[billflax]

Inflation is a subtle means of theft.

[ClearCase_guy]

Krugman is a Looter. Of course he likes inflation.

[Carthego delenda est]

Krugman is an idiot.

[chessplayer]

Krugman makes enough money so inflation wouldn’t hurt him.

[Nucluside]

Krugman, as mentioned above, is an idiot. Like all liberals, Krugman is an elitist snob who secretly despises the poor. Inflation is also known as “the most cruel tax of all” precisely because the poor can least afford it.

[Noob1999]

How is it that this A-Hole still gets press????

What depraved parent would spend $50,000 per year to send Biffy or Buffy to Princeton to listen to Krugman or Blinder???

Truly, the stupidity is mind bogeling!!!

[CORedneck]

FUPK !!!!!!

We don't need inflation and it is a form of theft. Bad enough we are going through Jimmy Carter Again part of the way and I am old enough to remember Carter and the pain of inflation, not agin !

[tom h]

"Who is Paul Krugman kidding? Inflation is morally abhorrent"

Krugman should give back his Nobel Prize, and all other prizes and honors he's received throughout his life.

Everything, for that matter, except perhaps the ribbons he got in 3rd grade for winning chess tournaments.

[KarlInOhio]

The natural state of the economy is a slight amount of deflation. What used to take a certain amount of labor will take less labor in the future (exceptions for anything involving government which seems to take more labor each year). If the value of money is stable, the CPI will decrease slightly to reflect this increase in efficiency.

Any inflation is just those who produce new dollars from nothing (the government, Federal Reserve and banks though higher velocity of money) stealing from those who already have dollars and dollar denominated assets like bonds, life insurance and loans to other people.

[CharacterCounts]

The theory presumes businesses increase prices faster than workers’ wages raise effectively making labor inexpensive. When real salaries shrink, hiring accelerates.

Sure it does! After all, shrinking the buying power of workers means they are all going to purchase more goods.

The "logic" of the left escapes me.