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There is a significant risk that successive inflation shocks will become entrenched in expectations, necessitating a recession to reduce inflation.
Drawn from what Paul Krugman said
Subjectinflation
What Paul Krugman actually said
- Paul Krugman Trade economist, Nobel laureate in 2008 for his work…
And there’s a big risk that the succession of inflation shocks will do what the post-Covid shock didn’t: get entrenched in expectations, so that we will need a recession to get inflation back down.
Added to korrents 15 Oct 2026 · How quotes work · Something wrong? Tell us
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