Economist Paul Krugman was blasted on social media, and by an economist who spoke to FOX Business, over a tweet claiming that the latest CPI numbers show that inflation is "over" and that it was defeated at "little cost." "The war on inflation is over," Krugman, an economic professor at City University of New York and a New York Times columnist, posted Thursday on X, formerly known as Twitter. "We won, at very little cost.
"Outside of food, energy costs, the cost of housing and buying cars, we won the ‘war on inflation,'" Outkick writer Ian Miller posted on X. "How did anyone ever take people like this seriously? Just completely in denial of anything that makes his political party look bad." Krugman seemingly walked back his original post on X with a follow-up post. "I was too flip here," Krugman said.