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Another thought for people complaining that inflation may be down, but prices are still high: over the past century, only one president has presided over a significant fall in consumer prices. His name was Herbert Hoover. pic.twitter.com/QpiWBpXQje
— Paul Krugman (@paulkrugman) September 16, 2024
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When can we declare that inflation is beaten? It’s not really about a specific target; it’s when expected inflation is low enough that people stop paying attention. And we’re basically there pic.twitter.com/J1NNoor9UQ
— Paul Krugman (@paulkrugman) September 15, 2024
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JUST IN: More good news on inflation. The US inflation rate cooled to 2.5% (y/y) in August, the lowest since February 2021. This gives the Fed and everyone else more confidence the inflation battle has been won.
— Heather Long (@byHeatherLong) September 11, 2024
Lower gas prices, lower electricity costs and lower used car prices… pic.twitter.com/EoYRfvjRkh
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Powell’s speech attributing inflation largely to transitory pandemic effects was apolitical, but it implicitly absolved Biden’s policies. So sure enough, tech bros who showed their political acumen by boosting RFK Jr. are declaring that government spending causes inflation pic.twitter.com/B1EZooZe9s
— Paul Krugman (@paulkrugman) August 24, 2024
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weehingthong 