Megan McCardle is wrong again. Really wrong.
I suppose this counts as going after low-hanging fruit. Sue me, it’s Friday. I’m tired.
by John Cole| 85 Comments
This post is in: Technically True but Collectively Nonsense
Megan McCardle is wrong again. Really wrong.
I suppose this counts as going after low-hanging fruit. Sue me, it’s Friday. I’m tired.
Comments are closed.
[…] me to another post about how terrible this person of ire is. Which in turn, led me to that persons source for the entirety of their current topic. THAT page sent me to two articles written by a member of […]
robertdsc
Child Typist kicking ass and taking names. Well done, Ezra.
Cat Lady
Another lie circumnavigates the blogosphere before the truth can get its boots on, and so another hacktastick glibertarian’s work is done. Heckuva job McMegan.
soonergrunt
One could put 1000 monkeys in a room with 1000 laptops and Megan McArdle in a room with a laptop and see what happens.
Over any sampled time frame, odds are that the monkeys will create something more interesting and accurate than McArdle will.
The monkey room is also likely to have less fecal matter smeared on the walls, but that’s just a hunch.
jl
Well, since Cole has already apologized for the post, I guess I can get away with going off topic and not get chewed out too bad. Two good articles on Greek crisis:
Governments up the stakes in their fight with markets
By Martin Wolf, Financial Times
Published: May 11 2010
http://www.ft.com/cms/s/0/ebb8ec92-5d2a-11df-8373-00144feab49a.html
Can the Euro be Saved?
Joseph E. Stiglitz
May 5, 2010
http://www.project-syndicate.org/commentary/stiglitz125/English
jeffreyw
He drinks to remember.
chrome agnomen
must not click on link
DOH!!!!
Mumphrey
Next you’ll be telling us that commenters at Red State are writing crazy, violent, racist lies.
You know, I’m really glad you left that crowd, but sometimes I wonder how you could have cast your lot in with them in the first place…
jl
I forgot to pont out an important point in Wolfe’s article on the Greek crisis:
“…we need to go back to the beginning of the project for a currency union. It rested on three central assumptions:
first, treaty-defined limits would constrain fiscal deficits of members;
second, to the extent that this failed, the “no bail-out” clause would constrain them;
and,
third, member economies would converge over time.
Alas, none of this has proved to be true.”
[I reformatted the passage for bring out the three assumptions].
I think that even though Europe is reputed to be a s o s h u l i s t commie f a s h u s t hellhole, there are striking similarities between the first and second assumptions and GOP proposals to prevent further financial panics and public debt crises. The first is some paper fiction legal BS putting a limit on debt. The second is a ringing BS promise to gosh dang dingity dangit he man swear to never bail out again.
We see how well those worked for the Euro currency union.
But I guess a GOPer and teabagger would scream that my argument does not recognize American Exceptionalism.
Midnight Marauder
In the case of McMegan, the fruit dropped from the tree a long time ago. Now it’s just sitting on the ground, waiting for the birds and worms to feast on it.
eastriver
Tired? Eat some bird seed.
Tattoosydney
@soonergrunt:
Can’t we put Megan in the room with the 1000 monkeys and see what happens then?
jacy
I suggest anyone who reads McMegan be fitted with shock collars that zap them every time she writes something a) factually wrong, b) stunningly vapid, c) infuriatingly facile.
That’d learn ’em real quick. Hell, they might not make it through a paragraph.
Mojotron
…aaaaand she’s doubled down on being wrong. Not gonna link.
MikeJ
@Tattoosydney: PETA’s gonna be all over your ass. What do you have against monkeys?
Mumphrey
Also off topic is this from TPM. I might be in the minority here, but I really don’t like Sestak, and I hope Specter pulls it out. I grew up in the Pennsylvania 7th, but I moved to Washington, D.C. in 1998, when Curt Weldon was still the congressman. I’m glad Sestak won in 2006, but I, too, was put off by the stuff he did and said in the primaries in 2008, though I will acknowledge that I don’t follow everything Joe Sestak does and says all that carefully. Anyway, I just kind of had a bad taste in my mouth.
And I do like Specter. He was one of my senators for 18 years, and even though I’ve always been a Democrat, he was pretty good as Republicans go, and he fit in well with the party as it was until 10 or 15 years ago. And he’s an asshole. I have to say, I don’t much like assholes as a rule face to face, but I kind of like them representing me sometimes. And now that he’s switched, he’s our asshole. I like having a tough, snarly old bastard on our side, and hes tough and snarly–though I will admit he had his wimpy moments when he was still a Republican while Bush was in office.
