3 ms·
The question that should be asked by the experts are "which of our economic indicators is wrong?" Instead of "why are millions of people acting irrationally"?
by ballenf 3y ago
The question that should be asked by the experts are "which of our economic indicators is wrong?"
Instead of "why are millions of people acting irrationally"?
The behavior we're witnessing is perfectly predicted by models with certain underlying inputs. In particular inflation being higher (or perceived as higher) than what is reported.