Paul KrugmanJan 1, 2023
Continuing this discussion. Again, Olivier is tapping into an important point often missed in monetary/macroeconomics: in the end, it all comes down to individual motives and decisions 1/ https://twitter.com/ojblanchard1/status/1609000406184591360
Olivier Blanchard on Twitter

“1. Answering John Cochrane: no contradiction: Higher aggregate demand leads everybody to want to increase their price relative to others. This is a distributional conflict in which everybody wants more, leading to increasing and increasing prices, i.e. inflation.”

Twitter
Show threadKen FarinskyJan 1, 2023
@pkrugman
A technical note about Mastodon, there is a way to "thread" together multiple posts. It's probably different on every platform. Android FediLab has a '+' next to the post being written.
Show threadKen Farinsky
@pkrugman
For instance, this post is threaded with the above response. We're all learning the new service together, hope this helps!
Jan 1, 2023 at 6:44pmWeb