Anyway, funny to say, I kind of trust him to be a better and more reliable vote than I do Sestak. Now that Specter’s gone and become a Democrat, I think he’s been more liberal than Sestak, who’s kind of moderate.
John Cole
@Mumphrey: I won’t say too much about Sestak because if I do our true progressive masters will start in with the “ex-Republican” shit, but every time Sestak opens his mouth I see and hear the same kind of phony bullshit that set me off about John Edwards. He doesn’t believe a word of what is coming out of his mouth. It’s just transparently obvious he is full of shit.
TDE
Fucking hell. Specter over Sestak? Oookay.
He might have trouble talking (I’ve seen him several times) but hear him talk about his daughter and healthcare and you won’t mistake him for a moderate.
Is it worth pointing out he does better vs the totally insane Toomey?
Bill E Pilgrim
At her site they’re now dancing on the heads of pins with comments from her about how it’s interesting, you know, to think about the true nature of what’s in a bill and what isn’t, and so on. All by way of avoiding just admitting having been so miserably mistaken.
If I had to sum up the thread I’d call it “collectively technical, but true nonsense.”
dmsilev
@Tattoosydney:
Why are you in favor of torturing monkeys?
dms
Tazistan Jen
@Mumphrey: I am kind of rooting for Specter too. We want to encourage moderate Republicans to come on over, right?
Jim
Specter is a particularly soulless character, so it’s hard to not root for Sestak a bit, but I’d really like to understand how FireDogLake thinks Sestak will vote differently in any way than, say, Casey. Sestak isn’t some liberal House member to begin with.
For that matter, I really hope Bill Halter wins so he can be no true scotsman’ed in 4 days.
Calvin Jones and the 13th Apostle
@Tazistan Jen: When was Specter ever a moderate Republican? Or did you miss all his lies and going back on his word.
Calvin Jones and the 13th Apostle
@Jim: Casey is alright on economic matters. His only problem is he’s not pro-choice. I believe Sestak is pro-choice. Otherwise I believe Sestak will be the same as Casey. And we won’t have to worry about Specter pulling a HolyJoe(meaning all the backstabbing).
El Cid
Yeah but if we don’t stop all the spendin’ they’s gonna be massive, massive inflation.
So if you don’t believe that inflation is coming, well, you just need to listen to more right wing radio.
Tattoosydney
@MikeJ:
@dmsilev:
It’s true – I hadn’t thought through the possible consequences. No one wants to see one thousand monkeys clawing at their eyes and ears to block out the horror.
Mike in NC
I’ve yet to cancel my subscription to the print version of The Atlantic, so there are several back issues with fatuous articles by that narcissist sitting on the coffee table. I’ll do the laundry instead.
lamh32
No not OT…but?
Is this the sign of the apocalypse? What has “Glee” done?
Lady Gaga, Elton John, Bruce Springsteen, Sting, Shirley Bassey, Debbie Harry sing ‘Don’t Stop Believin”
Triassic Sands
@soonergrunt:
Fixed.
JG
Sestak is pro-choice. Certainly further to the left than Specter, even if he is kind of a dick. The guy has been a consistent vote on most things Democrats wanted to pass when they gained huge majorities.
The way he treats his staff, though, is concerning even though I largely support his politics.
Mark S.
@JG:
Who, Sestek? I thought Specter was legendary for being a dick to his staff.
theturtlemoves
@lamh32: Journey FTW, man. This is very cool and very strange, all at once. Debbie Harry totally doesn’t look like she’s enjoying it and what the fuck is Gaga wearing on her feet? Holy shit. Just saw the pride parade chorus line at the end. That was just… damn.
mr. whipple
I don’t follow Sestak, but take you at your word.
Is there anything more unbelieveable, tho, then Specter changing parties just so he can stay in the Senate? I’m mean, I like his vote(now), but what a totally unprincipled shithead.
soonergrunt
@Triassic Sands: True, but the punchline image was the whole thing with the room with 1000 monkeys having less shit on the walls than the room with McMegan.
