Interesting headline in The New York Times: “In an Unequal Economy, the Poor Face Inflation Now and Job Loss Later.” This headline appeared on Aug. 8, after more than 50 straight days of falling gasoline prices, the biggest inflation fear. Once exceeding $5 a gallon, the price of gas in many states was already down below $4 a gallon. As for “job loss later,” what do we mean by “later”? Later includes eternity. What we […]
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