{"id":189766,"date":"2010-02-16T09:29:00","date_gmt":"2010-02-16T14:29:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2010\/02\/16\/nice-that-paul-krugman-has-come-around-to-my-way-of-thinking\/"},"modified":"2010-02-16T09:29:00","modified_gmt":"2010-02-16T14:29:00","slug":"nice-that-paul-krugman-has-come-around-to-my-way-of-thinking","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2010\/02\/16\/nice-that-paul-krugman-has-come-around-to-my-way-of-thinking\/","title":{"rendered":"Nice that Paul Krugman Has Come Around to My Way of Thinking"},"content":{"rendered":"<p>I&#8217;m not saying that it was a result of anything that I did, but he is now arguing that our economy needs &#8220;<a href=\"http:\/\/krugman.blogs.nytimes.com\/2010\/02\/13\/the-case-for-higher-inflation\/?partner=rss&amp;emc=rss&amp;pagewanted=all\">modestly higher inflation<\/a>,&#8221; though he is talking more about problems in the Euro zone, as opposed to those in the US.<\/p>\n<p>He does include the US though when he talks admiringly of a paper by Olivier Blanchard which notes that with higher inflation, a central bank has more room to cut rates before hitting the zero bound.<\/p>\n<p>I would also note that he is still talking about rather modest inflation; a 4% instead of 2% target, while I would go for 6-8% for the next 3 years.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I&#8217;m not saying that it was a result of anything that I did, but he is now arguing that our economy needs &#8220;modestly higher inflation,&#8221; though he is talking more about problems in the Euro zone, as opposed to those in the US. He does include the US though when he talks admiringly of a &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[973,1200],"tags":[],"class_list":["post-189766","post","type-post","status-publish","format-standard","hentry","category-economy","category-inflation"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/189766"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=189766"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/189766\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=189766"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=189766"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=189766"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}