Red flag: Paul Krugman is optimistic about the economy

Red flag: Paul Krugman is optimistic about the economy
Paul Krugman (Image: YouTube screen grab)

[Ed. – Krugman: Reliably wrong in his forecasts.]

Paul Krugman, the left-wing economist who writes for the New York Times, is excited about the coming “Biden Boom” that will follow, he explains, the rollout of a COVID-19 vaccine. The Biden Boom, he probably forgot to note, that depends on the Trump vaccine.

Given Krugman’s record, his upbeat forecast is alarming. As many remember, he predicted in 2016 that the election of Donald Trump would usher in a global recession, “with no end in sight.” Oops.

Krugman’s pessimism about the Trump economy, colored by his hatred of the president, endured. In April 2019, the NYU professor opined that the bond markets were signaling an imminent recession. Indeed, throughout 2019, as David Harsanyi wrote in a National Review column titled “Paul Krugman: Always Wrong, Never in Doubt,” the professor published: “Why was Trumponomics a Flop?”

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