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Re:Former President Trump is projected to win the presidency by vladimirralev on Wednesday November 06, 2024 @02:05PM (#42067543)
> can't force people to understand economics

People were actively deceived along the way. Do you remember that intially Yellen (and Powell together) called the inflation "not broad enough to be considered inflation", then called it "transitory" and justified printing so much money all the way into 7% inflation. At 3% PCE, Powell said everybody to relax, that nobody should doubt they will use every tool they have to fight inflation. Bostic at 2% PCE said he is not worried, he welcomes higher inflation, approaching 4% inflation would be cause of concern and would require action. Action that never came. They just lied and misinformed the people for years. People listened to this, it was all over the media. It's wrong to suggest people didn't listen.

Do you remember after 5 years of review they came up with symmetric inflation target of 2% and they instantly abandoned it because that would require lower inflation for decades to come. And nobody in media questioned it, they said people "misunderstood the target".

They don't want to educate people about the economy, they want people as stupid as possible.

Re:Former President Trump is projected to win the presidency by jkubicek on Wednesday November 06, 2024 @02:23PM (#42067823)
Your criticism of Yellen and Powell's messaging is valid, but I have a very hard time believing that had any impact on this election.

The US fared better than almost industrialized nation post-pandemic. Our inflation is currently under control, unemployment is low, wages are rising. I have a hard time believing that anyone could have handled a hard situation better than the Biden administration. Meanwhile, Trump's stated economic policies (no income tax, make it up with tariffs) are unequivocally bad ideas that would make the prices paid by most Americans far far far higher than what they're paying today.

The overlap between "People who know Jerome Powell and think he did a bad job" and "People who think Trump's fiscal platform will be good for the average American" is close to zero people.

Re:Former President Trump is projected to win the presidency by drawkward on Wednesday November 06, 2024 @02:40PM (#42068072)
>Trump's stated economic policies (no income tax, make it up with tariffs) are unequivocally bad ideas...

...but they are very good memes, as in units of information that compete for attention. I think we are now, post-2016, in the social media era of elections, where policy content matters far less than policy vibes.

Re:Former President Trump is projected to win the presidency by avereveard on Wednesday November 06, 2024 @05:36PM (#42070618)
Is it? Because between part time job, gigs, and people falling off unemployment benefits from receiving them too long I don't trust unemployment figures, they are measuring the wrong thing. It seem people work longer hours, for less disposable income overall.
Re:Former President Trump is projected to win the presidency by throwaway48476 on Wednesday November 06, 2024 @06:28PM (#42071195)
Don't bother with unemployment, look at labor force participation.