I'm not sure I agree with Tyler Cowan that we've beaten inflation. I see the standard govt measures like CPI nearing 3%, but don't feel any relief yet. I understand that lower inflation doesn't mean prices come down from where they have moved, just think soem of the measures are overly optimistic. And I also see pressures that might keep…
I'm not sure I agree with Tyler Cowan that we've beaten inflation. I see the standard govt measures like CPI nearing 3%, but don't feel any relief yet. I understand that lower inflation doesn't mean prices come down from where they have moved, just think soem of the measures are overly optimistic. And I also see pressures that might keep inflation from dropping in the real world (shipping avoiding Suez/Red Sea for example). Fuel prices continue to bounce up and down, but $3/gallon gas seems to be on the low end of the norm now. And grocery prices continue to surprise me, as many items have nearly doubled in price compared to just a few years ago, and are going to stay there. Dismissing these prices and the psychological effect of them seems too convenient when discussing inflation and why we should really feel good about the economy.
I'm not sure I agree with Tyler Cowan that we've beaten inflation. I see the standard govt measures like CPI nearing 3%, but don't feel any relief yet. I understand that lower inflation doesn't mean prices come down from where they have moved, just think soem of the measures are overly optimistic. And I also see pressures that might keep inflation from dropping in the real world (shipping avoiding Suez/Red Sea for example). Fuel prices continue to bounce up and down, but $3/gallon gas seems to be on the low end of the norm now. And grocery prices continue to surprise me, as many items have nearly doubled in price compared to just a few years ago, and are going to stay there. Dismissing these prices and the psychological effect of them seems too convenient when discussing inflation and why we should really feel good about the economy.