Krugman: Bidenomics got it right on policy and prosperity
By Paul Krugman / The New York Times
It’s hard to overstate just how good recent economic numbers have been.
On Friday, we learned that job growth is still solid while unemployment remains historically low. I think it’s safe to say that Donald Trump’s 2020 prediction that a Joe Biden presidency would mean a “depression” — a claim he’s now repeating by predicting a “great depression” if Kamala Harris wins — didn’t come true.
A week earlier we learned that inflation has continued to decline and is now near the Federal Reserve’s target of 2 precent. This success has defied the view, held by many economists just a couple of years ago, that disinflation would require years of high unemployment.
So does this good news vindicate Bidenomics? I would say yes; but not quite the way you might imagine.
https://www.heraldnet.com/opinion/krugman-bidenomics-got-it-right-on-policy-and-prosperity/