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Paul Krugman: 'I don't think we're heading for a crisis like the 1970s'

2022-06-30T17:45:22.805Z


SEEN FROM ELSEWHERE - The Nobel laureate in economics thinks that inflation should fall within a year and doubts that the ECB will have to raise its interest rates.


By Lluís Pellicer (El País)

Paul Krugman

(Albany, 69) receives

El País

before taking out his laptop to write his column in the New York Times.

He has just opened the International Congress of CIRIEC (International Center for Research and Information on the Public, Social and Cooperative Economy), which was held in Valencia, Spain.

In his speech, he mainly insisted on social inequalities.

Inequalities are one of the main stigmas of the financial crisis in Spain.

Could inflation make them worse?

Hard to say.

In the United States, we have seen a much larger increase in wages among low-income workers than among those who earn more.

In fact, we have reduced wage inequalities.

There is a problem with the big profits of the oil industry, but this is not the case in Spain.

The problem will rather be that the population will see its real income decrease.

The latest report on inequality…

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Source: lefigaro

All news articles on 2022-06-30

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