rule #1 of macroeconomics: Paul Krugman is always right
rule #2 of macroeconomics: if Paul Krugman appears to be wrong, see rule #1
Biased Statistics
Europe versus America: A response to the critics
The puzzle is real, even if you don’t like my explanation
(Paul Krugman)
paulkrugman.substack.com/p/europe-ver...