Krugman Says He Was ‘Wrong About Inflation,’ Summers Talks Recession, Biden Criticized Over ‘Half-Truths and Fibs’In mid-June red hot inflation reared its ugly head in America once again, as the latest U.S. Bureau of Labor Statistics’ Consumer Price Index (CPI) report indicated that inflation in June rose at the fastest pace in over 40 years.
The increase in inflation in America recorded in June 2022 rose at the fastest pace since November 1981.
Following the latest CPI data, reports noted that West Virginia’s senator Joe Manchin snubbed Biden’s climate bill over inflationary concerns.
Krugman also quickly mentioned Larry Summers, a former economic adviser to ex-president Barack Obama.
What do you think about the flak U.S. president Joe Biden is getting for his statements about the economy?
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