Economist Paul Krugman Tries to HOODWINK America: ‘How Not to Panic About Inflation’
28th March 2021
Krugman’s new op-ed was headlined, “How Not to Panic About Inflation.” The article was published just a few days before Axios released a story headlined, “77% of Americans are worried about inflation.” Krugman’s tactic was to get Americans to remember the “great inflation scare of 2010-2011.” He argued that conservative worries about inflation failed to materialize after former President Barack Obama injected the economy with his own asinine stimulus. His only criticism of Obama’s stimulus was that it was “inadequate,” but he also falsely argued that there was “consensus among economists that [Obama’s] efforts were helpful.” Now, Krugman has said worries about inflation in Biden’s stimulus were resurfacing the same right-wing worries: “[H]ere we go again.”