Friday, May 13, 2011

More Good Material from Paul Krugman

As 12-month CPI comes in at 3.2%, and the April rate is at an annualized 4.8%, (And the first indications of climbing wages are coming from Silicon Valley), Paul Krugman tells us:
There has been very little evidence of commodity price rises spreading more broadly through the economy, and none at all of a wage-price spiral.

No comments:

Post a Comment