“Fake Inflation”

Don't worry, those rises in prices are an illusion!

Photo by SLT

I had missed this bit of economic analysis by our president earlier this week:

“[W]e’re having some fake inflation because of the fuel, the energy prices.”

Perhaps that means that any additional payments can be made in imaginary dollars so as to alleviate the real pain of the fake inflation?

But, of course, if you are a narcissist who has more money than he could spend, what’s a few more bucks at the pump or at the grocery (what a word!) store?

Or, worse, at the corner store:

During a Thursday event intended to promote the Republican tax agenda, President Donald Trump seemed to veer off script, riffing about how he had never heard the term “corner store” and calling the inflation that resulted from the Iran war “fake.”

”What is a corner store?” the president said to the crowd gathered for his roundtable. “I’ve never heard that term. I know what a corner store is, but I’ve never heard it described [as] a ‘corner store.’ Who the hell wrote that?”

Thank goodness he is a very stable genius and that the White House is a well-oiled machine, else I might be worried that they don’t know what they are doing and that these “policy” moves will have long-term, global consequences!

FILED UNDER: Economics and Business, The Presidency, US Politics, , , ,
Steven L. Taylor
About Steven L. Taylor
Steven L. Taylor is a Professor Emeritus of Political Science and former College of Arts and Sciences Dean. His main areas of expertise include parties, elections, and the institutional design of democracies. His most recent book is the co-authored A Different Democracy: American Government in a 31-Country Perspective. He earned his Ph.D. from the University of Texas and his BA from the University of California, Irvine. He has been blogging since 2003 (originally at the now defunct Poliblog). Follow Steven on Twitter and/or BlueSky.

Comments

  1. Kylopod says:

    “Riffing”? Has the press ever applied that word to any other politician doing what we’d otherwise simply call rambling? Why are they still treating Trump’s erratic behavior as some kind of improv act?

    ReplyReply
    3

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