Sunday, March 27, 2016

Krugman Mobbed in Tokyo

Paul Krugman met yesterday with Japanese Prime Minister Abe. Below is a pic he tweeted out, takenfrom after the meeting.

I'm guessing he collected his usual $200,000 fee. The same one that was paid to him by Putin.

He almost sounded like an Austrian-lite when commenting to Abe and other officials that central bankers appear to him to be stuck:
[W]e are seeing the difficulty in achieving goals through even very bold and unconventional monetary policy.
It's babble, but it pays well and does draw a crowd.

And I am filing this part of his comments for future reference:
[In the US]  Inflation is still below target and wages are not going much of anywhere, which suggest that we are not doing too well... 


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