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This man won a Nobel Prize in economics. Inflation doesn’t hurt the poor, says Paul Krugman. I’m not kidding. The man went on a Twitter thread where he tried to cast an aura of mystery regarding the spike in inflation. Inflation has reached its worst marks in 30 years —and the Biden administration seems incapable of dealing with it. By that, I mean they don’t care. It wouldn’t shock me if they think this crisis is fake. No, they do, and they’re ignoring it at their peril. But first, let’s hear what Krugman said about this crisis where he said, “’Inflation especially hurts the poor’ has truthiness — it sounds like it should be true. But I don’t see either evidence or a mechanism.” Aside from priorities, is this even true? Is there any good reason to believe that inflation hits low-income households especially hard? 1/ https://t.co/72hxWaL5zW — Paul […]
Read the rest of this story here: townhall.com
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