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.
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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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.