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Krugman was right again.


Right about what though? He's like the Piers Morgan of economics, so he could use the win.


Not op, but presumably: that spikes in prices where temporary bounce backs rather than structural switches to high inflationary years.

Which is also the view of the Fed and the ECB, so not a particularly weird position from Krugman.


ah yes, guy who predicts the euro will fail every 2 years, and who predicted that the internet would be a fad, right again


I've been reading Krugman regularly for the last decade and can't remember him saying anything like this. Feel free to provide a source.




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