Posted on 12/16/2021 8:27:55 AM PST by JV3MRC
A tectonic shift in the world of economics has taken place: New York Times economist Paul Krugman finally admitted that his detractors on inflation were right all along.
The leftist economist surprisingly conceded in a new op-ed that others have warned “that we may face something comparable to the stagflation of the 1970s. And credit where credit is due.” Then came the sticker shock: “So far, warnings about inflation have proved right, while Team Transitory’s predictions that inflation would quickly fade have been wrong.” Talk about eating crow. Krugman recently conceded Nov. 14 that he “got inflation wrong” even though he tried to hedge by claiming he thought blindly believing the false “transitory” inflation narrative was “still the best bet.” His latest concession puts him even further at odds with his Nov. 11 column: “History Says Don’t Panic About Inflation.”
(Excerpt) Read more at newsbusters.org ...
Crow? How ‘bout him eating shit?
Paul Krugman sure has eaten a lot of crow over the years.
He is also a student Kenneth Galbraith, whose own ideas were formed and informed by his affinity to big state.
Please link to an article, based in reality, that has ever proven Krugman right. I’ll wait.
Krugman is wise to get ahead of his upcoming inflation meme...
Even a stopped clock ...
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