@inthehands@hachyderm.io2025-06-20 02:29:44
Krugman outlines a constellation of possible causes around a core theme: extreme uncertainty.
“What does a business do in the face of this kind of uncertainty? It tries to avoid making commitments that it may soon regret.”
Krugman tries to tie it all to Trump’s recent actions, which is dubious: the post-college job market has been crap since 2022 or 2023; Krugman’s own graph suggests it started worsening circa 2018. The larger theme of uncertainty, however, fits that timeframe.