Bunch of fucking non-humor-getting tools on this site. /sarcasm
Corner Stone
@Tazistan Jen:
What the hell are you talking about?
oklahomo
@Midnight Marauder: Given the source, the fruit was rotten before it fell. The worms may go for it, but the birds will probably head over to John’s for more feed.
Mnemosyne
As long as we’re OT, it’s gonna be pretty hard for Gizmodo to claim they didn’t know the iPhone they had was stolen property since Steve Jobs called them before they published to tell them so.
Sorry, but freedom of the press ends when your story depends on you paying money for stolen property.
PeakVT
An incumbent, proven bullshit artist, or an up-and-coming, inexperienced bullshit artist. Decisions, decisions… thank FSM I don’t have to pull a lever in PA anytime soon.
Brandon
@El Cid: To be fair, Krugman has been either talking about or predicting coming deflation is the U.S. pretty consistently for a decade.
I don’t know what that means and I am not ready to go back and read all of his arguments and compare them to government/fed actions to determine whether deflation was headed off or not due to government policy decisions.
One thing I do know though, and that is the bizarre and frightening prospect/signs of reinflation/premature stabilization in housing, which is probably a result of Obama’s team trying to orchestrate a soft landing in the housing market by backing Fannie and Freddie to go out and buy up every mortgage on the market.
By many estimates, housing prices are still 20% above the historical average trend. They have a long way to fall baby. All hail our deflationary overlords!
Perry Como
2001. B.C.
eemom
Specter reportedly lost track of what party he’s in yesterday when he addressed a group of Democrats as “good Pennsylvania Republicans.”
Dunno, I don’t live in PA but it seems to me that it would be rather daunting to vote for a guy who, after 30+ years of voting “aye” for every vile thing the Republicans came up with, turned Democrat at age 108 for the sole, screamingly obvious purpose of saving his own ass.
Also, what advantage does he offer over Sestak?
Brandon
@mr. whipple: Can we all agree now that ALL politicians are unprincipled shitheads?
The key question is, how shitty do you think they are going to act when they think that no one is looking.
In Specter’s case, I have to seriously imagine that his decades of Republicanism suddenly did not just fade away with that D next to his name. If the man wins the primary and the general, expect him to revert to form i.e. voting against Obama’s budget and stimulus package, which is precisely what he did before switching parties. In fact, he even waited to switch parties until after one of those key votes and then weeks after, Josh Marshall was having great fun at TPM chronicling all the Republican talking points and spin he was regurgitating when he was supposed to be a D.
I find it hard to believe that having that D next to his name means that Specter has substantively changed his politics in any regard. What I do believe is that he has been voting and acting “progressive” in order to fight off Sestak’s primary challenge. And what I do know is that once the general election is over, if one of those two is the Senator from PA, neither will act “progressive” again until 5 years from now.
The only reason why to root for Sestak is if he wins, everyone can point a finger at queen firebagger and laugh every time he votes against “progressive” legislation. It would be great to have something like that over that clown so that we can drop the whole holier than thou attitude.
Sentient Puddle
Pleh. Whether a politician is pro-choice or pro-life is a red herring. As long as Roe v. Wade is on the books, congress can’t do shit about abortion. You people should use a different yardstick for measuring up candidates.
micah616
@PeakVT: Unfortunately, I have to pull one of those levers. Specter’s a proven snake. Sestak, for whatever reason, strikes me as the guy I will regret voting for. Talk about Scylla and Charybdis. I’m thinking about just skipping the primaries.
mr. whipple
I’m almost sure that Specter voted for the Stim, which was then used against him by his GOP primary challenger.
JSD
This is for all of you dog lovers out there. And for those who chose dogs over spouses…
http://picchore.com/animals/who-is-your-best-friend/
jl
@Brandon:
In fairness to Krugman, half of the entries in your search concern deflation in Japan, and most of the others concern deflation in the 2001 recession, which worried other Keynesian macroeconomists, for example, DeLong who should have quite a record on his blog.
Krugman is not another Roubini, who earned the title Dr. Doom for regular predictions of doom long before the 08 financial panic.
I don’t defend all of Krugman’s macroeconomic analysis. For one thing, at least in his column and blog, he pays little attention to the problem of structural adjustment needed for a reasonable recovery from the Great Recession, other than to ask once in awhile what will replace residential construction as the engine of the next expansion. I agree with Stiglitz and Galbraith that there is a need for significant structural adjustment in the economy due to misallocation of capital over the housing boom, and this issue needs to be addressed directly for an adequate recovery.
