Paul Krugman is dithering. The usually confident Nobel Laureate can't bring himself to believe his own prediction that inflation is coming down rapidly and the Federal Reserve should moderate interest rate hikes to avoid a recession later this year. Unlike his more conservative mentor, Larry Summers, Krugman and other liberal economists saw the economy self correcting and reining in inflation. A couple of bad months of rising inflation seems to have spooked the shrill one and his column is one long apologia. Come on Paul, trust the data.
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