Honestly, upon re-reading the article, I think there’s a good chance that I misunderstood what he was saying. On my initial read-through, I read it as him saying that everybody should treat the concepts of “inflation” and “high prices” interchangeably, but I now believe that he might be saying that laypeople are treating the two concepts identically, and politicians should react accordingly.
His concluding paragraph is what made me pop off with my first post; it reads very much like he agrees with this hypothetical idiotic layperson. I think that last bit probably colored my interpretation of the entire article.
Honestly, upon re-reading the article, I think there’s a good chance that I misunderstood what he was saying. On my initial read-through, I read it as him saying that everybody should treat the concepts of “inflation” and “high prices” interchangeably, but I now believe that he might be saying that laypeople are treating the two concepts identically, and politicians should react accordingly.
His concluding paragraph is what made me pop off with my first post; it reads very much like he agrees with this hypothetical idiotic layperson. I think that last bit probably colored my interpretation of the entire article.