High inflation means that we can kind of put off those conversations for a while, hopefully not forever from my point of view. But it shifts the conversation back to something where they're much more comfortable with about people just having too much. That would be a trickier conversation than if prices were behaving pretty reasonably and businesses were getting less profits.
In this Live Interview from 7/8/22, we break down US media's inflation discourse that places the blame for rising food and gas prices squarely on the shoulders of greedy Burger King cashiers living high on the government hog. With J.W. Mason, Associate Professor of Economics at John Jay College, City University of New York and a fellow at the Roosevelt Institute.