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Business
Shanthi Rexaline

Paul Krugman Smacks Down ‘Recession Truthers’ Led By Elon Musk As ‘Crypto Cultists’

Paul Krugman Elon Musk Recession Joe Biden United States Brendan Smialowski Inflation
Nobel Laureate in Economics 2023, Paul Krugman, during a lecture at the Vigo Global Summit 2023 at the Auditorio Mar de Vigo, on June 27, 2023, in Vigo, Pontevedra, Galicia (Spain). The Vigo Global Summit 2023 is an international congress organized by Consorcio de la Zona Franca de Vigo on the occasion of its 75th anniversary that brings together experts in the fields of economics, business and politics to discuss the future of Vigo, Galicia, Spain and the European Union. (Javier Vazquez/Europa Press via Getty Images)

Economist and Nobel laureate Paul Krugman revealed he had no soft corners for an emerging group he calls “recession truthers,” following a decline in inflationary pressure over the past year. 

US President Joe Biden looks on during a meeting with Swedish Prime Minister Ulf Kristersson, not pictured, in the Oval Office of the White House in Washington, DC, on July 5, 2023. US President Joe Biden on July 5, 2023, said he “fully supports” Sweden’s NATO membership bid as he spoke alongside Sweden’s prime minister at the White House. (Brendan Smialowski / AFP) (Photo by BRENDAN SMIALOWSKI/AFP via Getty Images) 
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