Has Krugman Jumped

[Charles]

Originally Posted by bhunter

Off the deep end!

Here's a snippet from his latest liberal rant from the NYT:



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.

I don't see as there is any way to address the amount of debt that we're accumulating without inflation. Unless they just up and devaluate the currency.

And don't think for one second that it's not a possibility.

Come on, we've just paid for saving the whole rotten banking system, and they've convinced us that we were smart by doing so.

Maybe didn't have much of a choice, but smart???

Chas