US Core inflation level lowest in 3 years

The Op-Ed is written by Alan S Blinder - who is not part of the wsj staff and is generally considered a moderate to slightly left leaning Keynesian. As I recall he was the author of my Econ 1101 course book in the early/mid eighties.

Seems like he is saying that both supply issues and stimulus/demand issues played a part - which is what most sane people have been saying from the beginning.

https://archive.ph/iewIF

 

OP Reader's Digest version: "Inflation went up so hard and so fast that the continued increase in prices is not as bad as before." Enjoy!!!

Reminds me when I was in an industry that delivered poor customer service and I told my (sales) boss we should have a marketing campaign saying
"We're not as bad as the guys you're using now!!!" He didn't like it.

 

You're metaphor isn't so great because in a healthy economy you want a small amount of inflation. So yes, there should be continued price increases but at a much smaller rate. If prices went down that would mean massive unemployment and wage decreases. Is that what you want?

 

LOL, THFSG rich folks continually throwing the poor and middle class under the bus.

 

Are you willing to throw poor people under the bus for deflation?

 

No need to. Bidenomics threw the majority of them under it in 2021.

 

Child poverty reached a historic low in 2021 thanks to Biden. Your boys and Manchin are the ones that blew it up

 

That is one of the most ridiculous and narrow minded posts ever on a board that is famous for ridiculous and narrow minded.

Time to come clean; Are you on Biden’s Council of Economic Advisors?

If not, you should call them. They welcome illogical economic thinking.

 

My goodness this is good news why are partisans pretending it isn’t.

 

Who is pretending it isn’t good news? All
I see is someone calling out the fact that it is the narrowest of narrow margins trying to bolster an entire economy. Not only that there were no stats given, no context given. Since 2021 was still feeling MASSIVE CoVid effects I think some context might be good. I believe just last year (2022) there were still MILLIONS of children unaccounted for as far as schooling goes . They have “disappeared” thanks to shutting down schools during CoVid. If someone
Is going to use child poverty as the thing to prop up this Biden economy maybe there should be some context and data shared? Maybe we should know how those numbers were attained and how they reflect on the economy as a whole.
But … no
No one has claimed that lowering child poverty isn’t a good thing.

 

Uh, no one is saying it wasn’t (it was 2021, so it’s not news) good. What they are saying is that the entire economy was damaged and will take the rest of this decade at least to recover.

Pumping 18 months worth of GDP in liquidity into a supply strained economy???? Great work Trump, Biden, House and Senate.

Sane people at the time sarcastically asked; “What can go wrong”? Now all of the people who supported this nonsense know what can go wrong.

And BTW, that child poverty metric that you all are reaching for to rationalize Bidenomics is probably going to get a lot bigger with this inflation.

 

So a pull back in pricing on everyday goods would be a disaster?

 

Core inflation is almost back to normal. Two months isn’t enough to say it’s over but it is a sign. The oil companies are screwing us right now. That won’t last.

 

That is bullshit and you know it.

City,
You’re smarter than this. Really, this won’t hurt and it will cleanse your soul. Just say; “I was wrong. Biden’s economic policies have been a disaster. I should have know better because I am smart, but I let the morons in the media convince me that this was a good idea”.

Just say it, we will all forgive and forget.

 

The oil companies aren’t screwing us, OPEC and our government policies are screwing us.