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Nobel economist Paul Krugman gets trolled for saying inflation is over if you just exclude most of what people buy
Business Insider ^ | October 13, 2023 | Theron Mohamed

Posted on 10/14/2023 6:44:43 AM PDT by ConservativeInPA

Paul Krugman was widely trolled on Thursday for saying that if you just ignore food, energy, housing, and used cars — unavoidable costs for many Americans — then the period of surging prices has passed.

"The war on inflation is over," he posted on X, attaching a chart showing the Consumer Price Index (CPI) dropped from 7% last summer to below 2% in September if you exclude those four items. "We won, at very little cost."

(Excerpt) Read more at businessinsider.com ...


TOPICS: Business/Economy; Government; News/Current Events
KEYWORDS: bidenomics; brainlessjoebiden; demagogicparty; demagogue; inflation; krugman; lies; nyt; paulkrugman; theronmohamed
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1 posted on 10/14/2023 6:44:43 AM PDT by ConservativeInPA
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To: ConservativeInPA

Krugman is such a joke. Talk about using cherry picked statistics to lie. Inflation raised prices year over year since the day Biden took office. Prices are high and are getting higher.


2 posted on 10/14/2023 6:47:40 AM PDT by DeplorablePaul
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To: ConservativeInPA

In the commie mind those four are considered incidental payments.


3 posted on 10/14/2023 6:48:19 AM PDT by kvanbrunt2
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To: ConservativeInPA
"The war on inflation is over," he posted on X, attaching a chart showing the Consumer Price Index (CPI) dropped from 7% last summer to below 2% in September if you exclude those four items. "We won, at very little cost."

Yeah! We Won!

We can’t afford to live but at least the prices of coffins has stabilized.

4 posted on 10/14/2023 6:52:23 AM PDT by Pontiac (The welfare state must fail because it is contrary to human nature and diminishes the human spirit.)
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To: ConservativeInPA

Well, the US government has been doing the exact same thing for 40 years. So why would Krugman think anyone would object to it??


5 posted on 10/14/2023 6:53:29 AM PDT by Boogieman
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To: ConservativeInPA

Who in their right mind would even give this moron the time of day?


6 posted on 10/14/2023 6:55:33 AM PDT by DennisR (Look around - God gives countless clues that He does, indeed, exist.)
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To: ConservativeInPA

Why does anyone take this guy seriously anymore. He guaranteed that Trump would destroy the economy in 2017 and was flat out wrong. I cannot recall any economic prediction he has made that was accurate.


7 posted on 10/14/2023 6:55:38 AM PDT by XRdsRev (Justice for Bernell Trammell, Trump supporter, murdered in 2020)
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To: ConservativeInPA

Nobel Prize? What a brain.


8 posted on 10/14/2023 6:56:13 AM PDT by crusty old prospector
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To: ConservativeInPA

Krugman is a punk and a half.


9 posted on 10/14/2023 6:57:24 AM PDT by HighSierra5 (The only way you know a commie is lying is when they open their pieholes.)
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To: ConservativeInPA

If you ignore the sunrise it’ll be nighttime.


10 posted on 10/14/2023 7:00:44 AM PDT by sasquatch
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To: ConservativeInPA

And gravity doesn’t exist if you just exclude the fact that people and items are grounded by it.


11 posted on 10/14/2023 7:01:24 AM PDT by Bob434
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To: sasquatch

But he is right ....
when you’ve run out of money ... you don’t have to worry about inflation anymore.


12 posted on 10/14/2023 7:02:55 AM PDT by 1of10 (be vigilant , be strong, be safe, be 1 of 10 .)
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To: All

While most extraordinary world views were shaped by a belief in American exceptionalism,
the disturbed Biden “woke world” view hates success, and they virulently hate America.

They sound like millions of Me-First Obamas......antisocial, borderline, histrionic,
narcissistic, race-obsessed, to name a few of their dark psychoses.


13 posted on 10/14/2023 7:03:33 AM PDT by Liz (“The only time Biden gets his hands dirty is when he’s taking cash from foreign countries." Trump)
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To: ConservativeInPA

Even penny candy costs a nickel.


14 posted on 10/14/2023 7:05:33 AM PDT by drSteve78 (Je suis Deplorable. Even more so)
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To: ConservativeInPA

Just think how much money we can save if we never paid our bills!


15 posted on 10/14/2023 7:06:26 AM PDT by Jolla
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To: 1of10

when you’ve run out of money ...

Homeless people have no mortgage, so there’s that


16 posted on 10/14/2023 7:07:01 AM PDT by drSteve78 (Je suis Deplorable. Even more so)
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To: DeplorablePaul

Figures don’t lie but liars can figure.


17 posted on 10/14/2023 7:10:56 AM PDT by Walrus (I do not consent)
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To: ConservativeInPA

Other than that Mrs Lincoln, did you enjoy the play?


18 posted on 10/14/2023 7:23:15 AM PDT by Strident ("Hi, my name is Joe and I am powerless over making $#!7 up")
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To: DennisR
Who in their right mind would even give this moron the time of day?

Um, it’s morons. Everyone who subscribes to the New York Times and all of the Biden Administration.

19 posted on 10/14/2023 7:24:17 AM PDT by ConservativeInPA (Muslims in America must immediately return to their nations of origin to fight Islamic extremism.)
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To: ConservativeInPA

“The war on inflation is over”

Yes the depression is gaining speed.

Keep your back to the wall the Biden admin is still on the job


20 posted on 10/14/2023 7:24:58 AM PDT by Vaduz (....)
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