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I know that if Red Team had won the election Blue Team would be running news stories every day about the dangers of inflation and how it is hurting the middle c

I know that if Red Team had won the election Blue Team would be running news stories every day about the dangers of inflation and how it is hurting the middle class. Instead, we are seeing pundits downplay inflation as either something 'transitory' or something beneficial: "Why the inflation we're seeing now is a good thing" -MSNBC tweet that got deleted. Edit: "Yes, inflation is back, and you should probably be relieved if not outright happy." https://www.reuters.com/business/inflation-revival-is-victory-not-defeat-central-banks-2021-10-13/ https://www.reuters.com/business/inflation-revival-is-victor...

rackjack 5y ago
I kind of wish we had near 0% inflation rate like Japan. I understand there are downsides to this, and one of the most concerning ones to me is the need to compete with China for economic dominance, since no other country really comes close to America in terms of economic power except maybe China.
alphabettsy 5y ago
I'm told that NYT, WaPost and others are all solidly Blue Team and yet they seem to be running stories about inflation and how much it's risen daily. It's not a good thing in my opinion, but who's to say it's not transitory?
- systemvoltage 5y ago
  People were flagged on HN just 6 months ago for mentioning inflation. There was relentless suppression on HN about inflation until media started reversing the story. The narrative in the media would be have taken a whole another level - scare mongering, etc if it wasn’t the Blue team in the office. I don’t really trust anything but hard numbers from sites such as TradingEconomics or FT. I have no horse in this race but Blue teams vs Red team is getting really dull and frankly annoying. Everyone seems to be wearing tinted glasses. I have higher standards for media and information that I listen and trust - opinions on HN doesn’t cut the mustard. Usually it’s safe to assume that opposite of the current HN zeitgeist is true (I only joke slightly).
- nbardy 5y ago
  It's never "transitory", thats a bullshit world the Fed is using to keep people call. The prices are never going to go back to normal even if the rise of inflation ends we don't go back to normal prices unless things deflate.
  - BitwiseFool 5y ago
    "Transitory" is a deceptively clever phrase. It implies the situation will go back to normal, or even reverse. Truthfully, it just means the increased rate of change in inflation is expected to decrease. Reminds me of a second derivative.
    - dlp211 5y ago
      Inflation is a rate. If the rate is transitory, who is being deceptive?
      - BitwiseFool 5y ago
        It's the rate of the rate of change that transitory is referring to. The average person, I suspect, isn't thinking about it in these terms.
  - alphabettsy 5y ago
    I don't believe used car prices will be inflated forever, once supply catches up dealer markups on new cars will go back to normal, shipping costs will likely even out, etc. What I'm saying is there are reasons to believe it can go back to normal.
- BitwiseFool 5y ago
  Yes, they are running stories about inflation. I think the key difference is how they're going about doing it. I sense that they are intentionally covering the situation in non-inflammatory way. This is a departure from how the NYT and WaPost will cover a story when they have an ideological axe to grind. For instance, they bring on experts to talk about inflation in an clinical and analytical way. They talk about the benefits of inflation to try an reassure people it is okay. They aren't going to some small town and taking candid shots of average Joes and Janes looking sad and worried about rising prices. While they mention rising wages, they aren't emphasizing how the rise in wages is lower than the inflation itself. In essence, I sense they are trying to avoid having people get riled up whereas if Red Team were in charge they'd be painting the picture as bleak and terrible.
  - alphabettsy 5y ago
