Friday, June 27, 2014

Graphic of the Day: Inflation as seen by consumers and economists

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This poll result by Robert Shiller is from the Federal Reserve of Atlanta.

What a striking difference between how ivory tower experts see the world vis-à-vis the general public or the consumers! 

Yet incumbent policies represents the perspective of experts rather than the consumers. With such variance, it would be natural to see trouble ahead when consumers feel the pain from the miscalculations of experts.

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