Posted on 11/16/2021 10:14:55 AM PST by JV3MRC
New York Times economist Paul Krugman appears to have finally admitted defeat on the issue of inflation, adding another notch to his belt of being consistently wrong on economic issues.
In a shocking Tweet, Krugman conceded: “I got inflation wrong; I didn't see the current surge coming. But why? I didn't think the fiscal stimulus early this year would boost demand as much as [economist Larry Summers] et al predicted.”
(Excerpt) Read more at newsbusters.org ...
DUH.
Krugman got his entire life wrong.
Tell me when he gets something right.
They call this guy an economist?
Your life got it wrong, Paul. You stinking communist.
I wouldn’t expect much accuracy from a “New York Times economist”.
And Enron paid this clown for this kind of analysis. We all know how that turned out.
Don’t worry—we can rely on the “experts” even if they get it wrong all the time!
Paul, Paul, Paul.......
Your a keynesian economist. The questions aren’t: if you got inflation wrong. Your prediction that Trump would fail economically, wrong. The idea that Obama’s infrastructure stimulus would kick start the economy wrong. Recovery summer would happen during Obama’s first year. Well, for that matter just about everything you have said since you went full on Liberal retard wrong.
The question for me, is did you every really deserve a Nobel Prize in Economics in the first place, and when are people going to realize that Keynesian economics fails over and over.
he even gets wrong why he got it wrong.
paul’s a dud, man.
Paul Krugman has never done anything meaningful ever except lie for the left.
That’s it.
He got inflation wrong in that he didn’t tell us he saw it coming. Now he says he got it wrong because he didn’t foresee the demand. Even I with a junior college education can tell that inflation has to do with demand only what it has to do with supply. The basic concept of supply and demand that underpins all economics for all of history is easily understood by anyone who has ever had to work to make a living. You want to get paid as much as you can while paying as little as possible. Krugman gets to call himself an economist by overcomplicating very basic concepts. Experts are just people who know a lot of words.
Hey Paul, when more money chases fewer goods the general price level does what?
if you give people more money... that increases demand which increases prices.
Simple basic supply and demand.
Don’t tell SaxxonWoods. He thinks everything is perfectly sound with the economy and it’s only going to get better.
Inflation concerns are only for the pessimistic!
Paul Krugman Admits, ‘I Got Inflation Wrong’
And everything else so far, but who is keeping track of that?
When has he been right?
Amazing a that PhD Economist and Nobel prize winner in Economics (yeah unbelievable isn’t it !) didn’t think that a fundamentalattack on the basic starting point of any economy - energy would not result in inflation ?
I knew that would happen ! Where’s my Nobel Prize in economics ? Ok I will settle for a univesity granting me a PhD in Econ. The diploma will fill up an empty space on my home office wall.
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