Paul Krugman
looks at this AP
story on Bernanke’s testimony and wonders out loud
How does the AP know that the prospects for deflation are remote (and note the implicit suggestion that worried Fed officials are a bit strange)?
Available
data indicates that deflation is a possibility; as Krugman dryly observes
You keep getting things like this in economics reporting; things that are just opinions – and not even consensus opinions, by a long shot — get reported as fact. And strange to say, it’s always one side of the debate that gets this kind of treatment.
