‘Inflation in the News Driven by Rich People’ — Media Pundits Claim ‘Inflation Is Good’ as Americans Struggle With Less Purchasing Power

‘Inflation in the News Driven by Rich People’ — Media Pundits Claim 'Inflation Is Good' as Americans Struggle With Less Purchasing Power

Inflation in the U.S. has a large number of Americans worried about the future of their purchasing power as the cost of goods and services has continued to rise faster every month. Reports note that Americans are struggling to pay for child care, groceries, gasoline, lumber, healthcare supplies, and used vehicles. El viernes, Harvard economist Kenneth Rogoff told the press U.S. inflation waseye poppingand in terms of where inflation is headed, Rogoff stressed he thinks “nosotros’re on a knife-edge.

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Members of the US Central Bank Begin to Favor Tapering Asset PurchasesTaper Discussions to Likely Happen at Feds December Meeting

El viernes, Reuters reportado that the U.S. Banco Central’s policymakers are publicly debating whether or not the Federal Reserve will taper bond purchases and raise the benchmark interest rate. Fed Governor Christopher Waller told the press on Friday that the tapering should begin soon. “The rapid improvement in the labor market and the deteriorating inflation data have pushed me towards favoring a faster pace of tapering and a more rapid removal of accommodation in 2022,Waller explained in New York.

el banco central’s vice chair, Richard Clarida, also spoke about tapering on Friday at the San Francisco Fed’s 2021 Asia Economic Policy Conference. “yo’ll be looking closely at the data that we get between now and the December meeting, and it may well be appropriate at that meeting to have a discussion about increasing the pace at which we are reducing our balance sheet,” Clarida stressed. “That will be something to consider at the next meeting,” añadió.

Dólar estadounidense’s Purchasing Power Declines

The rising inflation has taken place in America following the U.S. governments attempt to mitigate the Covid-19 pandemic with lockdown mandates, shutting down small businesses, and choking the supply chain with coronavirus safety measures. Además, the government and Federal Reserve increased Americas monetary supply more so in two years than in the country’s 242 years prior.

‘Inflation in the News Driven by Rich People’ — Media Pundits Claim 'Inflation Is Good' as Americans Struggle With Less Purchasing Power

Los Estados Unidos. dollar doesnt go as far anymore, as the cost of beef, hotel and motel accommodations, gasoline, laundry supplies, gas natural, eggs, vehicle rentals, furniture, and used cars has skyrocketed over the last 12 meses. Metrics from visualcapitalist.com indicate that the U.S. inflation rate saw the largest increase in 30 años. Es más, the cost of fuel, transportation, and meat products have seen the largest price jump, rising from 24% a 39% in just a year.

Childcare and other costs associated with parenting are also surging and bars and restaurants are wrestling with inflation, a labor crisis, and supply chain crunch all at the same time. Across the nation, prices have risen the highest in the Midwest and South in states like South Dakota, North Dakota, Nebraska, Iowa, Kansas, and Minnesota.

Mainstream Media Continues to Claim Inflation Is Good, Journalist InsistsInflation in the News Driven by the Rich,’ MSNBC Deletes Tweet That AssertsInflation Were Seeing Now Is a Good Thing

Despite the rising inflation, mainstream media (MSM) headlines have been telling the public things like “don’t worry about inflationfor months. The New York Times tried to explain this week that inflationis linked to the economic recoveryand recently MSNBC deleted tweets that claimed, “the inflation were seeing now is a good thing.

The American journalist who worked for the New York Times, Verge, and Vice Media, Sarah Jeong, has received a lot of backlash for her statements about inflation.

Waaaaah the working classs income is keeping pace with or outstripping inflation but my capital gains aren’t. Boo f***ing hooooo,” Jeong told her 118,000 Twitter followers. In another controversial statement, Jeong tuiteó: “All the stuff you see about inflation in the news is driven by rich people flipping their sh** because their parasitic assets arent doing as well as theyd like and theyre scared that unemployment benefits + stimmy checks + 15 minimum wage + labor shortage is why.

‘Inflation in the News Driven by Rich People’ — Media Pundits Claim 'Inflation Is Good' as Americans Struggle With Less Purchasing Power

Harvard Economist: In Terms of Where Inflation Is GoingI Think Were on a Knife-Edge

Americans spending more dollars on goods and services has taken a toll on peoples funds and data shows that the so-called rising wages in America dont seem to be measuring up to the inflation. There have been many informes presenting verifiable data showing that the rise in American wages does not make up for the rising inflation.

El viernes, Harvard economist Kenneth Rogoff spoke on the broadcastMornings with Mariaand the economist explicado that Americas inflation iseye-popping.The former IMF chief economist told Maria Bartiromo that he thinks “nosotros’re on a knife-edgein terms of inflation and theres a “50-50 chance or a little lessthe Fed’s “transitorio” prediction is correct.

I think its pretty clear that the first stimulus right after Biden took office and maybe the one at the end of the year in 2020 [estaba] a little too late in the game,” Rogoff explained in his interview. “They have added to the inflation, along with supply chain and everything else,” añadió.

What do you think about Americas rising inflation and how politicians, Federal Reserve policymakers, and mainstream media pundits are coping with the data? Do you think inflation will be “transitorio” or do you think it will last a very long time? Háganos saber lo que piensa sobre este tema en la sección de comentarios a continuación..