Krugman is such a joke. Talk about using cherry picked statistics to lie. Inflation raised prices year over year since the day Biden took office. Prices are high and are getting higher.
Figures don’t lie but liars can figure.
Krugman claims to be an economist but he doesn’t seem to know about something very basic to economics to wit inflation. Price rises are NOT inflation. Inflation is an increase in the sock of money or alternately, an increase in the stock of money beyond the increase of productivity. Rising prices result from inflation but some prices actually fall as people reorder their priorities as the value of their money declines. The prices of basic necessities rise faster than the prices of luxuries which may not rise or may even drop as people don’t buy them any more.
“The war on inflation is over” because the Regime is surrendering to it? The necessary reduction in spending is being fought against pretty hard which indicates we have not only given up but have taken the side of the Inflation enemy.