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Hold On To Your Wallets — ‘Wrong Way’
Krugman Says Inflation Will Soon Ease

Original Article

Posted By: RockyTCB, 4/15/2022 6:34:45 AM

New York Times columnist and – we’re constantly reminded – Nobel Laureate Paul Krugman says that inflation, which hit another new high this month, will soon abate. Why? Because, he wrote on Tuesday, “Lumber prices have plunged in recent weeks. Prices of industrial metals such as copper are coming down. Prices of used cars are still very high, but their surge has stalled and they may have peaked.” Oh, wait. That was from a column that Krugman wrote in June 2021. [snip] What Krugman actually wrote this Tuesday was that “inflation will probably fall significantly over the next few months.” Why? Because, he now says, oil prices have moderated and retailers are

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Reply 1 - Posted by: Bur Oak 4/15/2022 6:44:36 AM (No. 1129059)
This confirms that we're really in for a lot of inflation. My fixed income isn't so fixed. It is going down in value daily due to Biden inflation.
16 people like this.

Reply 2 - Posted by: Thos Weatherby 4/15/2022 6:45:25 AM (No. 1129060)
Because they use FAKE numbers, inflation will go down in May. They use a year to year number and May will start a new year. Inflation now is at about 18%. It isn't going down. They don't want it to go down. Just wait and see. Next month they'll announce that Inflation has capped and it looks that it is going down. We all know better.
10 people like this.

Reply 3 - Posted by: NancyD 4/15/2022 7:08:01 AM (No. 1129077)
Krugman is a silly man, He actually listens to Jen Psaki and we know good ole Jen is a truth teller. I think he is wrong once again...
12 people like this.

Reply 4 - Posted by: mobyclik 4/15/2022 7:36:36 AM (No. 1129098)
And when inflation continues to rise, we'll hear that most famous word that's used when these ''Experts'' are wrong again: ''UNEXPECTEDLY.'' Clowns like Krugman are ALWAYS wrong but are still considered 'experts' by the lying media.
12 people like this.

Reply 5 - Posted by: rikkitikki 4/15/2022 7:38:31 AM (No. 1129101)
Krugman, like every other democrat economist, has been wrong on every major issue for the last 50 years. Why should anyone believe him now?
13 people like this.

Reply 6 - Posted by: rikkitikki 4/15/2022 7:41:19 AM (No. 1129103)
Past history has proven that until interest rates (prime now at 3.5%) rise above the inflation rate (now at 11$%, or much higher), inflation will persist. That means America is in for at least one very tough year ahead.
7 people like this.

Reply 7 - Posted by: FunOne 4/15/2022 7:41:19 AM (No. 1129104)
Mention that Paul Krugman is a Nobel Laureate might have been impressive years ago, but with the obvious liberal slant of the Nobel awards and recognition given out (Krugman is an example), it has devalued itself and all recipients.
13 people like this.

Reply 8 - Posted by: EJKrausJr 4/15/2022 7:49:03 AM (No. 1129119)
When has Krugman been correct? Bidenflation is with us to stay. Get used to it. It took President Reagan four years to correct Jimmuh's economic disaster.
9 people like this.

Reply 9 - Posted by: snapper451 4/15/2022 8:00:02 AM (No. 1129132)
Also one of the fake “noble laureates” that Biden claimed said that Build Back Better would not increase the deficit and would actually cut it. Liars most likely, most certainly partisan hacks. Reminds you of the 51 intelligence exerts who said the laptop was Russian disinformation. Finally, like all things Biden - corrupt and wrong!
10 people like this.

Reply 10 - Posted by: udanja99 4/15/2022 8:19:44 AM (No. 1129162)
From the guy who told us that, if Trump was elected, the stock market would crash and never come back.
14 people like this.

Reply 11 - Posted by: Jebediah 4/15/2022 8:21:06 AM (No. 1129164)
Isn't Paul Krugman the one who married a very wealthy woman? And now feels entitled to speak about the inflation he doesn't feel himself?
6 people like this.

