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Food
(hexbear.net)
https://x.com/NathanJRobinson/status/1800915894585147399
Krugman, despite being a neoliberal knows that food is an essential item. So likely he is propagandizing for Biden.
Look at personal savings rate.
Isn't "people buying things they can't afford" one of the most common mantras of mainstream economics? And now a nobel prize laureate tells us it don't happen?