Why anyone listens to guys like Krugman is a never-ending mystery to me. Is he ever right about anything? I mean, who couldn’t see inflation coming ten miles away?
has krudman ever been right?
Only a PhD or politician or moron ( but I repeat myself) would think that money printing isn’t a recipe for disaster.
What a maroon.
Sorry, but he should really trust his own opinions. He’s a Nobel prize recipient. /sarc
Whatever happened to the Trump depression he was certain would happen ?
give us the short list
what has he gotten right?
“Sado-monetarism”
I don’t even pretend to understand that.
Keynesians always fail.
Always.
Krugman is a die hard Keynesian. Famous for being wrong, then doubling down. “Spend more money!” is his universal prescription to countries. “Deficits don’t matter!” is another.
Not working? (duh)
“Spend more!”
Krugman is a political propagandist. Nothing more.
his errors are revealed regularly to anyone paying attention - but that’s the thing, his purpose is merely to spout the party line of the day, for people who only want the party line of the day.
Inflation obviously needs a new definition. That’s how all the other problems are dismissed. Feces is now “transitory nutrition” in Beltway-Speak.
Krugman is the most mistaken economist on record.
But that is who wins Nobel Prizes....party loyalists.
The thing is that inflation has been around since the stimulus started. It was just focused on stocks because a lot of the stimulus money ended up playing the market. Then it moved into housing and finally in the past year it exploded in the general consumer goods. Add to that the supply shock of Biden’s anti-energy policies and boom: lots of general inflation.
Went to the grocery store after church yesterday. Shopping for cart for two people $245.
One thing that DID go DOWN in price was Ribeye Steaks.
$8.99/pound in the wrapped packages. $10.99 in the butcher cuts section of the store. So, we bought two and cooked them on the grill.
Ribeyes are my favorite. So, I always check the price. They got up to $18.99 a few months ago. Fancy butcher shops around here got up to $24/pound. However, a 32 oz container of FAGE Greek yogurt was $6.99. This was $4.99 a year or so ago. Clorox bleach was $3.99/gallon. Used to be $2.99/gallon.
Regards,
Also, gasoline has come down around here. Touched $5 briefly about a month ago. Now, I am seeing it @ $4.69 this morning.
My biggest concern is the cost of electricity in NH going from $.11/KHW to $.22/KHW by the end of this year. I am already closing bedroom doors upstairs when I turn on the window AC unit.
You miss that, I’m saying, how can we respect anything he says? Kind of a big one there, little man.
So what exactly is he good for?
The left is wrong on so many issues. They have no credibility.
Krugman...the eternal idiot.