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DEFEAT: Paul Krugman Admits, ‘I Got Inflation Wrong’
NewsBusters ^ | 11/16/2021 | Joseph Vazquez

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 ...


TOPICS: Business/Economy; Government; Politics
KEYWORDS: 2022election; 2024election; anthonyfauci; blogpimp; covidstooges; economy; election2022; election2024; inflation; joebiden; mediawingofthednc; newyork; newyorkcity; newyorkslimes; newyorktimes; nyt; obamacare; partisanmediashill; partisanmediashills; paulkrugman; vaccinemandates
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1 posted on 11/16/2021 10:14:55 AM PST by JV3MRC
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To: JV3MRC

DUH.


2 posted on 11/16/2021 10:15:17 AM PST by mewzilla (Those aren't masks. They're muzzles. )
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To: JV3MRC
DEFEAT: Paul Krugman Admits, ‘I Got Inflation Wrong’

Krugman got his entire life wrong.

3 posted on 11/16/2021 10:17:39 AM PST by Navy Patriot (Celebrate Decivilization)
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To: JV3MRC

Tell me when he gets something right.


4 posted on 11/16/2021 10:18:01 AM PST by Fido969 (45 is Superman!)
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To: JV3MRC

They call this guy an economist?


5 posted on 11/16/2021 10:18:07 AM PST by webheart (I thought I was helping by getting vaccinated but they say I didn’t help at all. )
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To: JV3MRC

Your life got it wrong, Paul. You stinking communist.


6 posted on 11/16/2021 10:21:49 AM PST by Luke21
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To: JV3MRC

I wouldn’t expect much accuracy from a “New York Times economist”.


7 posted on 11/16/2021 10:22:03 AM PST by windsorknot
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To: JV3MRC
People in Tech Are Mocking Paul Krugman After He Called Bitcoin 'Evil'
8 posted on 11/16/2021 10:22:16 AM PST by Enlightened1
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To: JV3MRC

And Enron paid this clown for this kind of analysis. We all know how that turned out.


9 posted on 11/16/2021 10:22:38 AM PST by NohSpinZone (First thing we do, let's kill all the lawyers)
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To: JV3MRC

Don’t worry—we can rely on the “experts” even if they get it wrong all the time!


10 posted on 11/16/2021 10:23:05 AM PST by cgbg (A kleptocracy--if they can keep it. Think of it as the Cantillon Effect in action.)
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To: JV3MRC

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.


11 posted on 11/16/2021 10:23:48 AM PST by Pete Dovgan
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To: JV3MRC

he even gets wrong why he got it wrong.

paul’s a dud, man.


12 posted on 11/16/2021 10:24:55 AM PST by teeman8r (Armageddon won't be pretty, but it's not like it's the end of the world or something )
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To: Navy Patriot

Paul Krugman has never done anything meaningful ever except lie for the left.

That’s it.


13 posted on 11/16/2021 10:25:11 AM PST by WeaslesRippedMyFlesh
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To: JV3MRC

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.


14 posted on 11/16/2021 10:25:55 AM PST by webheart (I thought I was helping by getting vaccinated but they say I didn’t help at all. )
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To: JV3MRC

Hey Paul, when more money chases fewer goods the general price level does what?


15 posted on 11/16/2021 10:27:34 AM PST by AndyJackson
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To: AndyJackson

if you give people more money... that increases demand which increases prices.

Simple basic supply and demand.


16 posted on 11/16/2021 10:30:36 AM PST by TexasFreeper2009
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To: JV3MRC

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!


17 posted on 11/16/2021 10:35:55 AM PST by Codeflier (Please stop calling these violent totalitarian collectivist Democrats, liberals. )
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To: JV3MRC

Paul Krugman Admits, ‘I Got Inflation Wrong’

And everything else so far, but who is keeping track of that?


18 posted on 11/16/2021 10:36:53 AM PST by Forlonge (The beginning of wisdom is to call things by their proper name. Confucius)
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To: JV3MRC

When has he been right?


19 posted on 11/16/2021 10:40:06 AM PST by RinaseaofDs
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To: JV3MRC

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.


20 posted on 11/16/2021 10:40:06 AM PST by Reily
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