4 ms·

I predict a three stage pundit response to inflation: Stage 1: No, inflation isn't happening and what you're seeing isn't inflation at all. In fact, the exact

I predict a three stage pundit response to inflation: Stage 1: No, inflation isn't happening and what you're seeing isn't inflation at all. In fact, the exact opposite thing is happening because of [insert interpretation here]. You should really be more worried about deflation, that's the real issue. Stage 2: Okay, some inflation is happening and it's actually normal, expected, and a good thing! Please don't be afraid. Here's how inflation can actually help you... Stage 3: Yes, inflation has happened and it will continue for an unknown amount of time. That's actually positive and you should be thankful for it.

random314 5y ago
Any particular pundit you had in mind?
- BitwiseFool 5y ago
  None in particular, and I'm sure you could generalize the three steps to something else people are worried about.
  - random314 5y ago
    I have never heard of any pundit make these claims about inflation, which is why I asked. Also, what is something else that people are worried about.It is much easier for me to understand, if you can be more specific.
    - BitwiseFool 5y ago
      I was never intending to single out a particular pundit, but rather, a trend I have noticed. Here's the NYT showing Step 1: "Inflation Fear Lurks, Even as Officials Say Not to Worry" "There is little evidence for a big jump in prices" and some historical nod to be worried about deflation "For much of that time, deflation, or falling prices, was a leading cause of anxiety among investors and economic experts." https://www.nytimes.com/2021/03/26/business/economy/bond-vigilantes-interest-rates.html https://www.nytimes.com/2021/03/26/business/economy/bond-vig... Here's another NYT article showing Step 2: "Inflation Is Popping From Sydney to San Francisco. It May Be a Good Sign." This one acknowledges inflation and wants to present it as something not to be scared about, and something that might actually be good. https://www.nytimes.com/2021/09/07/business/economy/inflation-coronavirus-economy.html https://www.nytimes.com/2021/09/07/business/economy/inflatio... "Inflation Has Arrived, but Washington Isn’t Racing to Limit Price Pops" Another acknowledgement that inflation is happening - in contrast to earlier articles dismissing the fears of inflation. And, a direct reference to the softening I described where it is described as a good thing: "Today’s inflation could offer benefits." https://www.nytimes.com/2021/07/26/business/economy/inflation-rise.html https://www.nytimes.com/2021/07/26/business/economy/inflatio... We aren't at Step 3 yet. But I'd like to emphasize that what I posted was a casual observation. I see it as a response to something that a pundit or talking-head doesn't want the public to panic about. Especially when it comes to the economy, where expectations tend to become self fulfilling prophecies.

random314 5y ago

Any particular pundit you had in mind?

BitwiseFool 5y ago
None in particular, and I'm sure you could generalize the three steps to something else people are worried about.
- random314 5y ago
  I have never heard of any pundit make these claims about inflation, which is why I asked. Also, what is something else that people are worried about.It is much easier for me to understand, if you can be more specific.
  - BitwiseFool 5y ago
    I was never intending to single out a particular pundit, but rather, a trend I have noticed. Here's the NYT showing Step 1: "Inflation Fear Lurks, Even as Officials Say Not to Worry" "There is little evidence for a big jump in prices" and some historical nod to be worried about deflation "For much of that time, deflation, or falling prices, was a leading cause of anxiety among investors and economic experts." https://www.nytimes.com/2021/03/26/business/economy/bond-vigilantes-interest-rates.html https://www.nytimes.com/2021/03/26/business/economy/bond-vig... Here's another NYT article showing Step 2: "Inflation Is Popping From Sydney to San Francisco. It May Be a Good Sign." This one acknowledges inflation and wants to present it as something not to be scared about, and something that might actually be good. https://www.nytimes.com/2021/09/07/business/economy/inflation-coronavirus-economy.html https://www.nytimes.com/2021/09/07/business/economy/inflatio... "Inflation Has Arrived, but Washington Isn’t Racing to Limit Price Pops" Another acknowledgement that inflation is happening - in contrast to earlier articles dismissing the fears of inflation. And, a direct reference to the softening I described where it is described as a good thing: "Today’s inflation could offer benefits." https://www.nytimes.com/2021/07/26/business/economy/inflation-rise.html https://www.nytimes.com/2021/07/26/business/economy/inflatio... We aren't at Step 3 yet. But I'd like to emphasize that what I posted was a casual observation. I see it as a response to something that a pundit or talking-head doesn't want the public to panic about. Especially when it comes to the economy, where expectations tend to become self fulfilling prophecies.