What History Tells Us About the Feel-Bad Economy

https://www.nytimes.com/2023/11/09/opinion/biden-economy-unemployment-history.html?unlocked_article_code=1.9Uw.Wv1-.8w6rj1poZI8I

2 points · 2 comments · view on lemmy.world

2 Comments

Imbrex@lemmy.world · 2 pts · 2y

What is this? I'm agreeing with Krugman? Has the world gone mad? Thanks a lot Biden.

SpaceNoodle@lemmy.world · 0 pts · 2y

Surprisingly braindead take from Krugman. Real wages aren't up that much, and everything, especially housing, is significantly more expensive now than a few years ago. Interest rates going up just makes it worse.