He's not out of touch. Can't be.
Do any of these guys ever admit that unemployment is down because so many people are stringing together multiple jobs to try to make rent?
this post was submitted on 21 Nov 2023
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What about the RENT, Paul?! What about HEALTHCARE, Paul!? What about EDUCATION, Paul!?
I don't care how little a new fucking TV costs!
Capitalist economics are ideologically driven pseudo-science, more and more people are saying this.
He'll never fucking stop.
I know you have to live in your car but you're employed and the line is going up so honestly I don't understand why you're complaining
MICHAEL HUDSON: It’s not a straw man argument; it’s deliberate ignorance. You have to really have tunnel vision and not understand the most basic economic history to make the misrepresentations that Krugman said.
And if I hadn’t met him, and I didn’t know how really stupid he is as a person, I would think he’s deliberately lying, but I have met him and he really is that stupid.
"Consumer prices didn't rise at all." This is the same asshole that said there was no inflation if you didn't count rent, gas, and food.
We reach arbitrary number, therefore number good. God I wish my job was as easy as an economicist.
I am one of those rare people who is doing "ok". But that's because I live in a goddam commune with 4 other well educated and paid trans women. If I was your stereotypical cis het person trying to start a family I have no fucking idea how I would survive.
You don't. It's incredibly stressful.
"inflation has been falling fast"
Inflation is cumulative. Having lower inflation doesn't change the fact that the prices are generally up ~20% over the last few years.
Also the consumer price metric I saw excluded basic foods, clothing, and housing or something like that. Great that the poors can afford Ivory backscratchers while they're being evicted.