The 2022 'Inflation' Is the Stuff of the Rather Entitled

Memory says it was a New Yorker cartoon from decades ago which referenced a portion of the population that still believed in Santa Claus. Many readers have probably arrived at the cartoon’s punchline: the Democrats were the ardent believers. Get it? 

It seems they still believe. In his recent acknowledgment that he was wrong about the “inflation” of the moment, Democratic Party hero Paul Krugman pointed to the $1.9 trillion American Recovery Act as something he misread. Apparently it stimulated the economy too much, and inflation was the result. Some Dems believe in Santa, and some really do. Classify Krugman in the “really” category.

 

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