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Matthew Yglesias
@mattyglesias
This was a good article (with a cheeky headline) about inflation dynamics that I wish more people had read and learned from. I'll discuss, starting with a confession of error.
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Matt Lech
@MattLech
Annie Lowry wrote this about inflation in 2023. Incidentally she is Ezra Kleins partner. x.com/avitalrachel/s…
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Matthew Yglesias
@mattyglesias
I was aware of the calculations which held that ARP was much larger than the output gap, especially in light of the extra savings people had stocked away during the pandemic. But I was skeptical this would be particularly inflationary.
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Matthew Yglesias
@mattyglesias
My thought was that if excess demand led goods prices to shoot up, then an American public that was used to a generation-long trend of *falling* goods prices would simply stop buying things and check the inflationary spiral. In the end, you'd get higher household savings.
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David Watson 🥑
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Alan Coffey
@arcoffey
Complaining is costless. Next is substitution, then refusal (not reaching s market clearing price). Few have patience enough to let the market work it out.
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Chompy
@chompytimeline
Prob I’m just lazy but I would never group dishwashers with cruises, jewelry, & new cars. To me it’s a modern convenience (like AC in hot climates) that there’s no going back from. Offer me the world’s finest china - if it ain’t dishwasher safe, no thanks!
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Tashe
@Tashe28
IMO anger is more that she works at the Atlantic, who most ppl believe exists in a functional sense to convince libs that u can support abortion & still support bombing the ME! It is actually the libs who work there providing bipartisan sheen to warmongering consensus dat irks
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