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Excluding all the important necessities, inflation isn't that bad !!!
Wallstreetbets
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Internationaltop2405
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Excluding all the important necessities, inflation isn't that bad !!!
i.redd.it/g7l4nbd7egob1.jpg
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L
Lykshares
1y Staff
This is why "core inflation" is a completely useless metric. It deliberately excludes all the things that inflate the most, which also happen to be most people's biggest expenses.
But this does point to how crude monetary policy is as a lever to control inflation. If the problems are in housing
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and energy, why hammer businesses trying to sell shoes and soap with interest rate hikes? Something more targetted is needed.
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L
Lykshares
1y Staff
The guy went from a Nobel prize winning economist to a deranged political hack.
He cannot stop his politics from clouding up his economics. What a shame
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L
Lykshares
1y Staff
So, if you eliminate all the important things that everyone needs, inflation is down.....got it. Give this man a prize!!! 🤦♂️
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L
Lykshares
1y Staff
If we adjust for inflation, inflation is 0%
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