Paul Krugman@pkrugman.bsky.social |
So core inflation ex shelter — which lags far behind market prices — was 0.0 mom and 1.9 yoy. Inflation has basically been defeated.
8 replies 51 reposts 174 likes
Paul Krugman@pkrugman.bsky.social |
So core inflation ex shelter — which lags far behind market prices — was 0.0 mom and 1.9 yoy. Inflation has basically been defeated.
8 replies 51 reposts 174 likes
Captain Hurley
@zoonie.bsky.social
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That is impossible in a capitalist society, unless no one ever has a pay rise ever again, there are never any scarcities of any commodity and.... etc. Why are you saying things about economic conditions which can be shown as demonstrably daft in about 3 seconds by non-economists?
2 replies 0 reposts 0 likes
@mrturdferguson.bsky.social
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And right below your post is the NYT with the headline of 3.3% inflation for the past year
1 replies 0 reposts 0 likes
@specialblend.bsky.social
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Fed continues to do nothing because it would help biden
0 replies 0 reposts 2 likes
@bobson-dugnut.bsky.social
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Lets build some apartments, eh?
0 replies 0 reposts 10 likes
Wendell Albright
@wendella.bsky.social
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But but I want 1990 prices again, but keep 2024 wages, WAAAAHHH!
0 replies 0 reposts 0 likes
Mike B
@madhominem.bsky.social
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reading this as an Atlanta-area commercial swears inflation is out of control...and when Biden says otherwise, "Is he lying, or is it DEMENTIA???"
0 replies 0 reposts 1 likes
Sam
@sammyzorba.bsky.social
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"Inflation" is an abstract concept, an attempt at measurement. Prices are not abstract, and almost all Americans know that prices for everything needed to LIVE in the US are far higher than only 3-4 years ago. (And few if any are falling.) This economic measurement is severely misleading.
0 replies 0 reposts 0 likes
ADK
@andrewdk.bsky.social
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They still won’t cut rates
0 replies 0 reposts 4 likes