Evidence receipt / belief
Published · transcript-backedPaul Krugman: belief
10 Oct 2018 Conversations with Tyler Paul Krugman on Politics, Inequality, and Following Your Curiosity
“Meanwhile, the economics that says that a 4 percent inflation rate makes a lot of sense, I think, is pretty strong.”
Source trail
Everything needed to verify it.
- Speaker
- Paul Krugman
- Attribution
- Verified speaker
- Claim type
- belief
- Recorded
- 10 Oct 2018
- Publisher
- Conversations with Tyler
Transcript context
…Cost-of-living adjustment. At the moment, it’s not the public is saying 4 percent inflation or 3 percent inflation is unacceptable. It’s all the central bankers who are there. I am actually old enough to remember a 4 percent inflation economy, which is the second half of the 1980s, and I don’t remember people complaining bitterly about inflation during those years. It felt OK. We shouldn’t be inventing a public objection without clear evidence that it’s really there. Meanwhile, the economics that says that a 4 percent inflation rate makes a lot of sense, I think, is pretty strong. The economics that said the 2 percent was enough has all turned out to be wrong, given the experience of the last 10 years. In your view, how well run is New York City as an entity?…
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