Morning Jolt: Brutal Inflation Numbers Refute the Spin

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On the menu today: The Consumer Price Index’s new numbers on inflation are absolutely brutal; Jessie Smollett gets convicted; and the wild backstory behind yesterday's "very special" Three Martini Lunch podcast episode featuring legendary sportscaster Bob Costas.

Despite a Particular Economics Columnist's Confident Predictions, Inflation Is Really Bad

Paul Krugman, May 7: "[Treasury secretary] Janet Yellen and I believe that the Fed can contain any inflationary risks."

Paul Krugman, June 21: "For those paying closer attention to the flow of new information, inflation panic is, you know, so last week."

Paul Krugman, July 23: "Overheating is still possible, and the Fed should keep its eye on that possibility. But the big numbers aren't as scary as they ...

WITH JIM GERAGHTY December 10 2021 WITH JIM GERAGHTY December 10 2021 Brutal Inflation Numbers Refute the Spin On the menu today: The Consumer Price Index’s new numbers on inflation are absolutely brutal; Jessie Smollett gets convicted; and the wild backstory behind yesterday's "very special" Three Martini Lunch podcast episode featuring legendary sportscaster Bob Costas. Despite a Particular Economics Columnist's Confident Predictions, Inflation Is Really Bad Paul Krugman, May 7: "[Treasury secretary] Janet Yellen and I believe that the Fed can contain any inflationary risks." Paul Krugman, June 21: "For those paying closer attention to the flow of new information, inflation panic is, you know, so last week." Paul Krugman, July 23: "Overheating is still possible, and the Fed should keep its eye on that possibility. But the big numbers aren't as scary as they ...   READ MORE

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