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> Kelton et al have severely underrated how much people hate inflation. And right-wing media had nothing to do with that, of course.
by dctoedt 5y ago
> Kelton et al have severely underrated how much people hate inflation.
And right-wing media had nothing to do with that, of course.
- uejfiweun 5y agoI don't really think it's fair to just say right wing media is the only reason people hate inflation. I certainly hate it, because well for one, the CPI is bullshit and doesn't include key items such as college tuition and housing prices. It's a common refrain in my generation that nobody will be able to afford a house, and you hear it on the right and the left.
- dctoedt 5y ago> I don't really think it's fair to just say right wing media is the only reason people hate inflation. Agreed (and that's not what I said).
- legitster 5y agoUh... I don't think inflation is any more popular in progressive circles. Or countries without conservative media.
- orhmeh09 5y agoCountries without conservative media? Where?
- tharne 5y ago> And right-wing media had nothing to do with that, of course. In this case, they really don't have anything to do with that. The average person has a much better BS detector than economists give them credit for. Most people are quick to see inflation for what what it is: Theft from the average person for the benefit of government and banks. Money printing is great when you're the money printer or close to the money printer. It's crap when you're money doesn't go as far.