Posted on 03/29/2022 9:38:16 AM PDT by JV3MRC
New York Times economist Paul Krugman seems to be a glutton for punishment to his already pathetic track record of atrocious economic predictions.
Krugman is back trying to gaslight Americans over the 40-year high inflation crisis — again — in an op-ed headlined, “How High Inflation Will Come Down.” Krugman gave credence to the asinine view of the Federal Reserve that “high inflation will be a temporary phenomenon. Furthermore, the Fed believes that it can bring inflation down relatively painlessly.” Even Krugman needed to slightly hedge from that ridiculous position: “The landing probably won’t be as soft as the Fed envisions, but this time disinflation shouldn’t, or at least needn’t, be an extremely painful process.” His logic: Hey, at least it’s not the 1980s.
“Professional forecasters expect inflation to moderate next year. This means that we almost surely aren’t experiencing the kind of self-perpetuating inflation that was so hard to end in the 1980s,” Krugman claimed. This is the same Krugman who absurdly stated that the 40-year high inflation was “not a crisis.”
(Excerpt) Read more at newsbusters.org ...
Always anticipate the opposite of Krugman’s analysis - you will go far. This guy is wrong so many times that it is a form of gaslighting for our media to even quote him.
Krugman is one of the Nobel winning economists who f Joe cites to promote his ridiculous BBB. This does no inspire confidence.
Krugman parrots liberal agenda policy and hob-nobs with the elite liberals because they want to believe in Keynesian economic theory.
Problem is, Keynesian economic theory doesn’t work, hasn’t worked, and will never work. Printing money eventually lead to devaluing of said currency, and rising prices for goods, aka INFLATION.
I honestly don’t think he even tries to hide that his economic advice is partisan and stupid anymore. It’s so bad it really is gaslighting at this point.
This nation needs protections for it’s manufacturing base and it’s unions, protections in terms of the Tariffs that Trump brought against China (and Biden dumped) and some supply side economics.
How often do you get to be wrong before people stop listening ?
Krugman is heavily medicated and often goes off his meds.
New York Times where the D students can always get a job.
Forever in this commie dystopian nightmare.
He could be right for the wrong reasons. We could see an end to high inflation rates (not that prices will come down much, rather, just not keep going up so much) due to demand destruction. Oil prices are still high but off the recent peak. There is less stimulus money floating around. Housing demand is showing signs of a peak as many are priced out of a market that is slim on inventory.
When there is nothing left that people want, prices for things people don’t want will go down. For things people do want, they can and will trade down (buy cheaper alternatives) due to inflation, forcing producers to get more competitive.
The fed has little to do with any of this.
In the eighties? Hell, it got started in the seventies.
“this time disinflation shouldn’t, or at least needn’t, be an extremely painful process”
It’s not “disinflation”, it’s “deflation”. But I guess when you use the proper term, then even laymen recognize that you are actually talking about the value of their real estate and 401k’s being destroyed.
He is still suffering from brain oxygen starvation from looking at the inside of his colon too long.
RATS aren’t smart enough to understand the business model of a lemonade stand...
How did this idiot ever get a Nobel prize in economics? Everything I read of his shows he knows nothing about the subject.
Paul Krugman, I’ve always wanted to “Will Smith” your face.
Krugman was a deep state prototype “fact checker”.
He lies about the economy.
They have other authorities, like turn coat generals, etc...
How often can you wrong, and still quoted by the social-communists in the national press corpse?
Don’t know, I need to ask how many times Fauci has been on camera. Has been featured in print and on line.
But the media wants you to think inflation in “the 80s” was Reagans fault!
Ignoring Carter of course.
It amazes me that some people still consider Paul Krugman an economist. I have an advanced degree in the subject and he still doesn’t seem to understand the stuff taught in macroeconomics 101.
Krugman once pronounced that the internet would have no more impact on retail commerce than the fax machine.
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