You really have to go searching desperately to find any contemporary examples of good, old-fashioned runaway inflation.
Paul KrugmanWhen the Fed decides that inflation is too high, they have the tools, and they've shown historically that they have the will, to bring it down. And, it might be painful.
Paul KrugmanAnyone who thinks that the last 80 years, ever since FDR took us off gold, have been a doomed venture, that strikes me as kind of cranky.
Paul KrugmanSocial Security is a social insurance program - it is not designed to be the same thing as a 401(k).
Paul KrugmanThere has been plenty to criticize about President Obamaโs handling of the economy. Yet the overriding story of the past few years is not Mr. Obamaโs mistakes but the scorched-earth opposition of Republicans, who have done everything they can to get in his way - and who now, having blocked the presidentโs policies, hope to win the White House by claiming that his policies have failed.
Paul Krugman