Trump praises rising US inflation
3 months ago
U.S. President Donald Trump said he "loved the inflation" after data showed U.S. annual inflation rose to about 4.2 percent in May, the highest in three years.
Meanwhile, wages grew by just 3.4%.
It gets worse.
Gas prices alone have risen a whopping 40.5% (!) since last year, largely due to Trump's war on Iran.
And grocery prices have spiked 2.7% on the year.
"New Golden Age."
Meanwhile, wages grew by just 3.4%.
It gets worse.
Gas prices alone have risen a whopping 40.5% (!) since last year, largely due to Trump's war on Iran.
And grocery prices have spiked 2.7% on the year.
"New Golden Age."
by Anders Aslund Reposted by Peter Holmes
Congratulations!
How did he do it:
1. The war against Iran (as dumb as it gets).
2. Tariffs (dumb all the way).
3. Excessive budget deficit for no macroeconomic reason with unemployment at 4.3%
Dumbest president ever.
Congratulations!
How did he do it:
1. The war against Iran (as dumb as it gets).
2. Tariffs (dumb all the way).
3. Excessive budget deficit for no macroeconomic reason with unemployment at 4.3%
Dumbest president ever.
Do not forget this is the result of the reckless and deadly decision-making of one man: Donald Trump.
We are paying the price for his warmongering.
Do not forget this is the result of the reckless and deadly decision-making of one man: Donald Trump.
We are paying the price for his warmongering.
Reposted by Robert B. Reich, Trevon D. Logan, Aaron Sojourner , and 13 more Robert B. Reich, Trevon D. Logan, Aaron Sojourner, Michael D. McDonald, David Rothschild, Scott A. Imberman, John Foot, David R. Miller, Steve Peers, Brendan Nyhan, Brian Young, Véronique Altglas, Sarah Roberts, Nicole Guenther Discenza, Jason A. Heppler, Elizabeth Saunders
TRUMP: No, I love it. I love the inflation. You know why? Because as soon as this war is over -- do you know we've been taking out millions of barrels of oil? You know who doesn't know? Iran until right now.
TRUMP: No, I love it. I love the inflation. You know why? Because as soon as this war is over -- do you know we've been taking out millions of barrels of oil? You know who doesn't know? Iran until right now.
by Justin Wolfers Reposted by Greg Linden
Average wages haven't kept pace with inflation, which means the purchasing power of the typical paycheck is falling.
I explain what's driving it: https://newsletter.platypuseconomics.com/p/war-rages-on-prices-keep-rising-and
Average wages haven't kept pace with inflation, which means the purchasing power of the typical paycheck is falling.
I explain what's driving it: https://newsletter.platypuseconomics.com/p/war-rages-on-prices-keep-rising-and
And despite them being ruled illegal, Trump still hasn't given us a tariff refund!
And despite them being ruled illegal, Trump still hasn't given us a tariff refund!
Reposted by Erik Brynjolfsson, Greg Linden
Data: www.bls.gov/news.release...
Full coverage: www.nytimes.com/live/2026/06...
#NumbersDay
Data: www.bls.gov/news.release...
Full coverage: www.nytimes.com/live/2026/06...
#NumbersDay
“If [gas prices] rise, they rise.”
"I don’t think about Americans’ financial situation."
"I love the inflation."
Donald Trump really is a man of the people, isn't he?
“If [gas prices] rise, they rise.”
"I don’t think about Americans’ financial situation."
"I love the inflation."
Donald Trump really is a man of the people, isn't he?
Reposted by Dan Immergluck, Manisha Sinha
Trump: "I love inflation"
Trump: "I love inflation"