Ex Food and Shelter

The war on inflation is over. We won, at very little cost pic.twitter.com/opumf3nEvL
— Paul Krugman (@paulkrugman) October 12, 2023

Good news! If you exclude everything people need to live, there is no inflation!

Economists are truly the dumbest bastards.

Published by Clarissa

mitchellporter says:

October 13, 2023 at 04:27

What is actually included, in that CPI?!

Krugman actually did some good theoretical work, once upon a time, but he’s been, dare I say it, a partisan hack for years now.

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1. Clarissa says:
  
  October 13, 2023 at 05:50
  
  Luxury goods. Which aren’t growing in price because people don’t have money to buy them. Because the money went to food, shelter and energy.
  
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methylethyl says:

October 13, 2023 at 08:06

So relieved that all the stuff we either don’t have or purchase secondhand is not plagued by inflation.

This is like getting bulletins from a completely irrelevant parallel universe.

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1. Clarissa says:
  
  October 13, 2023 at 08:37
  
  On the other hand, Argentina has the annual inflation of 138%, so we have a lot to catch up on to win this competition.
  
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  1. methylethyl says:
    
    October 13, 2023 at 10:13
    
    We are grateful for small mercies.
    
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