ — PolitiTweet.org

Paul Krugman @paulkrugman

So ultimate impact on consumer prices lower in Europe? Needs some more homework. Do HICP weights across Europe v US reflect consumption baskets? 4/ — PolitiTweet.org

Paul Krugman @paulkrugman

Data 3/ https://t.co/lh6bn0Gko1 — PolitiTweet.org

Paul Krugman @paulkrugman

Europe has very high gas prices, but that's largely taxes. Actual gasoline consumption is much lower than here 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

Definitely an interesting question. One factor may be gasoline. By my read of the data, gas accounts for almost 2 percentage points of US inflation over the past 12 months 1/ — PolitiTweet.org

Paul Krugman @paulkrugman

RT @chrislhayes: The entire economy feels a bit like the moment a big concert or playoff game ends and everyone's trying to get out of the… — PolitiTweet.org

Paul Krugman @paulkrugman

RT @GC_CUNY: This Wed (11/10 @ 7:30p) don't miss "Imagining the Future: #ScienceFiction & Social Science"! Register: https://t.co/EJzAXb8zW… — PolitiTweet.org

Paul Krugman @paulkrugman

CRFB — which is obsessed with deficits and tends to be anti-spending — actually finds that BBB is more or less paid for. If it falls $200 billion short, that will add (checks) *minus* $20 billion a year in real debt service https://t.co/GK4KWqodoA — PolitiTweet.org

Paul Krugman @paulkrugman

People are doing pretty well, but imagine bad things are happening to someone else. Also, Fox is showing photos of empty shelves — from last year https://t.co/EJrwISfEgz — PolitiTweet.org

Paul Krugman @paulkrugman

Why do we have a shortage of truck drivers and warehouse workers? It's a deep mystery https://t.co/SoYtAQb8An — PolitiTweet.org

Paul Krugman @paulkrugman

This debunking is also a useful summary of what's in the infrastructure bill. Yes, water and sewage systems are infrastructure. https://t.co/RP4QH96myI — PolitiTweet.org

Paul Krugman @paulkrugman

It's amazing what we can do if we cut through the nonsense https://t.co/NePgdtACW9 — PolitiTweet.org