The New York Times economics parody writer Paul Krugman — because that’s all he’s been reduced to now — can’t seem to avoid sleepwalking his way into major, unforced errors.
In another Apr. 9 column praising President Joe Biden’s alleged “Goldilocks” economy, Krugman was adamant that “while there was a wave of inflation, it seems to have broken.”
Yes, Krugman wrote this just a day before the Bureau of Labor Statistics released its Apr. 10 report showing that consumer prices spiked hotter than expected at 3.5 percent year-over-year and 0.4 percent month-over-month.
CNBC analyzed that core consumer prices (excluding food and energy) “also accelerated 0.4% on a monthly basis while rising 3.8% from a year ago, compared with respective estimates for 0.3% and 3.7%.”
French newspaper Le Monde concluded, “The numbers are bad and getting worse.” In other words, Krugman: You done messed up A-Aron.
Krugman’s column, in retrospect, gets even more painful as one reads on:
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