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Paul Krugman

US inflation shows the power of media narrative

US President Joe Biden’s inflation, rather than his jobs boom, has captured the headlines. How does that happen?

Paul KrugmanContributor

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President Joe Biden had what I’d call a human moment on Monday (Tuesday AEDT). After a Fox News correspondent shouted out a question about whether inflation would be a political liability, Biden could be heard muttering: “No, it’s a great asset. More inflation. What a stupid son of a bitch.”

Seriously, can you blame him?

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Paul Krugman is a New York Times columnist and Nobel Prize winning economist.

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    Original URL: https://www.afr.com/world/north-america/us-inflation-shows-the-power-of-media-narrative-20220126-p59rfn