Posted on 12/30/2021 9:21:11 AM PST by JV3MRC
An elitist economist is insulting his readers by doubling down on the much-criticized notion that spiking inflation is only “transitory.”
Princeton University professor Alan Blinder penned an absurd Wall Street Journal op-ed headlined, “When It Comes to Inflation, I’m Still on Team Transitory.” Blinder even conceded in his subheadline that “transitory” apologist Federal Reserve Chairman Jerome Powell “may have retired the term," but proceeded to claim that "bottlenecks and shortages should be over soon.”
This was the same Blinder who wrote an equally absurd March 15 op-ed headlined: “There’s No Need to Panic About a Little Inflation.” Another Blinder piece in July had the headline, "Don’t Worry Too Much About the Inflation Surge."
In his latest take, Blinder scrambled to save his reputation on the matter. Even though the Consumer Price Index skyrocketed 6.8 percent in November for the fastest pace in 39 years, Blinder dismissed the measure by saying it “exaggerates the problem.”
(Excerpt) Read more at newsbusters.org ...
A “Blinder” (more blind) economist— how appropriate an idiot Keynesian moron.
The job title “Economist” should be considered in the same category as “Fortune Teller”
Having a degree in economics does not mean that one can predict the future.
AOC has a degree in economics. Nuff said.
PhD’s do not shield from idiocy and stupidity. Bet.
He still might be right - predictions about the future seem to be certain, but sometimes turn out to be wrong.
I think inflation will continue, but I am not confident enough to bet large sums of money on it.
Ten years is ‘transitory’.............................
I dont know a lot about inflation, but i do know my groceries have gone up quite a lot. My little Sunday night luxury of those little bacon wrapped sirloin steaks from Aldis went from 4.53/2 this past summer to now 6.99/2. Even chicken thighs and ground beef are ridiculous. We dont do extravagant, and this really bites, call a spade a spade. its not temporary.
The job title of witch doctor has been changed.
need to define “transitory”.
Do they mean, it will simply stop going up and level out at some point? or do they mean after going up it will go back down? because prices almost NEVER go back down after going up.
Of course around the same time, our national debt was ~$3 trillion.....today it's almost $30 trillion........it's criminal what they've done.
Tell this guy I still may be a starting defensive tackle in the NFL.
The train already left the station yet the libtard back on the platform is still sure he must be right 🤪
It’s like still being on Team 15 days to flatten the curve.
Alan Blinder was my microeconomics professor in 1979. I didn’t realize he was only in his thirties then. He had a distracting facial tic.
As input costs keep increasing, you ain’t seen nothing yet.
Keynesian, right?
They are all idiots. Especially Krugman.
And they are the ones who complain about conspiracy theories...
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