[TomAiello]

I guess just printing massive amounts of money out of thin air doesn't really fix everything.

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www.yahoo.com

 

[TomAiello]

And another mainstream media article:

As Inflation Rises, Beware of the Money Illusion. It May Cost You a Lot.

Second link (WSJ may not allow you to read it without paying): https://texasnewstoday.com/beware-o...inflation-rises-it-may-cost-you-a-lot/499253/

And the original academic paper about the money illusion and people's mistaken perceptions:

EconPapers: Money Illusion

By Eldar Shafir, Peter Diamond and Amos Tversky; Abstract: The term "money illusion" refers to a tendency to think in terms of nominal rather than real monetary values.

econpapers.repec.org

 

[TomAiello]

What!!! Ole Brandon said it’s all paid for and one of them (I think it was Circle Back lady) said passing the spending bill would end inflation! It’s basic economics…for idiots that don’t know what economics is! 🧐

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I believe that was the man himself.

The mismatch between some of Biden’s plans and the salient economic concerns of the moment was visible at a CNN town hall in Baltimore Thursday night. The president heard questions on high fuel costs, supply chains and inflation, responding that price increases would likely subside but may actually persist if his economic agenda fails to pass.
“I don’t think it’ll last,” Biden said. “If we stay exactly where we are, yes. If we don’t make these investments, yes.”

From this article: Bloomberg - Are you a robot?