Apr 17, 2011

Paul Krugman can't see a reason to call inflation a problem

Wage growth hasn’t fallen as much as I expected a couple of years ago; it’s now clear to me that I failed to put enough weight on the downward wage rigidity literature. But there’s nothing here to suggest any reason to consider inflation a problem.

~Paul Krugman, NYT columnist, "Inflation, Here and There (Wonkish)", NYTimes.com, April 16, 2011

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