Paul Krugman doesn’t cook?

posted on December 19, 2011 in

This link says that statements by Dr. Krugman indicate that he doesn’t cook. This is the ‘graph in question:

One popular Austrian commentator who has advised Paul, Peter Schiff, even warned (on Glenn Beck’s TV show) of the possibility of Zimbabwe-style hyperinflation in the near future.

So here we are, three years later. How’s it going? Inflation has fluctuated, but, at the end of the day, consumer prices have risen just 4.5 percent, meaning an average annual inflation rate of only 1.5 percent.

After reading this, I find the Chortler’s statement to be utterly ludicrous. There’s no way to tell from that statement whether Paul cooks or not. The only thing we can tell for sure is that Paul doesn’t buy his own groceries.

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