Not that it matters to anyone, but here's a way to look at today's inflation report:
Inflation right now is within a hair of Donald Trump's average before the pandemic. The pandemic created the surge and the pandemic ended it. It's over. Everyone can relax.
Relax for now, you mean. The Trump tariffs, if somehow he makes them stick for a couple years, will make the pandemic inflation spike look like the new normal.
Has Trump promised to get prices back to where they were before Biden?
All he has to do is unemployment about 15 million people. Which I suspect many Americans are ok with, so long as THEY aren't unemployed
He has indeed: https://www.cnn.com/2024/08/20/business/trump-inflation-prices-deflation/index.html
People: Why can't we have DEFLATION?!?!
Economists: You wouldn't want deflation.
People: TYPICAL ELITE TELLING US WHAT WE WANT!!!
https://abc17news.com/money/cnn-business-consumer/2024/10/31/a-radical-idea-to-solve-inflation-from-a-radical-former-fed-pick/
As long as he's surrounded by cranks and weirdos, this kind of thing is not only possible, but probable.
Indeed, it was transitory
No! Transitory OBVIOUSLY means it only lasts 30 days not 30 months (that was sarcasm).
The average consumer doesn't give a shit about inflation. They care about price level. And vibes. Does it *feel* like stuff's a lot more expensive than it was four years ago? Sure. Somehow electing a raving orange-tinted lunatic to blow everything up will fix it, tho, because reasons. And Biden's old. Even though he's not running.
From this we derive the classic economics equation: Price Vibes (BFI*)/Biden's Age = Everything's Cool Again.
* where BFI is "Batshit Fascist Insanity"
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