New York Times columnist Paul Krugman, a master in the art of being perpetually wrong, stayed true to form by making the ludicrous claim that 2023 was a stellar year for the U.S. economy under President Joe Biden.
Krugman brazenly claimed in a Dec. 18 column that “2023 will go down in the record books as one of the best years ever” from an “economic standpoint.” Yes, you read that right. Krugman continued to spew nonsense by characterizing 2023 as a “year in which inflation came down amazingly fast at no visible cost, defying the predictions of many economists that disinflation would require years of high unemployment.” This is misleading. Inflation hasn’t come “down” as Krugman’s choice of words implies. “Disinflation” means prices are still increasing at a slower rate, and they’re over 17.6 percent higher than when Biden…
