A few more thoughts on the current inflation environment — partly to clarify things for myself. Right now we have ~7% inflation (last three months on PCE deflator, annualized); underlying inflation much lower 1/
— Paul Krugman (@paulkrugman) June 18, 2022
A few thoughts on the political economy of inflation, which are deeply unfair — and also may not play out quite how everyone thinks 1/
— Paul Krugman (@paulkrugman) June 17, 2022
Sad! 