Matthew Yglesias

@mattyglesias ↗

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Last Checked Feb. 15, 2023

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Fri Oct 28 15:43:37 +0000 2022

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Matthew Yglesias @mattyglesias

These are related but not identical — and since they are both happening we can just talk about “inflation” and various strategies for reducing it. But they are different things and could come apart in the future. — PolitiTweet.org

Posted Oct. 28, 2022 Deleted after 15 days Hibernated

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Matthew Yglesias @mattyglesias

Inflation discussions get a little frustrating/confusing because we’re really talking about two different things simultaneously: (a) Prices are rising faster than the Fed’s target (b) Prices are rising faster than wages, reducing real income — PolitiTweet.org

Posted Oct. 28, 2022 Deleted after 15 days Hibernated

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Matthew Yglesias @mattyglesias

“It’s all gas prices” is wrong for example, but commodities are important because of the wage/price wedge. If burrito prices raise because Chipotle workers wages rise that’s redistribution. If it’s because of higher food costs that’s just most people getting poorer. — PolitiTweet.org

Posted Oct. 28, 2022 Deleted after 15 days Hibernated