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DENIAL: Economist Who Dismissed Inflation Concerns Through 2021 Says He’s ‘Still on Team Transitory’
NewsBusters ^ | 12/30/2021 | Joseph Vazquez

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 ...


TOPICS: Business/Economy; Government; Politics
KEYWORDS: alanblinder; blogpimp; complaintpimp; economy; inflation; threadkaren; transitory; wsj

1 posted on 12/30/2021 9:21:11 AM PST by JV3MRC
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To: JV3MRC

A “Blinder” (more blind) economist— how appropriate an idiot Keynesian moron.


2 posted on 12/30/2021 9:26:38 AM PST by John S Mosby ( Sic Semper Tyrannis)
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To: JV3MRC

The job title “Economist” should be considered in the same category as “Fortune Teller”


3 posted on 12/30/2021 9:32:21 AM PST by Mr. K (No consequence of repealing obamacare is worse than obamacare itself)
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To: JV3MRC

Having a degree in economics does not mean that one can predict the future.


4 posted on 12/30/2021 9:33:05 AM PST by I want the USA back (Government is to be feared much more than the chicom virus.)
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To: JV3MRC

AOC has a degree in economics. Nuff said.


5 posted on 12/30/2021 9:36:20 AM PST by Huskrrrr (Alinsky, you magnificent Bastard, I read your book!)
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To: JV3MRC

PhD’s do not shield from idiocy and stupidity. Bet.


6 posted on 12/30/2021 9:36:27 AM PST by cranked
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To: JV3MRC

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.


7 posted on 12/30/2021 9:36:31 AM PST by proxy_user
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To: JV3MRC

Ten years is ‘transitory’.............................


8 posted on 12/30/2021 9:40:26 AM PST by Red Badger (Homeless veterans camp in the streets while illegal aliens are put up in hotels.....................)
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To: JV3MRC

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.


9 posted on 12/30/2021 9:59:45 AM PST by BudgieRamone (Everybody loves a bonk on the head)
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To: JV3MRC

The job title of witch doctor has been changed.


10 posted on 12/30/2021 10:04:19 AM PST by PTBAA
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To: JV3MRC

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.


11 posted on 12/30/2021 10:05:42 AM PST by TexasFreeper2009
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To: Red Badger
The other day, my children wanted to watch "Home Alone 2" (1992). At the end of the movie, the family gets Kevin's $967 room service bill.....for giggles I looked it up - that would have the same buying as $1894 in November 2021.

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.

12 posted on 12/30/2021 10:07:37 AM PST by Repeat Offender (While the wicked stand confounded, call me with Thy saints surrounded.)
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To: JV3MRC

Tell this guy I still may be a starting defensive tackle in the NFL.


13 posted on 12/30/2021 10:11:06 AM PST by nickcarraway
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To: JV3MRC

The train already left the station yet the libtard back on the platform is still sure he must be right 🤪


14 posted on 12/30/2021 10:16:37 AM PST by NWFree (Somebody has to say it)
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To: JV3MRC

It’s like still being on Team 15 days to flatten the curve.


15 posted on 12/30/2021 10:34:35 AM PST by MrRelevant
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To: JV3MRC

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.


16 posted on 12/30/2021 11:31:34 AM PST by IndispensableDestiny
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To: JV3MRC

As input costs keep increasing, you ain’t seen nothing yet.


17 posted on 12/30/2021 12:27:50 PM PST by griswold3 (When chaos serves the State, the State will encourage chaos)
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To: JV3MRC

Keynesian, right?

They are all idiots. Especially Krugman.


18 posted on 12/30/2021 1:47:38 PM PST by Basket_of_Deplorables (Convention Of States is our only hope now! Desantis 2024!!!)
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To: JV3MRC

And they are the ones who complain about conspiracy theories...


19 posted on 12/30/2021 4:38:47 PM PST by Conservat1
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