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by imapeopleperson 1529 days ago
Populism blinds the public from understanding the true root cause of our problems and therefore destines our solutions to fail.

In this case, the populism is Biden’s admin labeling inflation as the ‘Putin Price Hike’. This completely ignores the possibility that the American Rescue Plan Act of 2021, $2 Trillion in stimulus that’s largely already spent, could’ve contributed to inflation also. This leaves us vulnerable to repeat our mistakes when making future policy decisions - like whether to waive all student debt.

3 comments

From what I've read, stimulus in infrastructure building is rarely correlated with inflation, provided the new infrastructure is useful to continued growth/expansion.
I wonder if anyone hears Psaki or others say "Putin Price Hike" without thinking "a bunch of lying politicians" since Putin's craziness came long after the printing of money.
Obviously it's both, and then some ...
All they care about is radicalizing their voter base.
The problem is an electorate often only willing/able to absorb three-word-slogans.