Commentary The national debt has risen at a blistering pace over recent decades and is now higher than any era of the nation’s history—even when adjusted for inflation, population growth, and economic growth (GDP). Denying this reality, Nobel Prize-winning economist Paul Krugman recently wrote two columns for the New York Times in which he claimed that the debt is an “overhyped issue” and…
Calling the US Recession a Recession Is ‘Vitriolic’ Partisanship, Krugman Claims
New York Times columnist and economist Paul Krugman insists the United States is not in a recession, that the term is essentially meaningless, and current efforts to apply the label to the U.S. economy amount to “vitriolic” partisanship. Krugman made the remarks in an interview on CNN’s “Reliable Sources” program that aired on July 31,…
Paul Krugman Admits He ‘Got Inflation Wrong’ But Stands by ‘Transitory’ Narrative
Paul Krugman, Nobel-prize winning economist and New York Times columnist, has conceded that his prediction that the inflationary wave now battering American households would be benign was wrong and he “didn’t see the current surge coming,” though he continues to see the upward price pressures as “transitory.” Krugman made the admission in a series of…
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