- Paul Krugman praised the US economy, citing a remarkable pullback in the so-called ‘misery index.’
- US inflation has started to cool in recent months, while the labor market still looks resilient.
- “By most measures the economy is doing quite well,” Krugman said Monday.
The falling “misery index” is another sign that President Joe Biden has succeeded in reviving the US economy, top economist Paul Krugman said Monday.
The Nobel laureate once again praised Biden’s track record, citing the fact that the index – an economic indicator that measures both inflation and unemployment – has fallen to the level it was at when Biden took office in January 2021.
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