Sometimes even the wizard confuses me

I really like Krugman.  Maybe it’s because I’m not an economist, but I’m confused when  he always says we don’t really have an inflation problem, which we don’t right now.  A big point of his and liberals in general is, that median wages have stagnated for 30+ years, and have actually fallen a lot with relation to prices, or a form of inflation.  He always denies there is inflation if wages aren’t following the price trend, but it affects regular people all the same.  We actually need some wage inflation here.  Hint: unions.

http://krugman.blogs.nytimes.com/2011/10/19/more-uk-inflation/

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: