“Don’t look at me for inflation. Look in your refrigerator.” Charles Mudede
There are two reasons why there’s so much talk about inflation these days. One: A large number of Americans dislike it and yet do not understand it. Two: Republicans see it as the best path to reclaim control of Congress this year.
Regarding the first reason, ordinary Americans hate inflation even when it’s very low. As Zachary D. Carter pointed out in a recent Atlantic post: “In 2013, when inflation was nonexistent, a majority of Americans cited inflation as ‘a very big problem.’ It is less popular today.”
We can blame this irrational anti-inflation feeling entirely on conditioning
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