The Politics Of Inflation
Assessing the outlook for inflation is hard enough right now if you're committed to objectivity and steeped in the debate.
Just ask the Fed, an economist or any analyst on Wall Street.
That's not to say policymakers, academics and analysts don't harbor political biases. Nor is to suggest that being an economist means you're more likely to be right. Indeed, sometimes deeply ingrained biases go a long way towards explaining why someone holds the position they hold. That's especially true at Trea
Once during the Trump presidency, I was stuck in a patient room with a TV on Fox news. The DOW was down 800 points at that moment. So Fox ran a segment on the “economy” that ended with the hosts discussing sending each other rich Christmas gifts due to all the prosperity. Not a peep about the market. People absolutely view the economy through polarized lenses because their news feed is telling them as much
Sounds like a horrible afternoon (haha).
I remember one time when my kids were little, we were on a boardwalk over a swamp and an alligator literally leapt out of the water in front of us and ate something in a tree. Almost scared me to death.
Great nuance on the perception of inflation – lots to think about.
I haven’t been in a doctor’s waiting room, fast food dining room, bar or any other place with a TV on that the box hasn’t been tuned to FOX. Just wears me out listening to all that crap. If Dante’s hell actually exists, Murdoch is headed to a very low circle.
There was a blurb on TV with Trump admitting to having gotten his ‘booster’ shot. He made a point of talking down the boo-ers in the audience. Seems to me someone may have pointed out to him that more Republicans than Democrats are dying of Covid?