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Paul Krugman@pkrugman.bsky.social |
Remember all those 2022 predictions that getting inflation down would require years of very high unemployment? Here’s where we are now (using the Cleveland Fed nowcast for May)
20 replies 143 reposts 626 likes
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@dredecopp.bsky.social
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Looks like 3% is a better target than 2%.
0 replies 0 reposts 0 likes
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Raymond Gibson
@raymondgibson.bsky.social
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Can we do something about tge Trump tax cuts?
2 replies 0 reposts 3 likes
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Two Whoppers Junior
@jasonthee.bsky.social
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But what about the vibes?
0 replies 0 reposts 1 likes
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diogenes
@philosophybot.bsky.social
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Same with the Eurozone. Look at the impact of energy.
0 replies 0 reposts 13 likes
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Hannibal Hamlin Wildlife Preservation Trust
@rustylemon.bsky.social
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A victorious Paul Krugman drags his enemies behind his chariot like Achilles to Hector around the walls of Troy.
0 replies 0 reposts 25 likes
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The Wainscoting Guy
@squigglymips.bsky.social
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Turns out all you have to do is manipulate the stats by redefining what unemployment is
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Eric Carroll
@ericcarroll.bsky.social
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The Kruginator 💪
0 replies 0 reposts 1 likes
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Redir
@red1r.bsky.social
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Nice and soft.
0 replies 0 reposts 0 likes
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Moderately Grouchy
@moderately-grouchy.bsky.social
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Some day soon the combination of stagnant wages, tremendously increased productivity, and no change in the 40 hour work week is going to cause unemployment and inflation on a grand scale, once companies are no longer able to pocket the excess output for shareholders.
0 replies 0 reposts 1 likes
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Excalibur Discount Legal Services
@kevychristian.bsky.social
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This is why we need the min wage chained to the CPI like SS payments. Wages are so much slower to adjust to inflation than prices. Employers need to be forced to automatically adjust wages. And if they have to adjust the min they’ll be forced to adjust all the wages to retain higher paid employees.
1 replies 0 reposts 3 likes
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DBdant
@dbdant.bsky.social
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Perhaps one factor in the drop in "inflation" is that it's actually "greedflation" and price gouging by corporations. Consumers have had enough, and are fighting back with their only weapon - their wallet.
0 replies 1 reposts 12 likes
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Agent Kooper
@agentkooper.bsky.social
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Now we have companies like Target announcing price drops and trying to sell it as "helping their customers" when in reality the price increases were based in greed and they're finding there are a lot of things people won't buy when prices go up.
0 replies 0 reposts 0 likes
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Baito
@beyondbaito.bsky.social
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Thanks Joel Brandon
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condo potato 🥔
@condopotato.bsky.social
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People, including economists (derogatory), make wrong conclusions when their premises are wrong. In this case, they think of inflation like a force of nature rather than a bunch of assholes realizing they can get away with price gouging
0 replies 2 reposts 46 likes
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Ace
@dygytylace.bsky.social
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how is inflation down when prices are still high, like when they were at peak inflation or are you meaning the inflation rate is down to where it is closer to normal your house isn't worth more your money is worth less
1 replies 0 reposts 0 likes
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Ozmodiar, Space Elf
@ozmodiar.bsky.social
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Amazing that the Fed can't just take the W
0 replies 0 reposts 1 likes
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Arthur Wyatt
@arthurwyatt.bsky.social
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But what if they LIKE unemployment?
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Cooper Lund
@cooperlund.bsky.social
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Hell yeah dunk on ‘em
1 replies 0 reposts 43 likes
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Open Risk
@openrisk.bsky.social
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can one decompose this decline into contributing factors? like how much might be due to reduced consumption for the same market structure (the same actors lowering prices) versus an increase in market competition for the same consumption (new actors getting market share at lower prices)?
0 replies 0 reposts 0 likes
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@roudy1.bsky.social
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unemployment is artificial it is created and allowed by all americans the wealthy want more profits the govt pays to send companies and jobs to china the rest buy china brand products and cry about employment solution bring jobs back from china stop buying china made stop supporting enemy nations
0 replies 0 reposts 0 likes