Relevant and even prescient commentary on news, politics and the economy.

You searched for: label/perceived competence

More On Consumers’ Inflation Forecasts

My http://angrybearblog.strategydemo.com/2014/07/anchored-perceived-inflation-or-how-fox-news-helped-obama.html has received more attention than I would have guessed. This should be a semi-serious post on the topic. The puzzling fact is the persistently too high forecasts of…

An Opinion II

…But perceived (past) inflation is what affects actual current inflation. In particular, the price of gasoline has a huge effect on perceived inflation (even more so recently than back then…