Opinion | No, Americans Aren't Completely Stupid About Inflation
People may not fully understand the economy, but their feelings about it contain some wisdom.
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People may not fully understand the economy, but their feelings about it contain some wisdom.
Workers think so. Economists disagree | Finance & economics
Yet unless you're constantly pulling out a calculator, you're unlikely to know whether your wages are keeping up with inflation, whether the stock market has actually hit a real peak or whether a lottery jackpot is as sweet as the marketers claim.
Joe Biden has presided over record job creation, historically low unemployment, strong wage growth — and the highest inflation in four decades. Pundits who emphasize the latter, while downplaying the former, aren’t doing working-class people any favors.
The answer says a lot about how you see taxes, as well as immigration, affirmative action, and many other policy choices.