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> now here we are. And we're right back to the secret inflation theory that your parent referenced. The main point of contention regarding the current numbers
by nate_meurer 5y ago
> now here we are.
And we're right back to the secret inflation theory that your parent referenced. The main point of contention regarding the current numbers is that it's too early to know where we are, that is, to know whether the inflation we've seen this year is transient.
There was a steady stream of inflation scaremongering throughout the Obama years which never made economic sense, and of course never came to fruition. I heard the same arguments about it then: "inflation is here, it's just complex and the government is hiding it".
Of course you could be right this time, but it also shouldn't surprise you that an attempt to support this prediction by rehashing the old secret inflation theory attracts a few eye-rolls.