Lies, Damned Lies and Trumpflation
Big worries — and some investment advice
By Paul Krugman
If a pandemic breaks out, but the Centers for Disease Control and Prevention, on orders from the White House, refuse to publish data on its spread, will it still kill people?
Yes, of course. And that’s why I would be very cautious about buying TIPS — Treasury Inflation-Protected Securities.
I’ll explain the apparent non sequitur later. First, let me note that concerns about suppressed data on infectious disease aren’t hypothetical.
We currently have a major outbreak of bird flu, with serious concerns that it may already have spread to humans.
