Understanding Inflation: Public Perception vs. Economic Reality

This chapter explores the intricate perceptions of inflation in the U.S., touching on its emotional resonance among the public in relation to upcoming elections and economic indicators. It connects historical food riots to modern sentiments, illustrating how views on inflation reflect personal financial impact rather than pure economic theory. The chapter further examines the conflicting narratives from political parties, shedding light on the potential shifts in public opinion as economic conditions evolve.