4 ms·

Not going to defend the messaging here, they really didn't do a good job. But the US was doing better than most western countries and inflation was getting lowe

Not going to defend the messaging here, they really didn't do a good job. But the US was doing better than most western countries and inflation was getting lower. Problem is, the inflation that already happened was still there. And that part is what people notice immediately. But right now, a part of what is happening is that Trump has been blowing up parts of the economy with his tarrifs and erratic actions. The effect of that is still happening and likely will get worse.

izacus 1y ago
Yes, that's exactly the gaslighting I'm talking about :)
throwaway48476 1y ago
Over the last 30 years the most inflated spending category is education and healthcare, which are arguably the least import dependent.
- ThunderSizzle 1y ago
  And housing... which also isn't import dependent, necessarily.
- acdha 1y ago
  Both depend heavily on immigrants, however, both for staffing and in the case of education for the students paying full-price tuition and effectively subsidizing everyone else.
  - throwaway48476 1y ago
    Immigration has only made it more expensive, as shown by the increase in both price and immigration.
    - acdha 1y ago
      That’s far from clear. For example, healthcare costs have risen sharply but you’d need to demonstrate that hiring foreign workers contributed to that rather than simply being a reaction to the unsustainable costs. Similarly, in education if it was just a few prestige schools it’d be easy to believe that Harvard and Yale were hiking their base rates to exploit international students while finding credits for some of the others, but the trend is across the board even at less prestigious state schools and I’d want to see data that it’s not better explained by other factors like schools maximizing revenue from student aid.
      - throwaway48476 1y ago
        Wherever there has been mass migration huge inflation has followed. If reverse migration was implemented inflation would lessen and quality of life would dramatically improve.
        acdha 1y ago
        Do you have a citation for that?

izacus 1y ago

Yes, that's exactly the gaslighting I'm talking about :)

throwaway48476 1y ago

Over the last 30 years the most inflated spending category is education and healthcare, which are arguably the least import dependent.

ThunderSizzle 1y ago
And housing... which also isn't import dependent, necessarily.
acdha 1y ago
Both depend heavily on immigrants, however, both for staffing and in the case of education for the students paying full-price tuition and effectively subsidizing everyone else.
- throwaway48476 1y ago
  Immigration has only made it more expensive, as shown by the increase in both price and immigration.
  - acdha 1y ago
    That’s far from clear. For example, healthcare costs have risen sharply but you’d need to demonstrate that hiring foreign workers contributed to that rather than simply being a reaction to the unsustainable costs. Similarly, in education if it was just a few prestige schools it’d be easy to believe that Harvard and Yale were hiking their base rates to exploit international students while finding credits for some of the others, but the trend is across the board even at less prestigious state schools and I’d want to see data that it’s not better explained by other factors like schools maximizing revenue from student aid.
    - throwaway48476 1y ago
      Wherever there has been mass migration huge inflation has followed. If reverse migration was implemented inflation would lessen and quality of life would dramatically improve.
      - acdha 1y ago
        Do you have a citation for that?