The fiaters' mental gymnastics to rationalize this away are going to be spectacular!
https://twitter.com/KennethMaz/status/1392479213110718471
"Akshully, this anecdotal data of rising prices is not enough to prove inflation. You need to look at the entire basket of goods, like the CPI does, and the CPI finds very low inflation, so your anecdotal data is DEBUNKED"
"Noooooo you can't just include prices of food, houses and energy in the CPI, they are too volatile and subject to supply chain disruption. The consumer basket of goods should consist of all the cheap inessential crap & quickly improving electronics nooooooooo"
"Ackshully it was THE VIRUS that made everyone sick and greedy and wanting to raise prices. There is no evidence that monetary policy, or a year of locking people in their home & closing their business had any effect on prices. That is completely debunked pseudoscience."
"People keep repeating anecdotal evidence as if it proves inflation, but that's just their confirmation bias, a common mental bias.
I'm a trained economist & my favorite food of CornSoySludge™️ has been at 99c a barrel for a decade
<condescending smirk>
There is no inflation"
I'm a trained economist & my favorite food of CornSoySludge™️ has been at 99c a barrel for a decade
<condescending smirk>
There is no inflation"
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