Paul Krugman: The case for the Goldilocks economy

Can we balance the desire for lower unemployment and lower inflation?

(Ashley Gilbertson | The New York Times) Masked pedestrians near Grand Central Terminal in New York, Sept. 30, 2020. Economic policy in 2021 was actually pretty good. In fact, given the dislocations associated with a continuing pandemic, we ran what was in effect a Goldilocks economy, one that was neither too cold nor too hot, Paul Krugman writes.

Paul Krugman: The case for the Goldilocks economy

Can we balance the desire for lower unemployment and lower inflation?

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