Twice a week, Paul Krugman, the Nobel Prize-winning economist, writes a column for the New York Times in which he tries to reassure Americans that the economy is OK, that we are on track for a soft landing after the massive disruptions of COVID. Krugman is popular in the opinion section and, unlike other columnists, is not a niche read. But he has a lot of frenemies. Commenters write that he just doesn’t get it. The chide him for not mentioning price gouging and corporate greed. It’s always the price of eggs they bring up. They also point out things like their wages not having increased in five years. This is one of the rare places in the New York Times where you hear from people who literally don’t have enough cash on hand. Leftist populism lives here, and though this is a small demographic in a non-news-reading America, it’s telling.
The inflation—on top of the MAGA insurgency, the continuing workplace and social disruptions from COVID, Putin’s war, and climate disasters—is making those on the left anxious and uncertain. They find it hard to defend Joe Biden because they want something sudden and new to fix it all. They want a reset from . . . from what exactly?
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