Krugman: Low Unemployment Causes Inflation, Not Monetary Expansion

<p>Paul Krugman claims that the real factor determining inflation is the rate of unemployment, not increases in the supply of money. As usual, he is wrong.</p><p>Original Article: <a href="https://mises.org/mises-wire/krugman-low-unemployment-causes-inflation-not-monetary-expansion" target="_blank">Krugman: Low Unemployment Causes Inflation, Not Monetary Expansion</a></p><p> </p><p> </p>