Tone-Deaf Fortune Mag Headline: ‘Why You Should Be Happy About Inflation’

NewsBusters ^ | 9/21/2022 | Joseph Vazquez

[JV3MRC]

Fortune magazine ran one of the dumbest liberal takes on inflation yet. Its propaganda piece even puts fraudulent economists like Paul Krugman to shame.

The liberal magazine had the audacity to publish a tone-deaf inflation story with the headline: “Why you should be happy about inflation and worried about something else, top economist Brad DeLong says.” The magazine pushed the insane propaganda of University of California, Berkeley Professor Brad DeLong who reportedly said that so-called “‘reopening inflation’” has “‘so far been a very good thing.’” The liberal rag continued: “DeLong argues that there is a major economic shift taking place that people should welcome. It all has to do with our strange but kind of wonderful post-pandemic economy.”

The take was so ridiculous that the magazine’s tweet of the story got heavily ratioed on Twitter, with over 950 comments and only over 430 likes so far. Ami Magazine Senior White House Correspondent Jake Turx didn’t pull any punches: “Hey @FortuneMagazine, your ‘top financial historian’ is clearly a moron. Send @delong and this ignorant propaganda back to the 1930s where it belongs instead of using it to taunt millions of people who are hurting.”

[rktman]

So, NOT ‘Soldier of Fortune’ magazine then? 😎

[fwdude]

Inflation is actually neither good nor bad from an economic perspective, it is just a law which economics follows. Create massive amounts of currency and dump it into the economy and you have massive inflation.

The effects of inflation on real people can be devastating, though.

[dfwgator]

Inflation is our friend.

Wouldn't you like to own a $4,000 suit, and smoke a $75 cigar, drive a $600,000 car?

I know I would!

Everybody will be a millionaire!

[FlipWilson]

Be happy about inflation because if you aren’t, its a crime and we need to swat you or have the FBI pay you a visit or have Leitia James start an investigation or some sheriff.

Or even worse? We will have Joe Biden yell at you for an hour about how it isn’t bad.

[gw-ington]

Inflation is actually neither good nor bad from an economic perspective, it is just a law which economics follows.

If the inflation or deflation is extreme or very erratic, then it's actually bad from an economic perspective. Of course, if economic theory were to completely ignore the private sector, government, labor, etc., then yeah, extreme or very erratic inflation or deflation is neither good nor bad.

[Pajamajan]

You will own nothing (because you can't afford anything) and you will be happy (or else....).

[Its All Over Except ...]

Devdiscourse
9/21/22

Recession alone won’t subdue euro zone inflation - ECB’s de Guindos

https://www-devdiscourse-com.cdn.ampproject.org/v/s/www.devdiscourse.com/article/headlines/2186396-recession-alone-wont-subdue-euro-zone-inflation-—ecbs-de-guindos?amp=&amp_gsa=1&amp_js_v=a9&usqp=mq331AQKKAFQArABIIACAw%3D%3D#amp_tf=From%20%251%24s&aoh=16637658227579&referrer=https%3A%2F%2Fwww.google.com&ampshare=https%3A%2F%2Fwww.devdiscourse.com%2Farticle%2Fheadlines%2F2186396-recession-alone-wont-subdue-euro-zone-inflation-—ecbs-de-guindos

[lewislynn]

Reminds me of the Time Pelosi said losing your job was a good thing.
You can spend more time with your family, get a hobby, write a book etc.

[gw-ington]

Democrats/RINOs absolutely love higher and higher inflation because it could fool many voters into thinking their inflated salaries and their inflated savings automatically make them much "richer" (under the senile Sleepy Joe puppet "Administration"). Then, before they know it, inflation gets the best of them and they're all screaming for government to "save" them. That's when the Democrat/RINO politicians step in, arrive on their doorsteps, and tell them: "Hi, I'm from the government and I'm here to help. So please vote Democrat/RINO in the upcoming election."

Democrat/RINO politicians are not the sharpest knives in the drawer ... but they sure are very shrewd at getting reelected (see White House, Senate, House of Representatives, many local and state DAs, AGs, governors, mayors, school board presidents, etc., across the nation). Have you noticed the Democrat Party continues shifting left while the Republican Party continues shifting ................ left. (Don't get me wrong, the Republican Party is still to the right of the middle but it continues shifting leftward over time.) The shifty Democrat/RINO politicians are clearly "winning" (and/or stealing elections) ........

[gw-ington]

Reminds me of the Time Pelosi said losing your job was a good thing. You can spend more time with your family, get a hobby, write a book etc.

I give great credit to Pelosi for making that great point. Therefore, I humbly suggest Pelosi immediately resign as Speaker of the House so she can spend more time with her hubby Paul, get a hobby, write a book, etc. (Aka, the "hubby-hobby-happy" plan for all Democrat/RINO politicians.) Fingers crossed ...........

[nutmeg]

.

[alexander_busek]

[...] with the headline: “Why you should be happy about inflation and worried about something else you can read about if you click on this article, and then click on about 20 additional links, only to find out in the end that we have shamelessly baited you, top economist Brad DeLong says.”

Regards,