Originally posted by: rdwoodpecker
Just the highest inflation in 40 years, now that is something to hang your hat on!
Considered in isolation, yes, not a good thing. But it's happening in conjunction with unprecedented wage growth, a big surge in jobs, and overall strong economic growth. Aren't those things always super-important to conservatives?
That wage growth, by the way, is real wages, which means adjusted for inflation. So even with the current higher prices, people are able to buy more stuff--which is fueling the current increase in economic output. Call me a radical liberal commie pinko socialist snowflake, but I view people being able to afford more goods and services as a good thing.
Those who lack sophistication--which is, certainly, a great majority of the population--focus only on what they don't like (higher prices) and ignore what comes with that (a booming economy). Economics is a complex subject and doesn't lend itself to simplistic thinking.