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Paul Krugman: I Was Wrong About Inflation
- deleted 4y ago[deleted]
- OrangeMonkey 4y agoIn 1998, Krugman wrote that the internets impact on the economy will be no greater than the fax machines. In 2021, he completely misunderstood inflation and its impact on America. It is my belief that this is going to be a long, deep, reminder that stocks are risk assets once the fed has done the needful. He is just a human like us, trying his best, but sometimes I find it hard to take people seriously if they have been this wrong.
- akagusu 4y agoIf I understood correctly, they set up an economic plan that would make the rich richer and the poor poorer, but diverged about the influence of inflation in the final result. In both cases the rich would get richer, but inflation would cause some pressure to the plan since inflation is perceived as a bad thing. Inflation arrived but the rich still got richer despite the negative perception of the general public. So as far as I understood, this is a win. Am I right?
- wrycoder 4y agoPaul Krugman is wrong about a lot of things, actually.
- haspoken 4y agohttps://archive.ph/IthKe https://archive.ph/IthKe