ERIE, Pennsylvania — Two weeks ago, Nobel Prize-winning economist Paul Krugman told CNN anchor Christiane Amanpour there is a peculiar disconnect between how the economy is doing and how the public is feeling about it.
Amanpour pressed him on why people weren’t understanding that they are living in a “sunny economy.” He had asserted that “the economy’s rebound has been surreally good,” yet people keep saying it is terrible.Krugman pointed to surveys and even some people’s behavior, noting robust discretionary spending in travel with hotels and restaurants, and was perplexed as to why people, as if all people were traveling, thought there was a problem.
When gas prices rise, food prices rise. Has Krugman or Behar bought milk lately? A staple in almost every family's home is now well over a dollar more a gallon than it was in 2021, with the average price at $4.31 per gallon for conventional whole milk, $4.26 per gallon for conventional reduced fat 2% milk, $4.86 per half-gallon organic whole milk, and $4.86 per half-gallon organic reduced fat 2% milk.
Ardell Martin, a retiree who lives on a fixed income, said her trips to the grocery store, a thing she used to enjoy, now fill her with dread.
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