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Paul Krugman@pkrugman.bsky.social |
I haven’t been paying as much attention as usual to inflation indicators. But we’ve been getting a string of good news. One source of inflation pessimism was the high ratio of job openings to unemployed workers. That issue has now gone away, with unemployment still very low 1/
8 replies 36 reposts 119 likes
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SF Tomato Whisperer
@firehorse.bsky.social
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@skyview.social unroll
1 replies 0 reposts 0 likes
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SF Tomato Whisperer
@firehorse.bsky.social
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@skyview.social unroll
0 replies 0 reposts 0 likes
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SF Tomato Whisperer
@firehorse.bsky.social
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@skyview.social unroll
0 replies 0 reposts 0 likes
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Paul Krugman
@pkrugman.bsky.social
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Underlying inflation is also low. I like the New York Fed’s measure, in large part because it’s an algorithm that doesn’t involve judgement calls and hence possible motivated reasoning. It’s within spitting distance of the 2 percent target 2/
2 replies 8 reposts 72 likes
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Ace
@dygytylace.bsky.social
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unemployment is high as fuck if you use the pre-Reagan criteria
1 replies 0 reposts 0 likes
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Larry Burris
@lpburris.bsky.social
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But will Citizens believe it?
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@allandnone.bsky.social
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"it’s an algorithm that doesn’t involve judgement calls and hence possible motivated reasoning." All algorithms are judgements calls, sir.
1 replies 0 reposts 1 likes
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Anadarko
@anadarkocapital.bsky.social
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Delete your account
0 replies 0 reposts 0 likes