Change in Consumer Price Index, as measured by normal people and economists

  • @TokenBoomerOPM
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    4 months ago

    Are you saying that;

    Felix Salmon (born 1972) is a British/American financial journalist, formerly of Portfolio Magazine and Euromoney and a former finance blogger for Reuters, where he analyzed economic and occasionally social issues in addition to financial commentary. In April 2014, Salmon left Reuters for a digital role at Fusion.[1][2] In 2018, he joined Axios as chief financial correspondent.[3]

    is wrong? /s

    • @elbucho
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      34 months ago

      Honestly, upon re-reading the article, I think there’s a good chance that I misunderstood what he was saying. On my initial read-through, I read it as him saying that everybody should treat the concepts of “inflation” and “high prices” interchangeably, but I now believe that he might be saying that laypeople are treating the two concepts identically, and politicians should react accordingly.

      His concluding paragraph is what made me pop off with my first post; it reads very much like he agrees with this hypothetical idiotic layperson. I think that last bit probably colored my interpretation of the entire article.