Creative Commons/Adam Jones Flickr The average American family has lost roughly $7,400 thanks to inflation , as rising prices stretch budgets and bankrupt the working class. You’d think, then, that there would be an honest interrogation into the true causes of surging prices. At least as far as the New York Times is concerned, you’d be wrong.
The Times ’s inflation coverage includes a “helpful” inflation F.A.Q. supposedly explaining what inflation is and what causes it. Their explanation for what causes inflation has some… noticeable omissions. It reads : “ What causes inflation? It can be the result of rising consumer demand. But inflation can also rise and fall based on developments that have little to do with economic conditions, such as limited oil production and supply chain problems.” Here’s how the NY Times explains inflation. Notice anything missing? pic.twitter.com/Ql3ESnoxxW — Jeremy Horpedahl (@jmhorp) March 4, 2023 Utterly ignored in […]
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