Bloomberg @Business challenges Paul Krugman for the hottest take on inflation this weekend

Greg P. | 4:47 PM on December 12, 2021

NY Times columnist Paul Krugman argued this weekend that inflation does not really hurt poor people:

"Inflation especially hurts the poor" has truthiness — it sounds like it should be true. But I don't see either evidence or a mechanism 4/

— Paul Krugman (@paulkrugman) December 11, 2021

Um, WHAT?

What!? https://t.co/McOBCnjYDP

— Matt Vespa (@mVespa1) December 12, 2021

Maybe take a trip away from New York City’s East Side, ‘eh?

Holy fugging shit. Gas and groceries. I am really blown away by this. https://t.co/RqhQNv3bX8

— Breaking News Jack. (@jackmeridan) December 12, 2021

Yep:

Imagine being a Nobel Prize-winning economist and having to pretend like you honestly believe poor people have as much disposable income as rich people because the people who fund your paychecks will not brook any criticism of Joe Biden. https://t.co/CV6lkrSjB8

— Arthur Boreman Once Held His Breath for 30 Seconds (@ArthurBoreman) December 12, 2021

But not to be outdone, here’s Bloomberg @Business telling people just “spend your paycheck right away” to beat inflation:

Some of the advice on how to cope with rising inflation includes: Spend your paycheck right away https://t.co/7iWXqA0Pl2

— Bloomberg (@business) December 12, 2021

Literally. They’re literally sharing tips from Argentina. That’s where we are right now:

Inflation tips from Argentina.

We have now officially reached the shark jumping moment of inflation news reporting… https://t.co/QkwjaQDZlX

— Tony Fratto (@TonyFratto) December 12, 2021