In this way, Krugman is liable to the easy, and mistaken, criticism that he is a ‘hydraulic Keynesian’ who believes that deficit spending solves everything.
I think whether we need to worry about deflation, or stagflation, or another round of asset bubble inflation depends on whether aggregate demand recovers fast and soon enough during the recovery to catch up with what appears to be significant excess capacity, and excess supply of residential and commercial construction.
I think right now, signs are that aggregate demand will not catch up, and that prospect grows more likely if the PIIGS and Euro crisis cannot be resolved quickly. Deflation is already occuring in Spain, and that may be what has rattled financial markets recently, in addition to the turmoil in Greece.
But you also have a good point, should aggregate demand increase quickly enough, as it did in post WWII recessions before 1990.
My opinion is that things are so messed up, we will have to keep watch for one or the other developing over the next few years, as data comes in. For immediate future, I think that it should now be clear that the financial crisis of 08 and 09 is not really past, and the possible damage to the real economy from more financial turmoil makes deflation the greater worry, right now, if not several years from now.
Right now, the problem with housing prices not falling enough is likely to remain a relative price problem (which is a big problem on its own), not a signal of excess aggregate demand.
Just the top of my head opinion.
MikeJ
The copper river salmon is here!
About to go on the grill, Frei Bros pinot breathing now.
IndyLib
@JG:
Sestak is a retired Navy Rear Admiral. I have a sneaking suspicion that what could considered assholish behavior to his Congressional staff would have been acceptable and expected behavior toward his Navy staff. Admirals are not known for being warm and fuzzy bosses and some retired military guys have a hard time letting go of the mindset when they retire.
@Jim:
Sestak might not be a “liberal” (whatever that means these days), but he has a 100% rating from NARAL, an F from the NRA, a 100% rating from the League of Conservation Voters, and was an original co-sponsor of the Employee Free Choice Act. I’d love to see more Dem Senators with those liberal credentials.
Comrade Luke
Fucking Bruins
valdivia
The geeks are going to save us (or is it the nerds?)
Anyway, very cool and the right thing to do.
Yutsano
@Tattoosydney: How awful. I condemn you to a tongue lashing from Pedro. Preferably involving tons of Vegemite.
@IndyLib: The complaints about Stesak sound exactly like the bitches they say about my father, who was a CotB before he retired. You get VERY used to saying something and that something happening. I’m guessing they’re just not used to how the Navy does command structures, which is of course logical.
Anya
@John Cole: I actually remember Sestak during the primary as a reasonable Hillary supporter. He was respectful and articulated why he supported her without being a dick about it. He was always respectful towards Obama. His voting is reliable so based on that I think he would be a better Dem Senator than Specter.
jeffreyw
@MikeJ: Yum! More pics when it’s off the grill, please.
Ruckus
@soonergrunt:
I can’t be the only one who did get it.
Gregory
@soonergrunt:
But McArdle will have been paid more and have diluted the once-prestigious name of The Atlantic with her dreck into the bargain.
Feh.
Gregory +4
cleek
Ezra’s taking some heat in comments on that second one. i kinda wish i knew WTF any of the controversy was about.
but i don’t.
and really, i don’t care to.
fuck punditry.
5K in the AM. gotta get some sleep.
fuck fatigue.
Gregory
@jacy:
Fixed.
Martian Buddy
@mr. whipple: Yeah, he was one of three GOP senators who voted for it (the other two being Snowe and Collins.)
Wilson Heath
It’s really disappointing to hear her being wrong every Friday evening on NPR. Didn’t they already have Bobo covering that job sufficiently in their schedule?
jl
Another perspective on the McArdle/Klein flap is that this money is peanuts. Reading the report referenced in the CBO directors blog linked to by Klein,
http://www.cbo.gov/ftpdocs/114xx/doc11493/Additional_Information_PPACA_Discretionary.pdf
this is 115 billion over 2010 to 2019, or about 11.5 billion a year. US GDP in 2008 was 14.2 trillion. In other words, this is about 0.08 percent of the US GDP each year.
To put in perspective, look at projected spending with and without healthcare reform, and the cost of the health care reform bill compared to other things such as the Bush tax cuts and the Iraq war in the econbrowser link. We are facing an increase of about 0.5 percent of GDP per year in health care expenditure unless costs are brought under control.
