I fail to understand why the guy won the 2008 Nobel Prize. He is clueless.
From his twitter account:
Trying to clarify my own thoughts on inflation. I got inflation wrong; I didn't see the current surge coming. But why? I didn't think the fiscal stimulus early this year would boost demand as much as Summers et al predicted ... and, in fact, so far it hasn't 1/
— Paul Krugman (@paulkrugman) November 14, 2021
No shit Sherlock - anyone and their brothers were saying that inflation would happen.
What numbers were you looking at, Paul?
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