![[Not the Onion] Nobel Prize winning economist says Bidenomics is working if you exclude food, energy, shelter, and used cars.](https://hexbear.net/pictrs/image/056e2b2f-c3f7-43b4-84ae-511a72338a87.png){kind=link}
12·1 year ago- Inflation and corporate opportunism causes goods and services to become wildly expensive.
- Discretionary spending collapses due to exorbitant costs, but essential consumption remains steady or increases.
- Cost of extraneous goods and services decreases due to reduced demand.
- Paul Krugman narrows CPI to exclude 50%+ of household consumption, focusing only on commodities with falling demand.
- Victory declared.