    > I sense that they are intentionally covering the situation in non-inflammatory way. We want more of this though right? I sense that many people can't understand the difference between opinions or editorials and news. I sense that many people actually enjoy the inflammatory way news is sometimes covered unless it's different from the way they'd like to see it. I sense that people can't understand how a single new outlet can have varying opinions and points of view on a single issue and will choose a single one out of many to make their point. Imagine how different things would be if people were intelligent consumers of news. I don't think you can have a news industry dependent on clicks and profits and have no sensationalism. I also don't think you can have a completely unbiased media when people, based on their consumption, don't seem to want it. It's unrealistic given the different biases and motivations that people have.
    - BitwiseFool 5y ago
      >> I sense that they are intentionally covering the situation in non-inflammatory way. >We want more of this though right? Yes, in principle, but with the caveat that they don't do this in a partisan and selective way. For instance the whole "Kids in Cages" phenomenon is still happening but we never hear about it anymore - in fact they're just called "Child Migrant Facilities" by the press secretary and the media is basically silent compared to the fervor they were covering the situation previously. To me at least, the fact that they calmed down isn't a consolation because I sense they're just doing it because their preferred team is in charge now. I think journalists are masters of rhetoric and can spin a situation in so many diverse ways while still being almost entirely accurate and truthful. It all depends on what facets of the situation they want to present and the insinuations that come along with it.
MeinBlutIstBlau 5y ago
I know HN doesn't like it when you criticize the US left but I'm here with you. I didn't buy a single word out of the Biden administration pre-election. The "never Trump" people were so blinded by Trump that they didn't realize the other guy was a worse bought and paid for puppet than Hilary. Hilary at least had a functioning brain and could reign in the Dems. Biden doesn't even know it's Wednesday.
- unethical_ban 5y ago
  Let's avoid turning things overtly political. It's understandable that government policy will be discussed in a thread about inflation, but it does no help on HN to veer into everyday smearing.
  - xanaxagoras 5y ago
    The left spent 4 years conjuring up lies about Trump and then foaming at the mouth about their own fantasies, but here you are hiding behind some vague moral position when someone points out that we've elected a dementia patient. The man literally doesn't know that it's Wednesday. Quit policing other people's speech for one moment and own up to it.
- Supermancho 5y ago
  Biden is used by the D party and allowed a little leeway when he's clear. To be fair, I'm not sure Biden is worse than Trump, who ran amok. It will take decades to recover from the damage done to parts of the country and world (eg lifting the freeze on coal-leases, lift ban on personnel landmines, judge appointments, etc).
  - MeinBlutIstBlau 5y ago
    Not everyone had an issue with the scotus appointments. Just because they were added by the conservatives l doesn't make their logic any less sound.
    - 5y ago
shepherdjerred 5y ago
This sums up the country as a whole. If the party in power is the one the media outlet favors then the party can do no wrong. If the media outlet doesn't support the party then every step the party takes is wrong with no exceptions. Maybe that's how its always been.
honkycat 5y ago
I mean that is the game right? They are two heads of the same beast, moving back and forth very rapidly and calling it progress. Meanwhile popular policies like universal healthcare[0] and marijuana legalization[1] are never addressed. ( To name a few, there are many more ). And the reason is clear. Tying healthcare to employment keeps people from organizing effectively. If you have a family, and you are on strike, your employer cutting off your healthcare is a brutal move. Also, people get fat off the bureaucracy. Similar for marijuana legalization. Need to keep the prisons fed with new "forced customers" so the gravy train keeps rolling. 0: https://www.pewresearch.org/fact-tank/2020/09/29/increasing-share-of-americans-favor-a-single-government-program-to-provide-health-care-coverage/ https://www.pewresearch.org/fact-tank/2020/09/29/increasing-... 1: https://www.pewresearch.org/fact-tank/2019/11/14/americans-support-marijuana-legalization/ https://www.pewresearch.org/fact-tank/2019/11/14/americans-s... 1:

