Kelly Evans: The real reason inflation remains sticky

2 comments

1. Amazing how she missed the fact that there is another possibility:

   The deliberate choice of corporate executives to maintain and increase high prices in order to influence the elections. Corporate pricing isn’t done in a political vacuum, nor are corporate executives simply benign or even neutral observers of the economy. They are manipulators of the economy. Stoking inflation is a tactic to achieve their goals as much as lobbying, PACs, and media campaigns are.

   None of what she cites are as remotely influential on inflation as the choices made in the C-suites of the nation.

2. ok so:

   – inflation remains high and the Fed can’t do shit, and
   – we’re running a sizeable budget deficit (7% of GDP!)
   – that’s risky – if a recession hits, deficit explode big bada boom
   – So we can either cut spending, raise taxes, or not do shit because its an election year. option C it is
   – So nothing will change for the foreseeble future and I hope u like more inflation and more expensive borrowing because that’s what you’re getting, plebe

   as usual, no discussion about

   – hey I know, what if we spent money on our ppl and infrastructure and essential services – I hear lots of folks bitching about voter ids for example, can we make it real easy for them to get one so they shut up already? it’s embarassing
   – I hear there are some juicy-ass tax loopholes to plug or, if you live in fantasyland like me, maybe we do a spot of reducing military spending? I know, im nuts
   -there’s always the highly-improbable situation that the Fed knows wtf they are doing and knows how to drive this thing so it dont crash

   While I can’t say hope is one of the emotions I’m experiencing, I’m certainly not bored