PPACA and “What If?” Scenarios
Menzie Chinn, Econbrowser
March 31, 2010
http://www.econbrowser.com/archives/2010/03/deutsche_bank_o.html
Yutsano
@jl: Pfft. Who lets facts get in the way of a good outrage? The point is that Obama can now be tarred as a liar and the GOP can use this to try to get back into power. Or I’m just cynical.
jl
@Yutsano: thanks for that perspective. I guess that means it is time for me to out and drink! A lot!
Yutsano
@jl: It is Friday after all. We all should be pissed out of our gourds. Save those of us who don’t imbibe. We just get to kick back and DD.
Sentient Puddle
@cleek: Here’s the controversy, courtesy of one of the comments:
They’re embarrassed that someone so young can totally pwn their shit.
(But f’real, it’s just a bunch of morons who don’t know how accounting works)
Yutsano
@Sentient Puddle: What really annoys me is as the baby boomers enter retirement and the younger generations slowly take over, they will get more outraged that the young folk might just know a thing or two about how the world works. And their resentment will just increase the more they get out of power, and the more they will vote for anyone who promises to mitigate or stop the change. It really just means we need to start encouraging younger folks to start voting. And answer their damn cells for polling.
frankdawg
@Wilson Heath:
I think they are trying hard to get rid of that awful nickname as N ice P olite R epublicans by dropping the NP parts. They have a couple of Saturday programs that would not be out of place on FAUX Nudes.
I know zero about Sestak but I know enough about that worthless POS he is running against. Sphincter often talked nice in the last 17 years but when it came time to vote he always voted wrong. I’d tend to vote against him simply because I believe it is always easier to get rid of a newer Senator than a long-term one. But there are so many shitty Dems right now that they only look good when compared to their Republican alternatives.
QDC
I took McMegan off my Google reader ages ago and have never looked back. She seems to use the fact that she went to business school(!) as a basis to claim expertise on any issue that involves money. She is so consistently wrong that any sense of embarrassment at her ignorance must have long ago been dissipated. She seems to have the commentariat she deserves.
QDC + a bottle of Malbec
Triassic Sands
@Anya:
I think you’re right, except I wouldn’t really classify Specter as a Dem, but rather as an Opp (as in Opportunist), and they are never reliable.
Sentient Puddle
@Yutsano: Not that I disagree with your assessment (I don’t at all), but I think there’s something more to it. As one of the said young folk (about two or three months younger than Ezra), I had arguments with other such young folk right after the health care bill passed. They were spewing out that libertarian bullcrap about how we don’t need more government and other dumbass arguments, and I had to be all “No, you’re demonstrably wrong, and here’s the specific section in the bill that proves it” (which naturally, they never bothered to comprehend). It sort of boggles my mind that I see so many otherwise smart people my age buying into that crap.
So unfortunately, we got that willful ignorance feeding into the problem as well. I’m doing my best.
frankdawg
@Yutsano:
As a boomer myself there are some things that I think are important to keep in mind about us as a group:
We were vocally, emphatically against war – as long as we were subject to the draft but completely OK with the Reagan and Bush invasions.
We were for civil rights and government assistance to the poor & disenfranchised but elected St. Ronnie the government gutter and now make up the backbone of the teabaggers.
We thought we invented ‘free love’ and pot abut now support repressive sexuality and pot laws.
AS a group we are self-centered, arrogant, demanding, greedy bastards. I can only imagine we will get worse once we start collecting the Social Security. Good luck kids!
PeakVT
@Wilson Heath: Blame APM for McAddled, since it produces Marketplace.
soonergrunt
@Ruckus: It would seem that you are. Shame really. I thought it was at least worth a chuckle.
Martin
@Mnemosyne: The whole story is looking pretty sordid. The guy who picked up the phone is pretty solidly in violation of the law and it sounds like he immediately started shopping it around.
Gizmodo clearly knew it was stolen before they took it apart, and had they not taken it apart and given it back as soon as Apple asked, my guess is that there’d be no story here for them. Brian is fucked. I’m not exactly surprised. I know Brian and he can be a douche. He thought he could punish Apple by shoving as much info in their face as he could manage. I’m almost certain that publishing the exterior shots of the phone, possibly even turning it on and doing all of that would have kept Gizmodo in the clear on the trade secrets charge. Once they opened it and published that info, they were fucked. And being belligerent with Jobs and Apple legal council is just going to cause that knife to get twisted even harder when the hammer comes down.
