Using heavily cherrypicked data on Thursday, Nobel Prize-winning economist and New York Times columnist Paul Krugman once again proved why neither the Nobel Prize nor the New York Times caries any sort of intellectial heft among people who actually know things.
“The war on inflation is over,” Krugman declared. “We won at very little cost.” The war on inflation is over. We won, at very little cost pic.twitter.com/opumf3nEvL — Paul Krugman (@paulkrugman) October 12, 2023 However, keen observers noted that the accompanying chart showing steady declines in the Consumer Price Index since May 2022 excluded food, energy, shelter and used cars.
It was not immediately clear what the data actually included. This is fantastic news for all Americans who don’t need food, a place to live, or fuel & electricity. […]
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