He's right.
As he also is on inflation.
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I must say that the presenters on US tv are always very well turned out, as are those on the satellite channels in the UK. There is no football team for Great Britain, but the gentlemen in charge of the local teams in England, Wales etc are also immaculately dressed. Why should this be, when the government broadcaster has presenters who look like they’re on the way to a buffet at their neighbour’s garden.
It certainly looks like if you depend on advertisers or subscribers for your income you dress up. Yet another flaw in the capitalist model! And if you’re in the public sector you can wear the lowest level you can get away with.
Dammit, even I don’t wear ties any more
I hold the man in high regard.
Not only how he has debunked conflating micro economics with macro economics (comparing national economics with company and household economics).
His beautifully simple explanation of how an economy really works for example: ‘ Everybody’s wages is someone else wages’.
Krugman is a good lad.
If memory serves, it was this 2015 article from Paul Krugman that led me to start reading your blog Richard.
https://www.theguardian.com/business/ng-interactive/2015/apr/29/the-austerity-delusion
I feel like I have learned a lot since but that maybe ignorance had its elements of bliss.
🙂