Paul Krugman: "I got inflation wrong..." (plus Matthew Klein gets a positive review from the Nobel Laureate)

From the New York Times' Paul Krugman:

Real final demand (excluding inventories) is up 2.6% over the past two years. That's well short of normal growth in potential output 2/ pic.twitter.com/CK4M5DpkQm

— Paul Krugman (@paulkrugman) November 14, 2021

THREAD

click through for high praise for, and a chart extracted from, (former Alphavillain) Mr. Klein's The Overshoot substack.

Earlier:
The New York Times Talks Inflation

Something's going on with the framing of the story.

If I had to guess I'd say both the President and Vice President are about to be thrown under the bus by the powers-that-be.