Yutsano
@Sentient Puddle: There will always be those that insist upon an authoritarian hierarchy to life. That has been true since we first evolved on this planet (there I said it, suck it your creationist hoors!) and will be true until we go extinct, either by our own devices or by the natural courses of Gaia. They have been told that by their better and they will listen to that and not question it because daddy always takes care of them. Even if it flies in the face of the evidence right in front of their noses.
@frankdawg: You just made the best argument for death panels I’ve ever heard. Thanks!
Jeff Fecke
@Sentient Puddle:
Yeah, we all learned this during the health care debate, when health care reform was almost scuttled by anti-choice zealots in the Democratic party.
Oh, wait — I mean we learned precisely the opposite during the health care debate. Congress can do a whole hell of a lot to chip away at the right of women to medical treatment. And they do, regularly.
MikeJ
@Jeff Fecke: Exactly. All congress has to do is pass some dumb ass prohibition on abortion and then let it go to the right wing supreme court.
Yutsano
I can’t help myself, but I just saw this and about shit myself:
http://www.cnn.com/2010/OPINION/05/14/rabbi.lesser.privacy.kagan/index.html?hpt=C2
I’ve known Joshua for years, he’s an amazing guy. A gay bodybuilding rabbi. He’s seriously all kinds of awesome.
BTW if I ever do take the plunge into marriage he’s who I asked to officiate, he readily agreed as long as I paid for him to go to Vancouver.
soonergrunt
@MikeJ: And Congress will NEVER do that. They had ample opportunity during the Bush Administration/Conservative Supreme Court/Wingnut Majorities in Both Houses era, and yet abortion is still the law of the land, even if the procedure isn’t easy to get.
As long as there’s money to be be raised from the hicks and rubes, the legal right to abortion isn’t going anywhere.
Yutsano
@soonergrunt: In fact, not ONCE during the six years the Republicans had the majorities did they ever bother to outlaw abortion in any form. But they’ll still hand out the cash for their saying they hate killing zygotes.
Anne Laurie
@soonergrunt:
Yeah, and that means Jenna Bush, or even Bristol Palin, will be able to erase the evidence of their unfortunate encounters with very little inconvenience and at reasonable expense. But every craven Congresscritter or crusading state legislator who puts up every-sperm-is-sacred roadblocks in their own baliwicks makes it that little bit harder for the women at the bottom 75% of the economic pyramid. Stupid niggling bullshit like ‘waiting periods’ and ‘mandatory ultrasounds’ punish the young, poor and vulnerable for the political advantage of the old, rich and privileged.
(Which of course you already know, but it needs to be said.)
Ruckus
@Yutsano:
The takeaway comes at the end:
Rather than speculate about her, let’s look at ourselves. She has unearthed the fact that we all play the game. She reflects back to us our insatiable desire to know and our struggles between pride, prejudice and privacy. What we must do is distinguish our curiosity and unease around not knowing her sexuality from whatever it is that we need and deserve to know: Is she qualified to serve on the Supreme Court based on her abilities?
I think he has a point. But I think it is a little, but only a little overemphasized. Not all of us care is she or isn’t she. Some of us only want to know the answer to the last line. And from what I can tell she has the qualifications.
El Cid
@jl: This shouldn’t be about whether or not Krugman is a perfect source.
The point of my snark was to emphasize that a bunch of loonies are poisoning our national economic ‘debate’ by claiming we’re currently facing massive inflation — and they’re not talking asset bubble inflation or a still-over-inflated housing value bubble, but the actual macroeconomic meaning of ‘inflation’ in which you measure price moves in core products — and there is no evidence whatsoever that there is or will likely be ‘regular’ inflation.
And whether or not deflation seems actually likely to occur, it’s currently more in line with available evidence than inflation.
Yet talk to most any of your co-workers, or tune into right wing radio, and all you hear over and over is (a) we got to stop the high taxes (though taxes are lower) and (b) we got to stop inflation (though there has been no inflation and currently there is no sign of inflation around the corner).
If people don’t like Krugman, find another significant economist who thinks that the core inflation rate has gone up recently, or looks to do so soon.
marcel
Duty Calls, Someone is wrong on the internet!
Derek
@MikeJ:
Holy shit, that is a piece of salmon alright. I wanna dip my balls in (on) it!