Off the deep end!
Here's a snippet from his latest liberal rant from the NYT:
Quote:
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“Underlying inflation is low and, given the depressed state of the economy, likely to go even lower in the years ahead. And that’s not a good thing. Falling inflation, and even worse, possible deflation, will make recovery from this depression much harder.”
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Inflation is low and doesn't exist and yet just about everything is more expensive than it was a year ago. Further, groceries here have jumped considerably. The new official metric for inflation is not very good at measuring what it purports to measure. Of course, everyone knows that, but most use those massaged misguided numbers. Thus, here we have Krugman asserting that more borrowed stimulus is needed and that inflation is nothing to worry about.