Reply 12 - Posted by: bigfatslob 4/15/2022 8:24:20 AM (No. 1129169)
Well, if Paul Klugman said it then it must be true, right? We are on a fixed income I'm glad I paid this month's rent now I have a place to starve to death. Thank the wizard politicians on the left for this uplifting lifestyle they have created.
4 people like this.

Reply 13 - Posted by: stablemoney 4/15/2022 8:28:53 AM (No. 1129173)
The Fed has no intention of fighting inflation. Inflation is the only way to address the national debt. If inflation moderates, it will be because of a recession, but that will not stop the inflation, because the government spending will not stop. Recessionary unemployment will require more government spending on unemployment benefits.
3 people like this.

Reply 14 - Posted by: bpl40 4/15/2022 8:47:30 AM (No. 1129190)
Remember what this guy said the night Trump was elected in '16? The stock market will collapse to 10,000 never to come up!
5 people like this.

Reply 15 - Posted by: cor-vet 4/15/2022 8:56:03 AM (No. 1129200)
A 2"x4"x12' costs $17.85 a the local lumber yard. Krugman wouldn't know about things like that. And our local school board president, just announced a $600 'stipend' for those poor teachers that have been working from home, because inflation is hitting them so hard. Thankfully, for the private sector, its been no problem, so we can chip in w/ higher taxes to help these poor public employees out.
6 people like this.

Reply 16 - Posted by: smokincol 4/15/2022 9:30:40 AM (No. 1129231)
this guy is like the weatherman, he is wrong so many, many times but he still collects a pay check
4 people like this.

Reply 17 - Posted by: Fasteddie 4/15/2022 9:56:59 AM (No. 1129265)
I follow Krugman's economic advise closely, and it's made me a lot of money over the years. It's simple - just do the exact opposite of whatever he is recommending.
7 people like this.

Reply 18 - Posted by: starboard 4/15/2022 10:32:22 AM (No. 1129302)
Krugman has a long track record or being ridculously wrong with his predictions.
4 people like this.

Reply 19 - Posted by: rochow 4/15/2022 10:46:07 AM (No. 1129327)
Krugman is one of the dumbest men !
3 people like this.

Reply 20 - Posted by: DrOstrow 4/15/2022 11:08:00 AM (No. 1129355)
Like most politicians, much of what he says falls into one of two categories - 1) he is lying and KNOWS it. Or 2) he actually believes what he is saying is true. In either case he is either too stupid to be spouting this nonsense or he is an out and out liar ! There is no door #3 !
3 people like this.

Reply 21 - Posted by: ladydawgfan 4/15/2022 11:48:23 AM (No. 1129399)
Who can forget this oldie but goodie from 1998: “The growth of the Internet will slow drastically, as the flaw in ‘Metcalfe’s law' becomes apparent: most people have nothing to say to each other! By 2005, it will become clear that the Internet’s impact on the economy has been no greater than the fax machine’s." -- Paul Krugman
2 people like this.

Reply 22 - Posted by: ussjimmycarter 4/15/2022 11:50:49 AM (No. 1129404)
Run Roh! Inflation will rage for years and years! He is wrong EVERYTIME!!!
3 people like this.

Reply 23 - Posted by: DVC 4/15/2022 12:29:10 PM (No. 1129445)
"Wrong way" is the perfect name for Krugman. Whatever he has predicted in many years, the exact opposite is what has happened.
2 people like this.

Reply 24 - Posted by: edgar 4/15/2022 12:50:42 PM (No. 1129471)
Listen to Paul Krugman because he is always right, said no one ever!
2 people like this.

Reply 25 - Posted by: kono 4/15/2022 1:51:22 PM (No. 1129528)
Doesn't a viral infection ease after the host body dies? If the nation's economy undergoes total collapse, will there be anything left to inflate?
2 people like this.

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