The Year and a Half of Inflation Infamy by Paul Krugman

This presentation is from October's EconEd 2022 conference in Washington, DC. In this video, acclaimed economist and Macmillan author, Paul Krugman, discusses the unique state of the economy post-pandemic and the state of inflation both domestically and internationally.
“Inflation has suddenly surged to levels not seen since the early 1980s; what do we know about how that happened, and how do we teach it?” - Paul Krugman
To explore his principles text “Economics” 6th edition, click here: www.macmillanlearning.com/col...
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[@jesuschrist8]

Opportunity cost: Do you park your cash in the bank for 2% interest rate (postpone consumption) or stock merchandise which cost increases 10% per month? Most logical market participants choose the latter and thus increases demand for goods which pushes prices up. Only when interest rate is higher than inflation rate would inflation be controlled. The faster this happen the faster the government can start lowering interest rate. But only when inflation is under control. As of now, banks and financial intermediaries must prioritize liquidity because when rates are going up, liquidity tide goes down.

[@mariarahelvarnhagen2729]

Good Perspective

[@mariarahelvarnhagen2729]

Framing Anton LaVey's Bank Of Catalunia Using Only A Charlie, A Bogie, The Number 23, And One Very Mean Walking Thug

[@mariarahelvarnhagen2729]

The Egg Came Long Before The Chicken

[@mariarahelvarnhagen2729]

Last Price Waterhouse Coopers, Last Atlantic City

[@mariarahelvarnhagen2729]

Paul Krugman Needs More Time For Good Habitat Perspectives

[@mariarahelvarnhagen2729]

Be Providers

[@adjoaburrs8224]

looking forward to this lecture

[@sunilshah7920]

He never did say why the economy is overheating….

[@drake1896]

probably the stimulus could have been better done

[@cornelgeorge5011]

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[@cornelgeorge5011]

abmmm
anmmmm

[@richardzimmermann9372]

Why is it that every time I hear Krugman speak, I intuitively revolt? He is an accomplished professor, and I am nobody, yet I find it impossible to take him seriously. His demenour is so clumsy. He ad-libs incoherently and talks about teaching the Phillips curve. All the uhms and going off on tangents. The protruding ears and his unkept beard. All the unhelpful references to nobody knowing anything. The exasperated breathing out as if the audience had asked a stupid question. The references to WW2. I know, it's all ad hominem, but it's surprising how the man creates such a strong emotional response...

[@Guizambaldi]

You revolt because you are a silly person who cares about form instead of content.

[@Laurence2000]

I doubt this extreme and personal response is experienced by most people. Krugman seems like a naturally anxious, sharply introverted individual who has never gotten quite used to public speaking no matter how many times he’s done it, and I’m not going to ding him for that.

[@jessicaadami3499]

maybe you should focus on consciously judging people on relevant information rather than using our default ape-brain diagnostic tool of whether they'd make a good mate or not.
He clearly has a very common fear of public speaking - you aren't having a personal conversation with him, why allow the obvious social anxiety to get an emotional response from you at all? I think the solution to your problem lies within how you operate your own mind ( I'm not trying to sound rude but rather offering my two-cents on your issue, it's definitely a virtue that you are self-aware enough to identify the problem)

[@necaro]

@@jessicaadami3499 Excelente economista, sem dúvida...mas terrível a ensinar. Se é introvertido, que se limite apenas a escrever.

[@necaro]

I feel exactly the same, Richard! Excellent economist, I suppose...terrible teacher, I imagine. But I'm probably wrong on both! 🙂

[@farzadfadai7238]

Paul Krugman is completely clueless. What about years of QE and zero interest rates? I guess in his mind they had no effect on economy and inflation.

[@Guizambaldi]

Don't talk about the interest. It is not a reliable indicator of monetary policy. A low nominal interest rate means low demand, generally, not high demand.
Money supply is slightly better, but NGDP is the right indicator. QE added money, most didn't go anywhere. It does look like demand was too strong, but nowhere near your dramatic statement.

[@stevo-dx5rr]

Well…years of QE and near-zero rates probably helped fuel demand once we transitioned into the pandemic economy. All that money in the form of asset inflation finally had an outlet.