Last coins term 'moronic inflation' to describe tariff-driven price surge
1 Oct 9 1:16 PM · 4d ago · 1 article · 2 posts · 3 sources · development 1 of 1
Jonathan V. Last published analysis in The Bulwark distinguishing the current inflation from pandemic-era inflation, calling it 'moronic inflation' because it resulted from deliberate policy choice rather than supply or demand shocks. He argues Trump's tariffs did exactly what experts predicted.
“Handed a healthy economy, Trump imposed his tariffs and they did exactly what the so-called 'experts' said they'd do: Dampened economic activity while increasing prices.”
Jonathan V. Last
Donald Trump PresidentJonathan V. Last Columnist, The Bulwark
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first by Mastodon, 4d ago · also The Bulwark
What people said 5 voices · best of 9 · verbatim
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T
Trump effectively ran on both slashing and spiking inflation. He came through on one of those.
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"The only explanations I can think of are pure deficiency of cognitive ability; a pathological drive for self-mutilation; or a pervasive decadence/nihilism in which American society either believed itself immune from consequences."
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T
"A political candidate promised to do things that would create inflation; voters chose his program against the warnings of 'experts'; inflation resumed. Moronic inflation."
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J
America has invented an entirely new economic phenomenon: Moronic Inflation. My ground-breaking discovery is here:
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T
"Economists make distinctions between kinds of inflation. There’s demand-pull and cost-push inflation. There’s walking and galloping inflation. There’s transitory inflation. Today we have what I’m going to call 'moronic inflation.'" @jvl.bsky.social in today's Triad:
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