Quit Complaining About Inflation!
The New York Times has published a strange article by Justin Wolfers, an economist at the University of Michigan. The headline is that his economist brain makes him say with regard to inflation: “Don’t worry, be happy.” The article gives the reader as much reason to trust economists as you do epidemiologists, which is to say none at all.
The thought is that the 25% inflation we’ve experienced over the last four years really hasn’t done any damage. Money is neutral to economic exchange and so is inflation.
It’s an enormous source of frustration when intellectuals use their high-status positions to instruct the public on matters we know to be untrue. They’re gaslighting us.
https://www.zerohedge.com/personal-finance/quit-complaining-about-inflation