Paul Krugman has a sweeping riff on the latest job and wage numbers, the possibility of inflation, the growing need for more Obama Administration economic stimulus work and more.
Ironically, or whatever, after that gloom-and-doom tale, he goes on to accuse many of his fellow economists of scaremongering — about inflation. I’m sure Krugman’s right in the short term, but is he right in the long term?
Non-economist and fellow New York Times columnist David Brooks says China disagrees.
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