Posted on 02/14/2022 10:13:20 AM PST by JV3MRC
New York Times economist Paul Krugman must be a glutton for punishment. He’s gone from spending months downplaying the surging inflation threat, to admitting he was wrong on inflation, to now dismissing it altogether as a crisis.
Krugman appeared on the Feb. 11 edition of Bloomberg TV’s Balance of Power to discuss how the Federal Reserve shouldn’t use “shock therapy” when it comes to finally raising interest rates from zero. After conceding that there was “underlying overheating” in the economy that demands the Fed consistently raise rates to fight off inflation, Krugman then spiraled into spewing utter nonsense: “It’s not a crisis.” That’s an asinine way to characterize inflation hitting the highest level in 40 years (7.5 percent). But Krugman didn’t stop there: “I don’t see any sign yet that inflation has gotten entrenched in the economy.”
(Excerpt) Read more at newsbusters.org ...
Krugman is a hyper partisan political activist masquerading as an “economist”, whose economic nostrums consist solely of “Republicans bad, Democrats good”.
“New York Times economist Paul Krugman”
New York Slimes alleged economist Paul Krugman
There, fixed it
In addition, he is as much an economist as Fauci is a Doctor that follows the science.
For having a phd this guy is an idiot.
Economics can make sense. Real economics has been known since Adam Smith's 'Wealth of Nations'. The issue is REAL economics is in conflict with what politicans want people to believe. 'There is no such thing as a free lunch' , which REAL economics teaches is not the 'Free Stuff' politicans want you believe. Politicans and their willing stooges will always push the lies over truth.
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