the Corner
If you preach that the world will end tomorrow, eventually you will be right, but it might take a while.............
What does Krugman guarantee will happen?
Everyday I see new articles at financial news-sites predicting economic doom. Inflation is going to increase rapidly any day now. They will not mention food or gas though.
The examples they give are of a $10 increase in the price of a refrigerator at Home Depot or a baby bed at Costco. Consumers aren’t noticing those increases. They are noticing the decrease in the price of eggs or potatoes at Walmart.
An MSNBC panel said last week: “The interim statistics do not reflect the serious harm affecting the American economy and consumers from Trump’s tariff damage yet. But it is on the way.”
I heard them say that a month earlier.
Someone needs to write a report of how many times the NYT has been wrong on economic predictions related to Republican and Democrat policies. But they can simply ignore being wrong and then make dire predictions again and again.
Related: “Disaster tariff predictions fall flat as core inflation hits post-COVID lows”
-FOX News
Illegals are self deporting. The jobs available from that are being filled by Americans who are being paid a higher wage. That will be inflation I will welcome. With all the product selection available it is easy to make choices. If a product is too expensive it will not be purchased.