Sunday, October 18, 2026

Inflation?


 "As far as I can tell, Trump doesn’t believe that there is such a thing as objective truth, there’s only what he wants to be true. Trump doesn’t have the full powers of a totalitarian ruler, but often behaves as if he did (and is enabled in that behavior by almost the entire GOP.) And Orwell wrote about the mutability of history under totalitarian regimes:If the Leader says of such and such an event, ‘It never happened’ – well, it never happened. In this case what never happened was surging nflation."

 Paul Krugman is an unabashed liberal, and there is no crime in an economist having such persuasions. For that matter, many economists have a bit of that streak, too. ...However, the agreements end where Krugman begins to view U.S. economic history from a distorted lens, one in which all administrations run by Democrats are Good and Virtuous, and all Republican administrations are governed by Beelzebub himself.

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