Most categories in the PCE are still experiencing declining inflation rates (that is, the acceleration in the price level is negative)

frbsf.org/research-and-i…

One of old tweets on this seems to be getting noticed, so I’ll just note again that the obvious role of media cues/framing effects doesn’t mean “real folks” weren’t hurt by inflation. Both are true, & we should have a more thoughtful discussion of that.

x.com/mcopelov/statu…

We’ve known this for 2+ years now, but it’s good to see more work confirming it. If only someone could’ve told the Very Famous Economists who ignored all the freely available data, dominated our National Conversation™️, & told you it was all Biden’s fault

x.com/mcopelov/statu…

Today in life under competitive authoritarianism

<whispers> I agree, but, well, then, they're not actually <stronger> candidates. They're just younger ones upon whom folks have projected their magical thinking & dreams of unicorns.

Your regular reminder that the reason all of the awful & illegal things keep happening in 🇺🇸 politics is because there are absolutely no consequences for all of the awful & illegal things happening in 🇺🇸 politics. This was the lesson learned in 1979-80, 1985-87, & now 2017-24.

It's way too early & I will not get excited about the Phillies

It's way too early & I will not get excited about #RingTheBell   

It's way too early & I will not #RingTheBell   

It's way too early & I will #RingTheBell    #RingTheBell    #RingTheBell

Total, utter, sadly predictable failure to meet the moment

x.com/mcopelov/statu…

Join Mark Copelovitch (Mark Copelovitch), spring 2024 fellow and UW–Madison political scientist, for a talk at Heidelberg Center for American Studies next week on the reasons behind the dollar's enduring dominance, despite predictions of its decline as the world's top reserve currency: buff.ly/3WNI6Vl

We can’t say we weren’t warned.

👇

He wouldn’t have to. It would be all over the front page of the New York Times every day

x.com/mcopelov/statu…

Today in life under competitive authoritarianism

Today in life under competitive authoritarianism

Other, more serious countries have actual constitutional courts

Suffering From Inflation™️, car prices edition

This. Every time. All day long. It should have started years ago. But late is better than never.

👇🎯 It’s almost as if…the inflation was mainly a cross-national pandemic- & war-induced phenomenon, & not primarily caused by 🇺🇸 fiscal policy.

If only we had access to data that could have told us this in 2022: x.com/mcopelov/statu…

👇🎯 The anecdotes need to be representative anecdotes that illustrate the trends in the aggregate data, rather than disproportionately weighted toward the outliers