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.
October 20, 2011
Sometimes even the wizard confuses me