13 October 2023
Nobel Laureate Paul Krugman boldly declared the “war on inflation” won, with “very little cost,” a statement met with skepticism amidst the reality that the average American family is now $7,400 poorer than in January 2021. Contrasting his optimism, the palpable impacts of inflation and economic strategies under “Bidenomics” present a stark, financially-straining reality for many, suggesting that the alleged victory may indeed have come at a significant, albeit unevenly distributed, cost.