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this post was submitted on 11 Nov 2024
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Inflation is really one of these things where people find out much later that the problem is fixed. For instance, Biden inherited a high inflation regime which baked in about 10-15 percent price increases before he could do anything to stop it. By the time he brought inflation down, prices had increased by something like 20 percent. Inflation has now been brought down to 2-3 percent, but most people will simply observe that prices are 20 percent higher than when he started.
Another big issue is counterfactual reasoning. US inflation was lower than in other developed countries, but people only notice that it was higher than they were used to.
In a nutshell, policy is really complicated. You do not feel the consequences of good policy in your bones.
I am certain this bit here is where we may just have to disagree my friend. It has been so long since we have had bones-deep good policy we have forgotten what that might feel like.
Regardless, this is a lesson the DNC must learn, not you or i. All the 10 page excuses are meaningless if you first aren't elected to push em, and that's where they are right now
Yes indeed call me a skeptic, but I do not trust my bones (or any other body part that’s not my brain). Bones and their feelings are the target of charlatans and populist (like Trump).