Inflation is my least favorite subject

Inflation is my least favorite subject mainly because counterinflationary policy is basically severe austerity. To the extent that it’s a tradeoff, I’d much rather live in a high inflation low unemployment economy (apparently the status quo) than the opposite. Obviously the supposedly liberal media want the exact opposite. They’re absolutely salivating at the prospect of an election cycle with inflation as the front burner issue. They report on inflation with relish.

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