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Paul Krugman's latest NY Times op-ed (yet to be posted online) examines why so many economists got the US recession call wrong in 2023. He writes:

"So it sure looks as if economists made a bad recession call. Why were they wrong?One answer might be to ask why anyone would ex...

 

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US recession | Inflation | Krugman does it again

Once again Paul Krugman uses alternative semi-annual inflation measures to argue his case.