Thursday, November 18, 2021

Thursday Is New Jobless Day

268K new lucky duckies! Pretty good!

It's maddening that everyone is shrieking about inflation, because people are goldfish and forget just how horrible the Great Recession was and a bit of temporary inflation is a small price to pay for the fact that recovering from Covid has been, due to a much better policy response, much better.

And short term price level bumps aren't "inflation," really, as inflation is a sustained increase in the price level, not some bumps over a period of months.