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Paul Krugman@pkrugman.bsky.social |
Here are what I consider the key points about negative views on the economy. 1. People are down on the economy 2. They’re fairly positive about their own finances 3. They’re relatively positive about their local/state economy 4. Views on the economy are extremely partisan 1/
9 replies 34 reposts 180 likes
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Paul Krugman
@pkrugman.bsky.social
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Many try to explain 1 by saying that things are really bad, eg bc of interest rates. But this doesn’t explain 2,3 or 4. Others say that people are angry about past inflation, while believing that they earned their offsetting wage increases. This could explain 2 but not 3 and 4 2/
3 replies 11 reposts 99 likes
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Jim Poteet
@jimpoteet.bsky.social
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The world we live in and the world we think we live are two very different worlds. We are being manipulated by social media.
0 replies 0 reposts 0 likes
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@jeffzeboss.bsky.social
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Are statements about the economy even still a statement about the economy or a statement on whether you support Republicans or Democrats. Same for climate etc., it's not about truth, it's about who you are and how you can get what you want
0 replies 0 reposts 2 likes
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Clancy Parliament
@clancyparliament.bsky.social
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My guess is attribution error: Rising prices are the fault of inflation/government My income is rising to meet it, but that's because of my hard work/new skills/hard-nosed negotiations/finding a better job etc. Tf the economy is so bad, look how much I have to do to keep up!
1 replies 0 reposts 6 likes
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@peterkurze.bsky.social
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First law of economics: If you measure the wrong things you make bad decisions. In the real world of our experience, all of the externalities have been fully factored in.
1 replies 0 reposts 1 likes
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EndoftheAisle.bsky.social
@endoftheaisle.bsky.social
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Only 16% of people like congress but 46% like their own congressional representative.
0 replies 0 reposts 3 likes
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H.D. Gregg
@hdgregg.bsky.social
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1. My salary went up 3% this year. 2. My housing cost increased 16% 3. This is not sustainable 4. My CEO makes 21 million 5. Capitalism is making the planet uninhabitable 6. Revolution, not elections
2 replies 0 reposts 11 likes
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PickMeSquirrel 🍉
@pickmesquirrel.bsky.social
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who the fuck is positive about their own finances?
0 replies 0 reposts 0 likes
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neuropantser
@neuropantser.bsky.social
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if i was a demonic austerity pervert with nyt inches I wouldn't account for skyrocketing homelessness, child poverty, household debt and housing insecurity either tbh. the underlying hateful misanthropy in believing everyone is lying just to vex you is grotesque
0 replies 0 reposts 0 likes