So, I've been noticing a real change in tone in discussions of inflation by sophisticated observers: much more talk about inflation coming down fast, maybe without recession. Where's this coming from? 2/
@pkrugman The same partisans who wanted inflation to be Biden’s fault and made moves to make it happen? The price of oil dropped the day after the election, right?
@pkrugman Paul, you need to create a thread in the same way you do on Twitter, by replying to your previous post. If you use IOS, download Metatext app (Tusky for Android) which converts the mastodon app into a Twitter-like interface.
@pkrugman My personal theory: this is the commentary catching up with the data you’ve been observing, now that the election is over and the incentive to keep people frightened has dissipated.
@pkrugman is some of it from a slightly more optimistic view of hydrocarbon supply? That a warm start to winter keeps Euro diesel and gas from spiking in early 2023? (Of course, that’s me looking at it as a energy economist)
@pkrugman is some of it from a slightly more optimistic view of hydrocarbon supply? That a warm start to winter keeps Euro diesel and gas from spiking in early 2023? (Of course, that’s me looking at it from an energy economics angle)