The good news is that Krugman recognizes that wages are NOT driving inflation in rents or in services. The bad news is that Krugman still invokes the specter of a wage-price spiral to call for a slowdown in wage growth. #TheDismalScience
"What Critics Of Economics Get Wrong", The Chronicle Of Higher Education (https://www.chronicle.com/article/what-critics-of-economics-get-wrong).
#Mathiness #Models #Economics #MacroEconomics #HomoEconomicus #RationalHuman #Simplistic #TheDismalScience