http://twitchy.com/dougp/2023/10/13/paul-krugman-was-too-flip-after-declaration-of-victory-over-inflation-got-community-noted-n2388503
Seriously ... Paul Krugman is simply a mental pygmy.
Yesterday New York Times economic writer Paul Krugman had a tweet that looks like it could have been written by President Biden's gaslighting economic advisers. If you missed it, this is the tweet:
Paul Krugman (@paulkrugman) ~ The war on inflation is over. We won, at very little cost.
Readers added context they thought people might want to know:
The exclusion of food, shelter, energy, and used cars is misleading.
All prices included in CPI shows year over year inflation at 3.7% as of September 2023.
http://www.bls.gov/cpi/
The only thing YOU won, Paul, is that you are now the odds-on-favorite to win this year's Darwin Award. Now, catch the next flight to Gaza and seal your victory!
Another "When Krugman Imitates the Babylon Bee" moment occurred with that doozy:
Kyle Mann (@The_Kyle_Mann) ~ {Replying to @paulkrugman} When you become a Babylon Bee article from 2 years ago.
It certainly does not look like the battle against inflation has been won just yet (where's that darn Inflation Reduction Act?).
After getting Community Noted, Krugman decided some further explaining was in order:
Paul Krugman (@paulkrugman) ~ I was too flip here. I've been using this particular measure for a while, so want to be consistent. But it has flaws (medical insurance too optimistic). But almost every measure now <3 percent.
No, Paul ... you weren't being flip ... you were being your usual self - a dishonest hack.
"Flip" ... "wrong" -- po-tay-toh, po-tah-toh.
Paul Krugman (@paulkrugman) ~ And PCE inflation, which doesn't share the same flaws, showing us closing in on 2 percent.
Paul Krugman (@paulkrugman) ~ People have been reluctant to call this. But the data really want to tell us that inflation has very nearly normalized.
BWHA HA HA HA HA HA!!! Are you still mumbling to yourself, Paul ... continuing to tell yourself lies? You've become such a pathetic derelict.
The only thing that's normalized is the amount of mockery that's being directed at Krugman.
Chris Brunet (@realChrisBrunet) ~ {Replying to @paulkrugman} {i]Now you’re just trolling. The only flaw you can point out in this graph is “medical insurance too optimistic”?[/i]
Ross Hendricks (@Ross__Hendricks) ~ {Replying to @paulkrugman} “At very little cost” as the entire middle class can no longer afford to buy a home. Well done sir.
A lot of people can barely afford groceries & gas as well.
Frank Hill (@Telemachus111) ~ {Replying to @paulkrugman} 'Being ... too ... flip ... here." As well as being wrong ... again.
Anytime anyone uses #inflation figures that excludes all the things people buy on a daily basis, they are bogus and false.
Well, in Paul's defense, his intent was to deceive. He's just not very smart and thinks everyone else is just as stupid as he is ... so, he got caught lying.
Casey V. Fulp, CFP® (@CH_Plan) ~ {Replying to @paulkrugman} And there it is ... Legendary.
Put this guy in a room with @SecYellen and all the world’s problems would be solved.
(This is extreme sarcasm for anyone not picking up on that)
Remember when these people insisted inflation would be "transitory"? Good times.
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