It's the dunk tank.
This is where you come to post big-brained hot takes by chuds, libs, or even fellow leftists, and tear them to itty-bitty pieces with precision dunkstrikes.
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https://twitter.com/paulkrugman/status/1712494317024026761
This is like saying "my health is great ex my heart".
[edit] Also, child poverty increased more in 2022 than any time in recorded US history. So "little cost" for Krugman, but not for the population.
This stupid tweet / series of tweets has fucked with me enough that I did a VERY rough integration (do not take this as numbers, I literally just moved points on a chart until they more or less matched the original. The units are also a little funky, and I didn't have a real desire to untangle what they mean because I have actual work to do.)
The red is more or less the actual inflation rate.
Isn’t all of economics just willful ignorance of what’s directly in front of you?
No, a lot of it is willful ignorance of what's directly behind you
and a little willful ignorance of what's happening right where you are
Forgive me, I'm no mathematician. Are you revealing that the OP graph is cumulative and really shows a slowing down in the growth of inflation rather than a reversal or lowering of inflation?
What does decrease of inflation from 2% to 1% mean? The cost for consumers has still increased.
This is the point they’re making, that OP’s graph is saying that the rate of increase has decreased, and so it’s a graph of the derivative.
Yeah, the original graph shows the rate of change of inflation. It defines how much it's increasing by. The author is lying with graphs.