ST Alpha - "there was an economist podcast a couple days ago about how people misinterpret inflation that explains a fair bit of this." (Reading a Post)

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In response to "Americans are delusional about the state of the economy -- (link)" by Reagen

there was an economist podcast a couple days ago about how people misinterpret inflation that explains a fair bit of this.

Posted by mafic May 22 '24, 18:54

partly "inflation makes me relatively poorer so the economy must be bad." partly taking personal credit for gains like their own wage growth and strong economic performance, but blaming other actors for the inflation that also causes (Republicans - Biden, Democrats - big business). some other stuff as well.

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also a chunk of "if inflation is dropping why didn't prices go down" -- nm - Reagen May 22, 18:57 1
- "That's not how it works. That's not how any of this works!" -- nm - znufrii May 22, 18:57

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there was an economist podcast a couple days ago about how people misinterpret inflation that explains a fair bit of this.

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