https://twitter.com/paulkrugman/status/1712494317024026761
This is like saying “my health is great ex my heart”.
[edit] Also, child poverty increased more in 2022 than any time in recorded US history. So “little cost” for Krugman, but not for the population.
This stupid tweet / series of tweets has fucked with me enough that I did a VERY rough integration (do not take this as numbers, I literally just moved points on a chart until they more or less matched the original. The units are also a little funky, and I didn’t have a real desire to untangle what they mean because I have actual work to do.)
The red is more or less the actual inflation rate.
Isn’t all of economics just willful ignorance of what’s directly in front of you?
No, a lot of it is willful ignorance of what’s directly behind you
and a little willful ignorance of what’s happening right where you are