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  • DENIAL: Economist Who Dismissed Inflation Concerns Through 2021 Says He’s ‘Still on Team Transitory’

    12/30/2021 9:21:11 AM PST · by JV3MRC · 18 replies
    NewsBusters ^ | 12/30/2021 | Joseph Vazquez
    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...