delongNov 7
Affordability, Inflation, & the Misinformation Machine: How Prosperity Lost the Plot
Thanks to Bidenomics, full employment returned fast after the plague depression; but voters heard “affordability crisis” amid broken information channels. Housing’s post-GFC scar, health/childcare costs, student loans, and unequal growth met Fox-Facebook reality distortion. But the overwhelming big factor was inflation, and how it makes people think the government has broken its contract... 1/
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...with them, & is incompetent. The economy healed with unusual speed; the story never did. When facts lost to vibes, full employment and reindustrialization couldn’t beat inflation-driven anger…
<https://braddelong.substack.com/p/affordability-inflation-and-the-misinformation>
2025-11-07 Fr
#public-reason
#bidenomics
#affordability-inflation-the-misinformation-machine
#how-prosperity-lost-the-plot 2/END
Affordability, Inflation, & the Misinformation Machine: How Prosperity Lost the Plot

Thanks to Bidenomics, full employment returned fast after the plague depression; but voters heard “affordability crisis” amid broken information channels. Housing’s post-GFC scar, health/childcare...

DeLong's Grasping Reality: Economy in the 2000s & Before
Nov 7 at 7:35pmWeb