Sharp and sustained economic criticism from Biden's ostensible allies established a narrative of failure that has proved alarmingly resistant to reality.
I think I’m just echoing your points, but I wanted to add that ‘inflation’ or ‘CPI’ aren’t immutable mathematical constructs. The statistics the article is citing have taken on more convenient to the status quo interpretations over time, to the point of being kind of devoid of meaning.
For example, real unemployment having gone up and never really down after every major financial crisis, yet we’re being told ‘unemployment is at its lowest point ever’.
Thanks for these helpful links, but I don’t see any problem with the inflation chart. The claim of lowest in half a century is false either way.
I think I’m just echoing your points, but I wanted to add that ‘inflation’ or ‘CPI’ aren’t immutable mathematical constructs. The statistics the article is citing have taken on more convenient to the status quo interpretations over time, to the point of being kind of devoid of meaning.
For example, real unemployment having gone up and never really down after every major financial crisis, yet we’re being told ‘unemployment is at its lowest point ever’.