Inflation fell to its lowest annual rate in more than two years during June, the product both of some deceleration in costs and easy comparisons against a time when price increases were running at a more than 40-year high.
Inflation fell to its lowest annual rate in more than two years during June, the product both of some deceleration in costs and easy comparisons against a time when price increases were running at a more than 40-year high.
If every person’s salary increased to match I flation we would enter a wage hike spiral where wages go up, inflation rises, wages go up, inflation rises, etc
You can’t fix anything, you should just accept that life is shit, and all the things that I said were bad ideas are great ideas for the super rich.
-every time economists talk.
That is not at all how economists look at resolving problems.
Bull.
List of bailouts economist have supported: Banks, airlines, car companies, banks again, and anyone claiming to have a covid impacted business.
List of bailouts economists have not supported: Student loan debt.
See a pattern? Inflation is only an issue when it involves helping the poor or middle class. The moment it helps a big corp or a well-connected donor it is just good policy.
Many economists support forgiving student loan debt.
Here’s Noah Smith supporting it: https://www.noahpinion.blog/p/does-student-loan-forgiveness-make
The 5th dentist. Why doesn’t the Brookings Institute agree?
Noah Smith is not a “5th dentist” lol (cool term tho - thanks for teaching me that)
I happen to agree with the Brookings institution
Targeted debt relief is ideal.
As I said. Economists only think it is a problem when it benefits the poor or middle class. It wasn’t a problem when it was bank bailouts.
That is the literal opposite of what this link says.