Stop worrying about inflation, you idiots

“Embrace the suck”

U.S. inflation in October hit a three-decade high of 6.2%.

More specifically, the consumer-price index increased by 0.9% last month, compared to its increase of 0.4% in September and 0.3% in August. This is the fastest rate of increase in 31 years.

But don’t believe your lying eyes, says our very reliable and informed pundit class. They argue both that inflation is not happening and that it’s not as bad as you think it is, whichever line best serves the Biden administration.

“Inflation and shortages of some goods are real issues,” New York Times columnist Paul Krugman argued this week, “but much of the economic discontent seems to be based on news reports and partisan leanings."

OK, sure, inflation is rising, but you’re just scared because of Fox News.

MSNBC, meanwhile, promoted an opinion article this week on social media with the following headline: “Why the inflation we’re seeing now is a good thing.”

The cost of basic and luxury items has increased everywhere this year, affecting the price of everything from groceries to utilities to appliances. We’ve been on an inflationary trajectory all year. In fact, as Bloomberg News noted Wednesday, inflation has risen steadily all year since at least the Jan. 20 inauguration Biden.

You’re the dumdum, however, for being concerned about this, according to the professional pundits.

“America, don’t panic over rising prices,” the Chicago Tribune’s editorial board said in late October.

“Prices are indeed rising,” the board concedes, “as you surely have noticed, and the upward pressure is likely to continue for some time. But this is not your grandpa’s inflationary spiral. … The inflation we’ve experienced so far today is more like a pussycat in comparison.”

Earlier, in May, the Washington Post published an opinion article titled, “What scaremongering about inflation gets wrong.” Its subhead adds, “Inflation isn’t inexorably a bad thing. In fact, it used to be considered good.”

Later, in July, Vox published an article titled, “Don’t worry about inflation.” Its subhead likewise reads, “Why fears of the return of 1970s-style inflation are overblown.”

These analyses would be less annoying were it not for the fact the industry telling us now there’s nothing to worry about is the same industry that assured us rampant, debilitating inflation was an unlikely scenario.

“Inflation Isn’t Lurking Around the Corner. This Isn’t the 1970s,” reads the headline to a Feb. 16 opinion article by New York Times columnist and editorial board member Binyamin Appelbaum, who then remarked in May, “I find the fixation on 1970s inflation puzzling for several reasons. Inflation really wasn't that high, certainly not by the standards of ‘historically memorable inflations.’ Also, high inflation was good for a lot of people. Student loan debt disappeared! Home ownership spiked!”

If you’re surprised by these takes, you shouldn’t be. This is the same class of people who spent last Friday snickering at a CNN report about a Texas family that says the rising cost of inflation has driven up the price of basic groceries, including milk.

Read more at the Washington Examiner.