rackjack 5y ago

I kind of wish we had near 0% inflation rate like Japan. I understand there are downsides to this, and one of the most concerning ones to me is the need to compete with China for economic dominance, since no other country really comes close to America in terms of economic power except maybe China.

alphabettsy 5y ago

I'm told that NYT, WaPost and others are all solidly Blue Team and yet they seem to be running stories about inflation and how much it's risen daily. It's not a good thing in my opinion, but who's to say it's not transitory?

systemvoltage 5y ago
People were flagged on HN just 6 months ago for mentioning inflation. There was relentless suppression on HN about inflation until media started reversing the story. The narrative in the media would be have taken a whole another level - scare mongering, etc if it wasn’t the Blue team in the office. I don’t really trust anything but hard numbers from sites such as TradingEconomics or FT. I have no horse in this race but Blue teams vs Red team is getting really dull and frankly annoying. Everyone seems to be wearing tinted glasses. I have higher standards for media and information that I listen and trust - opinions on HN doesn’t cut the mustard. Usually it’s safe to assume that opposite of the current HN zeitgeist is true (I only joke slightly).
nbardy 5y ago
It's never "transitory", thats a bullshit world the Fed is using to keep people call. The prices are never going to go back to normal even if the rise of inflation ends we don't go back to normal prices unless things deflate.
- BitwiseFool 5y ago
  "Transitory" is a deceptively clever phrase. It implies the situation will go back to normal, or even reverse. Truthfully, it just means the increased rate of change in inflation is expected to decrease. Reminds me of a second derivative.
  - dlp211 5y ago
    Inflation is a rate. If the rate is transitory, who is being deceptive?
    - BitwiseFool 5y ago
      It's the rate of the rate of change that transitory is referring to. The average person, I suspect, isn't thinking about it in these terms.
- alphabettsy 5y ago
  I don't believe used car prices will be inflated forever, once supply catches up dealer markups on new cars will go back to normal, shipping costs will likely even out, etc. What I'm saying is there are reasons to believe it can go back to normal.
BitwiseFool 5y ago
Yes, they are running stories about inflation. I think the key difference is how they're going about doing it. I sense that they are intentionally covering the situation in non-inflammatory way. This is a departure from how the NYT and WaPost will cover a story when they have an ideological axe to grind. For instance, they bring on experts to talk about inflation in an clinical and analytical way. They talk about the benefits of inflation to try an reassure people it is okay. They aren't going to some small town and taking candid shots of average Joes and Janes looking sad and worried about rising prices. While they mention rising wages, they aren't emphasizing how the rise in wages is lower than the inflation itself. In essence, I sense they are trying to avoid having people get riled up whereas if Red Team were in charge they'd be painting the picture as bleak and terrible.
- alphabettsy 5y ago
  > I sense that they are intentionally covering the situation in non-inflammatory way. We want more of this though right? I sense that many people can't understand the difference between opinions or editorials and news. I sense that many people actually enjoy the inflammatory way news is sometimes covered unless it's different from the way they'd like to see it. I sense that people can't understand how a single new outlet can have varying opinions and points of view on a single issue and will choose a single one out of many to make their point. Imagine how different things would be if people were intelligent consumers of news. I don't think you can have a news industry dependent on clicks and profits and have no sensationalism. I also don't think you can have a completely unbiased media when people, based on their consumption, don't seem to want it. It's unrealistic given the different biases and motivations that people have.
  - BitwiseFool 5y ago
    >> I sense that they are intentionally covering the situation in non-inflammatory way. >We want more of this though right? Yes, in principle, but with the caveat that they don't do this in a partisan and selective way. For instance the whole "Kids in Cages" phenomenon is still happening but we never hear about it anymore - in fact they're just called "Child Migrant Facilities" by the press secretary and the media is basically silent compared to the fervor they were covering the situation previously. To me at least, the fact that they calmed down isn't a consolation because I sense they're just doing it because their preferred team is in charge now. I think journalists are masters of rhetoric and can spin a situation in so many diverse ways while still being almost entirely accurate and truthful. It all depends on what facets of the situation they want to present and the insinuations that come along with it.

MeinBlutIstBlau 5y ago

I know HN doesn't like it when you criticize the US left but I'm here with you. I didn't buy a single word out of the Biden administration pre-election. The "never Trump" people were so blinded by Trump that they didn't realize the other guy was a worse bought and paid for puppet than Hilary. Hilary at least had a functioning brain and could reign in the Dems. Biden doesn't even know it's Wednesday.

unethical_ban 5y ago
Let's avoid turning things overtly political. It's understandable that government policy will be discussed in a thread about inflation, but it does no help on HN to veer into everyday smearing.
- xanaxagoras 5y ago
  The left spent 4 years conjuring up lies about Trump and then foaming at the mouth about their own fantasies, but here you are hiding behind some vague moral position when someone points out that we've elected a dementia patient. The man literally doesn't know that it's Wednesday. Quit policing other people's speech for one moment and own up to it.
Supermancho 5y ago
Biden is used by the D party and allowed a little leeway when he's clear. To be fair, I'm not sure Biden is worse than Trump, who ran amok. It will take decades to recover from the damage done to parts of the country and world (eg lifting the freeze on coal-leases, lift ban on personnel landmines, judge appointments, etc).
- MeinBlutIstBlau 5y ago
  Not everyone had an issue with the scotus appointments. Just because they were added by the conservatives l doesn't make their logic any less sound.
  - 5y ago

shepherdjerred 5y ago

This sums up the country as a whole. If the party in power is the one the media outlet favors then the party can do no wrong. If the media outlet doesn't support the party then every step the party takes is wrong with no exceptions. Maybe that's how its always been.

honkycat 5y ago

I mean that is the game right? They are two heads of the same beast, moving back and forth very rapidly and calling it progress. Meanwhile popular policies like universal healthcare[0] and marijuana legalization[1] are never addressed. ( To name a few, there are many more ). And the reason is clear. Tying healthcare to employment keeps people from organizing effectively. If you have a family, and you are on strike, your employer cutting off your healthcare is a brutal move. Also, people get fat off the bureaucracy. Similar for marijuana legalization. Need to keep the prisons fed with new "forced customers" so the gravy train keeps rolling. 0: https://www.pewresearch.org/fact-tank/2020/09/29/increasing-share-of-americans-favor-a-single-government-program-to-provide-health-care-coverage/ https://www.pewresearch.org/fact-tank/2020/09/29/increasing-... 1: https://www.pewresearch.org/fact-tank/2019/11/14/americans-support-marijuana-legalization/ https://www.pewresearch.org/fact-tank/2019/11/14/americans-s... 1: