Paul Krugman was mocked for declaring inflation is over based on a heavily adjusted measure. The Nobel economist shared a chart that excluded basics like food, energy, shelter, and used cars. His X post was still at the top of the popular Wall Street Bets subreddit on Friday morning. "A totally ridiculous measure," Jim Bianco, president and macro strategist of Bianco Research, said about Krugman's chart in an X post. Krugman, a retired MIT and Princeton economics professor, admitted to being too dismissive in a follow-up X post on Friday.

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Persons: Paul Krugman, Krugman, —, Jim Bianco, Chris Martenson, Martenson, he'd, They've Organizations: Service, Index, New York Times, Bianco Research, Prosperity, MIT, Princeton, Federal Reserve